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LIE: Obama Says Person In Charge Of BP Escrow Account Is "Third Party" -- HE'S NOT
RealClearPolitics ^ | June 16, 2010 | RealClearPolitics

Posted on 06/16/2010 12:41:47 PM PDT by i88schwartz

***ALERT***

President Obama says the $20 billion BP has committed to is not a "cap."

"BP will meet their obligations" to the people of the gulf, he said.

"Another important element is that this $20 billion fund will not be controlled by BP or the government." Obama said the escrow account will be executed by an impartial third party. Ken Feinberg will run the BP escrow account.

UPDATE (@ 3:34:19 PM ET): It should be noted that Ken Feinberg is not an "impartial" third party. He has previously worked for the Obama administration in the Treasury department. His job was to oversee the compensation of top executives at companies which have received federal bailout assistance.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: barackobama; bp; cultureofcorruption; jamiegorelick; kenfeinberg; obamascandals; obamatruthfile; oil

1 posted on 06/16/2010 12:41:47 PM PDT by i88schwartz
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To: i88schwartz
I have a busy day, and this is slightly off topic, but look at Crist in Florida “checking out the oil” lol

http://latimesblogs.latimes.com/washington/2010/06/obama-speech-react.html

Someone with more time on their hands, PLEASE make this stick! (Or give it its own thread)!!

2 posted on 06/16/2010 12:44:05 PM PDT by Kansas58
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To: i88schwartz

What a surprise. NOT!


3 posted on 06/16/2010 12:44:27 PM PDT by library user
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To: i88schwartz

no he isnt and anyone he appoints wont be..but one thing you can count on is that he will take his share of the pie.


4 posted on 06/16/2010 12:44:59 PM PDT by dalebert
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To: i88schwartz

It never ends.


5 posted on 06/16/2010 12:45:25 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: dalebert

Has freddy and fanny been downgraded to penny stocks?


6 posted on 06/16/2010 12:46:12 PM PDT by dalebert
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To: i88schwartz

there is no limit on what third parties charge for their services.


7 posted on 06/16/2010 12:48:25 PM PDT by dalebert
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To: i88schwartz

We need to keep a sharp eye on the latest Obama slush fund. I can just imagine those getting in line for some “free” money.


8 posted on 06/16/2010 12:49:09 PM PDT by Parley Baer
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To: i88schwartz
Ergo Obama just control of another 20 BILLION dollars to pay out to favored friends / organizations.

Are you a member of a TeaParty that has a commercial fishing boat on the coast?

No $$$ for you EVER.

9 posted on 06/16/2010 12:49:13 PM PDT by Centurion2000 (If I don't like you, it's most likely your culture or your ideology that pissed me off.)
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To: dalebert

I believe Jamie Gorelick landed on the side of BP defense in this one.


10 posted on 06/16/2010 12:49:39 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: i88schwartz

1984, Dept. of Corrected History


11 posted on 06/16/2010 12:50:03 PM PDT by TexasCajun
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To: i88schwartz

These are professional sneaks, cheats and liars;

they know how to skim for “friends of government,” no one will ever notice and those that do will be silenced.


12 posted on 06/16/2010 12:50:52 PM PDT by ntmxx (I am not so sure about this misdirection!)
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To: i88schwartz

How can he say one of his Tzars is “an impartial 3rd party”? That’s obviously a rhetorical question.


13 posted on 06/16/2010 12:50:52 PM PDT by Deb (Beat him, strip him and bring him to my tent!)
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To: i88schwartz

This money will never be used for the clean-up...well, except that SEIU will certainly “clean-up.”


14 posted on 06/16/2010 12:51:04 PM PDT by SonOfDarkSkies (I never saw a wild thing sorry for itself...)
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To: i88schwartz
Good old fashion Chicago style money laundering. How much of this will be filtered back through the Unions as campaign contributions?
15 posted on 06/16/2010 12:51:31 PM PDT by NavyCanDo
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To: Kansas58

Hey that’s a damn fine can. I wouldn’t be able to contain myself. Sure, I’m not Governor, but I’m smarter than Charlie.


16 posted on 06/16/2010 12:53:21 PM PDT by numberonepal (Don't Even Think About Treading On Me)
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To: Parley Baer

Obama, Obama, Obama! He gonna give us free money. I donno where he gets it but he gonna give it to us!


17 posted on 06/16/2010 12:57:31 PM PDT by luvbach1 (Stop Barry now. He can't help himself.)
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To: i88schwartz
Of course it is a third party:
BP is giving the money up.
Literally none of it will go to anyone hurt by the spill.
When it winds up in someone Else's hands - Voila - A third party!
(Actually, probably several third parties.)
18 posted on 06/16/2010 12:59:28 PM PDT by norton
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To: i88schwartz

Much of this $20 Billion will end up in union executives hands, to be returned to the Dems for re-election purposes.


19 posted on 06/16/2010 1:01:55 PM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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To: GailA

Nail meet head.


20 posted on 06/16/2010 1:11:12 PM PDT by YoungHickey (Is it time yet, Claire?)
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Lest we forget what Maxine Waters said about oil companies.

