Posted on 06/16/2010 2:33:53 PM PDT by Rufus2007
There has been a lot of criticism hurled at President Obama over his handling of the BP oil spill. Some on the left are upset the president hasn't been more forceful with the oil giant. Those on the right generally argue Obama's leadership has been inadequate.
Rarely has the president been criticized for specific actions on this issue. But on "Closing Bell" June 16, CNBC's Matt Nesto was asked whether BP acted appropriately by agreeing to the White House's terms by cutting its dividend payments and agreeing to a $20 billion escrow account.
Nesto argued that the administration was circumventing the legal system with such acts.
...more (w/video)...
(Excerpt) Read more at newsbusters.org ...
Why would circumventing the law with a made up reparations system bother someone on the left.
circumventing? We don’t need no stinkun law when we got us a dictator.
It’s the Ogabe way.
really but obamer has been making up the law all along.
i have argued that the administration was circumventing the legal system with such acts.
no checks and balances
Maybe the deal capped the liability as well at 20B.
Senor Chavez does it all the time. What’s the big deal.
If I were a BP stockholder, I would be furious. They have not determined the exact cause for the explosion nor if the leak has been fixed and whether or not they can salvage some of the oil.
Are the “BP brass” in the room looking for a job with this administration or something?
The number 1 priority should be cleaning up the mess, not creating some slush fund for this administration.
Nope. Barry said it could be more. No cap.
Because he’d much rather see sharks fed and courts clogged for years before any Republican gets at that money.
Sheesh, if we’d had to litigate the Katrina disaster before anything could be done, New Orleans would still be full of water.
Looks like MSNBC/CNBC are finally realizing that criticizing this clown helps ratings/ad revenues.
Bp Shareholders WILL get to vote on removing the leaders that agreed to not see Ogabe in court. I already bailed out might buy back when its a penny stock.
Duh, looks like a “mess slush fund” to me. Haven’t Louisiana and other states been bitterly complaining about lacking money to deal with the disaster?
When this reporter is canned by cNBC for not bowing at the altar of Obama regarding his handling of BP, will he be eligible to get money from the $20 billion fund to cover his lost salary?
I wonder how long it'll be before some of his sealed past conveniently starts to leak out?!
Obama already thumbed his nose at the legal system with Chrysler and GM, and I didn’t notice any of the talking head complain about that.
He even closed all the Chrysler dealerships that were owned by Republicans, and got away with that, too.
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