Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

CNBC Reporter Attacks Obama for Creating 'His Own Sense of a Legal System' over Oil Spill
Newsbusters ^ | June 16, 2010 | Jeff Poor

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 ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events; Politics/Elections
KEYWORDS: bho44; bp; chicagoway; deepwaterhorizon; dueprocess; obamextortion; obamunism; oilspill; ovalofficespeech; oxtortion; tyranny
Fair point.
1 posted on 06/16/2010 2:33:53 PM PDT by Rufus2007
[ Post Reply | Private Reply | View Replies]

To: Rufus2007

Why would circumventing the law with a made up reparations system bother someone on the left.


2 posted on 06/16/2010 2:35:29 PM PDT by ModelBreaker
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007
Obama met BP and they spilled the coffee
3 posted on 06/16/2010 2:37:27 PM PDT by Berlin_Freeper (11/03/2010 - What did Obama know and when did he know it?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

circumventing? We don’t need no stinkun law when we got us a dictator.


4 posted on 06/16/2010 2:38:15 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

It’s the Ogabe way.


5 posted on 06/16/2010 2:38:33 PM PDT by Sir Gawain
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

really but obamer has been making up the law all along.


6 posted on 06/16/2010 2:38:35 PM PDT by dalebert
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

i have argued that the administration was circumventing the legal system with such acts.

no checks and balances


7 posted on 06/16/2010 2:38:52 PM PDT by griswold3 (Barack Obama’s First Law of Leadership: “I just work here.”)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

Maybe the deal capped the liability as well at 20B.


8 posted on 06/16/2010 2:39:41 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

Senor Chavez does it all the time. What’s the big deal.


9 posted on 06/16/2010 2:39:44 PM PDT by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

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.


10 posted on 06/16/2010 2:40:13 PM PDT by KEmom (Proud to be a Mama Grizzly!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: A CA Guy

Nope. Barry said it could be more. No cap.


11 posted on 06/16/2010 2:40:49 PM PDT by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ModelBreaker

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.


12 posted on 06/16/2010 2:41:29 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
[ Post Reply | Private Reply | To 2 | View Replies]

To: Rufus2007

Looks like MSNBC/CNBC are finally realizing that criticizing this clown helps ratings/ad revenues.


13 posted on 06/16/2010 2:42:43 PM PDT by thefactor (yes, as a matter of fact, i DID only read the excerpt)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KEmom

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.


14 posted on 06/16/2010 2:43:30 PM PDT by omega4179 (www.jdforsenate.com)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Rufus2007
EXACTLY!
What if someone gets an “escrow” check and then goes to court.
Does the “escrow” money mitigate or reduce the court judgment?
This is a mess.
Obama acts like a tyrant, a dictator who cares nothing about the balance of power or checks and balances.
15 posted on 06/16/2010 2:43:38 PM PDT by Kansas58
[ Post Reply | Private Reply | To 1 | View Replies]

To: driftdiver; Rufus2007

16 posted on 06/16/2010 2:43:41 PM PDT by SandRat (Duty, Honor, Country! What else needs said?)
[ Post Reply | Private Reply | To 4 | View Replies]

To: KEmom

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?


17 posted on 06/16/2010 2:43:53 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
[ Post Reply | Private Reply | To 10 | View Replies]

To: Rufus2007

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?


18 posted on 06/16/2010 2:44:16 PM PDT by ConservaTexan (February 6, 1911)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007
Lovin' it! The honeymoon is over. Obama is toast!!

I wonder how long it'll be before some of his sealed past conveniently starts to leak out?!

19 posted on 06/16/2010 2:45:09 PM PDT by mellow velo (Obama has no past; America is losing its future.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

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.


20 posted on 06/16/2010 2:46:41 PM PDT by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

In Allan Bloom’s “The Closing Of The American Mind” I learned that what has swept through our country is an abandonment, a rejection of the old right-and-wrong morality, in favor of an “individual value system” which is adopted, invented or developed in each person. What we’re seeing is Obama’s value system.

It came from nineteenth century German existentialism and has spread through our college staffs. I think the New World Order elites use this system, too.

Yeah, it’s playing god. (small g?)


21 posted on 06/16/2010 2:49:01 PM PDT by RoadTest (Religion is a substitute for the relationship God wants with you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ModelBreaker

I think I realize that all of these bast*rds are in it together. BP gives in to this extortion which in essence gives Obama campaign money to work with.

If I owned BP stock I would be furious.