Maxine Waters threatens to nationalize U.S. oil industries http://www.youtube.com/watch?v=PUaY3LhJ-IQ


21 posted on 06/16/2010 1:13:35 PM PDT by anglian
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To: i88schwartz

How can one party select a third party? I think we need a 4th party to select the 3rd party. Oh wait, we’d need a 5th party to select the 4th party. Oh wait......


22 posted on 06/16/2010 1:27:19 PM PDT by Terry Mross
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To: cripplecreek
I believe Jamie Gorelick landed on the side of BP defense in this one.

Jamie Gorelick is on Jamie Gorelick's side and everybody knows it.

BP knows that, with enough money for Jamie and the people Jamie identifies, she can make any problem disappear. And it will be ALOT of money.

She's the root of all evil.

23 posted on 06/16/2010 1:32:03 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: dead

Gonna be nothing left but bleached bones.


24 posted on 06/16/2010 1:32:52 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: cripplecreek
I think, at this point, the goal of the BP execs is just to avoid prison and the confiscation of their personal wealth.

They can buy that from Jaime, with the last of the company funds.

25 posted on 06/16/2010 1:35:44 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: i88schwartz

The GAO better have an accounting of EVERY PENNY of this,
or it’s all going to go to the SEIU and other 0bamites.


26 posted on 06/16/2010 1:36:05 PM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
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To: Kansas58
I don't know if posting this pic is allowed, but I'm doing it anyway, with the original caption:

Gov. Charlie Crist checks a Florida beach for signs of oil

27 posted on 06/16/2010 1:41:08 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
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To: savedbygrace
That's awesome! Look at him trying not to be gay!

FAIL!

28 posted on 06/16/2010 1:42:23 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: dalebert

Almost:

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/16/AR2010061601719.html?hpid=topnews


29 posted on 06/16/2010 1:42:24 PM PDT by Excellence (A person is smart. People are dumb, panicky, dangerous animals and you know it.")
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To: i88schwartz

No way should anyone connected to the current regime be involved in deciding who gets what from this fund. Americans need to put pressure on these a-holes and on BP.


30 posted on 06/16/2010 1:44:28 PM PDT by SMM48
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To: dead

Beach cred.


31 posted on 06/16/2010 1:58:16 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
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To: All
Here's the full text of President Obama's speech about the BP disaster/gusher in the Gulf of Mexico ...

Obama's Remarks To Nation On Oil Spill [Full Text]


32 posted on 06/16/2010 1:59:37 PM PDT by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: SonOfDarkSkies

First requirement will be that all oil clean up workers will have be union ...


33 posted on 06/16/2010 2:03:01 PM PDT by Jackson57
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To: i88schwartz

I hear he is considering appointing Bernie Madoff as fund manager... LOLZ


34 posted on 06/16/2010 2:32:22 PM PDT by DCrockett53
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To: i88schwartz

The next step. BP bankruptcy.

June 16, 2010, 4:47 p.m. EDT

BP OKs $20 billion spill fund;

suspends dividend

Plans to cut capital spending, sell properties to offset expense

By Steve Gelsi and Robert Schroeder , MarketWatch

NEW YORK (MarketWatch) — BP PLC said Wednesday it will establish a $20 billion escrow fund to compensate victims of the Gulf oil disaster and suspend $7.5 billion in dividend payments this year, moves that drew praise on Wall Street. The statements came after top BP officials met with President Obama.

In another sign of pressure in the wake of the as-yet-uncapped April 20 oil-well blowout that has become the largest such disaster in U.S. history, the British company also said it will implement a “significant reduction” in its 2010 capital spending budget of $20 billion and increase planned divestments to approximately $10 billion over the next 12 months.

excerpt.

http://www.marketwatch.com/story/bp-quiet-on-escrow-demand-before-obama-meeting-2010-06-16?siteid=nwhpf

Magnitude of Gulf of Mexico oil spill fuels concerns that BP may be bankrupted

http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/06/magnitude_of_gulf_of_mexico_oi.html


35 posted on 06/16/2010 2:34:49 PM PDT by KeyLargo
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To: cripplecreek

jamie gorlick of 1-11 investigation fame?


36 posted on 06/16/2010 2:37:56 PM PDT by dalebert
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To: dalebert

The very same. And lets not forget she’s a Fannie and Freddie alumnus as well. BP is screwed coming and going.


37 posted on 06/16/2010 2:39:51 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: cripplecreek

and so are the american public....screwed by their government....its all going down a rat hole again...all this money just vanishes...


38 posted on 06/16/2010 2:41:27 PM PDT by dalebert
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To: i88schwartz

He told several lies last night. “We have run out of places and oil to drill,” NOT— regulation keeps most oil fields off limits to drill.


39 posted on 06/16/2010 2:42:30 PM PDT by opentalk
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To: dead
and if anyone bears responsibility for 9/11 it has to be Gorelick for the restrictions she had placed on the FBI forbidding the anti-terrorist division from sharing info with the criminal division, and visa-versa, under threat of serious discipline which they did carry out.
40 posted on 06/16/2010 2:53:26 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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