Then you have Obama asking for another 50billion in campaign money from the taxpayer to go to local govt to keep democrats on the job...

This is the Chicago way of doing things..

I’m sick to my ears with this guy.

I’m praying tomorrow for -22 or more and to hit all time highs by the end of the month.

This guy is a phony. Everyone on this forum has known this from day one. People like Peggy Noonan who adored the guy are finally coming around.

He’d been an empty suit, a shyster from day one...

The quicker he falls so we can usher in real leadership the better....

Now I’m going to pour myself a nice Jack Daniels on ice...the rest of you can chit chat all you want on this loser...


22 posted on 06/16/2010 2:52:30 PM PDT by nikos1121 (Praying for minus 24 today....at least minus 23...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Rufus2007

Looks to me like Obama is very desperately (and with MSM support) trying to create the illusion of a great political victory. The fact is that BP has paid out millions in claims already, has set up an expedited process for claims and has even already established an “outside” appeal forum to adjudicate disputes regarding same.

When I read what BP says about it (http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7062966), I get a different picture than Obama’s “ass-kicking” stance. BP has said all along they did not consider themselves limited by the $75 million cap our government so imprudently left unchanged since the Exxon Valdez event. The money they will “set aside” over the next 3 1/2 years is probably their idea of something approaching their ultimate liabilities anyway (and if its too much they get the remaining amount back). The White House PR on this is just boob bait for the bubbas ...


23 posted on 06/16/2010 2:53:43 PM PDT by sailor4321
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

Wake up Man! The law is whatever Obama says it is.


24 posted on 06/16/2010 2:55:24 PM PDT by rbg81 (DRAIN THE SWAMP!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007
This guy gets the job of deciding who gets how much of the $20 billion:

wsj.com/deals/2010/06/16/ken-feinberg

Or so they say. Who knows who tells Feinberg what to do.

25 posted on 06/16/2010 2:56:24 PM PDT by Brugmansian
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

It is a fair point and exactly on target. BP is in a bad situation.

What would public opinion have been if BP had refused? What would be the cost of the backlash? What rumors of bankruptcy etc. flying around....

It was White House black mail that happened today.


26 posted on 06/16/2010 2:58:20 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brugmansian

Just how the decisions will be made and by exactly whom is yet to be decided. This guy will run the organization. I doubt he’ll be deciding whose boat gets painted and whose doesn’t ...


27 posted on 06/16/2010 3:00:29 PM PDT by sailor4321
[ Post Reply | Private Reply | To 25 | View Replies]

To: Rufus2007

Nothing like shaking down major companies for cash just like they have done with the American people.Evil government crooks at work and much worse than any MOB!They should be in jail for blackmail!


28 posted on 06/16/2010 3:02:06 PM PDT by taxtruth (Something really stinks In The Federal Government/Mafia and I think it's BO!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

The Kenyan Clown has been a shakedown artist since his community agitator days.


29 posted on 06/16/2010 3:04:21 PM PDT by snowsislander (In this election year, please ask your candidates if they support repeal of the 1968 GCA.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sailor4321

Yeah...they’ll have layer and layers of people so no one can track quid pro quos.


30 posted on 06/16/2010 3:04:35 PM PDT by Brugmansian
[ Post Reply | Private Reply | To 27 | View Replies]

To: Rufus2007

This is an imperial presidency far beyond anything Richard Nixon imagined.


31 posted on 06/16/2010 3:12:51 PM PDT by jimfree (In 2012 Sarah Palin will continue to have more relevant quality executive experience than B. Obama.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007
BP is paying tribute to the emperor, pure and simple. What isn't so pure or simple is the precedent that has now been set. Say Toyota had their problems today, after BP? Say Whirlpool microwaves start exploding around the country? Say a natural gas fired electrical plant blows up near a large population center? Or how about Green Giant having a bunch of ecoli in their spinach?

Once it is OK for companies to held up for reparations to the "public" (the public in this case is really the government, who will determine who amongst the public gets a cut) for their actions, not just for a cleanup but for financial harm or inconvenience then Katy bar the door.

This is one essential ingredient of fascism...that political rulers can shake down private companies, regardless of the law.

32 posted on 06/16/2010 3:14:08 PM PDT by Scott from the Left Coast
[ Post Reply | Private Reply | To 1 | View Replies]

To: A CA Guy
Maybe the deal capped the liability as well at 20B.

That would also be illegal since Congress passes laws regarding the caps of liabilities in the Gulf. The prez is not allowed to legislate, at least until now.

33 posted on 06/16/2010 3:24:48 PM PDT by drangundsturm
[ Post Reply | Private Reply | To 8 | View Replies]

To: Rufus2007

The “us” government is nothing short of lawless.There is no law in amerika but mob law.


34 posted on 06/16/2010 3:26:58 PM PDT by taxtruth (Something really stinks In The Federal Government/Mafia and I think it's BO!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rufus2007

Come on in, the water's fine!

Obama oblivious gulf oil spill


Uploaded with ImageShack.us

35 posted on 06/16/2010 3:27:55 PM PDT by Bon mots
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sir Gawain
WAKE UP AMERICA...

A short YouTube Video -- "The UnCola Prez"


36 posted on 06/16/2010 3:30:38 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
[ Post Reply | Private Reply | To 5 | View Replies]

To: KEmom

Would you be as furious as a secured creditor of Chrysler or GM? He’s done it before.


37 posted on 06/16/2010 3:32:19 PM PDT by Former Proud Canadian (How do I change my screen name now that we have the most conservative government in the world?)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Brugmansian

That would most certainly happen without BP involvement. We have yet to see just what that involvement will be, however...


38 posted on 06/16/2010 3:40:24 PM PDT by sailor4321
[ Post Reply | Private Reply | To 30 | View Replies]

To: mellow velo
“...Lovin’ it! The honeymoon is over. Obama is toast!!
I wonder how long it'll be before some of his sealed past conveniently starts to leak out?!...”

Just change “dictator” to “dick taster” and you have obama’s hidden past...

39 posted on 06/16/2010 3:43:06 PM PDT by chadwimc (Proud to be an infidel ! Allah fubar !!!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: rbg81

Yeah all the laws went out the window on the GM and Chrysler bankruptcy when the Baraqqis torched the bondholders in favor of the UAW.

If we can elect a Rep majority in the House in Nov, they will spend the next two years investigating all the wrongdoings.


40 posted on 06/16/2010 3:45:14 PM PDT by nascarnation
[ Post Reply | Private Reply | To 24 | View Replies]

To: A CA Guy

Thats what I am wondering as well. Supposedly it has been reported that BP was putting up 20B to settle claims last week.

If BP did infact cap their liability at 20B they may have save hundreds of Billions in Litigation costs and settlements.

IT only took 20minutes to discuss. BP had to get something in return. They still have a board of directors and stock holders to answer to as well.


41 posted on 06/16/2010 3:52:50 PM PDT by Bailee
[ Post Reply | Private Reply | To 8 | View Replies]

To: Rufus2007
Here's the full text of President Obama's speech about the BP disaster/gusher in the Gulf of Mexico ... from a FReeper thread ...

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


42 posted on 06/16/2010 3:53:31 PM PDT by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
[ Post Reply | Private Reply | To 1 | View Replies]

To: driftdiver

Headman, Dear Leader, and Chief Asskicker by the Divine Right of Marx.


43 posted on 06/16/2010 3:53:37 PM PDT by dogcaller
[ Post Reply | Private Reply | To 4 | View Replies]

To: Rufus2007

Obama wants to get his hands on the inevitable trust fund as a perpetual self funding community organizer slush fund.

Obamacrats will kneecap the BP execs who do not go along.


44 posted on 06/16/2010 3:54:36 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kansas58

who are the trustees/fiduciaries of the trust?

how long will the trust last?

is this like the NY toll system?


45 posted on 06/16/2010 3:57:23 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 15 | View Replies]

To: snowsislander
The Kenyan Clown has been a shakedown artist since his community agitator days.

Just like Jessy Jagson. He must have taken lessons from the Revvvverrrron.

46 posted on 06/16/2010 4:42:46 PM PDT by Pit1 (Not illegal immigrants. They are CRIMINAL BORDER CROSSERS.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Bailee

Like, for example, when do they get the expense for the fund (which will take 3 1/2 years to fund)? Wanna bet its immediate?

And, as some one else asked elsewhere, what are the full details of the fund provisions and just how will claims be processed?


47 posted on 06/16/2010 6:19:26 PM PDT by sailor4321
[ Post Reply | Private Reply | To 41 | View Replies]

To: Former Proud Canadian

“Would you be as furious as a secured creditor of Chrysler or GM?”

HECK, YES!!! I’m furious over his agenda to kill the private sector overall.


48 posted on 06/17/2010 7:32:40 AM PDT by KEmom (Proud to be a Mama Grizzly!!!)
[ Post Reply | Private Reply | To 37 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson