Strictly from a politic point of view this is too much.
If you or me dump a can of oil in Boston Harbor, I guarantee you we get hosed.
But Barton labels the recompensation of livelihoods and income a shakedown? They made 60 Billion in profits last year, it’s not as if they cannot afford the costs of their criminality - the deaths, the despoiling of the waters and the land.
Lord, the GOP at its stupidest.
I hope to God that the house leadership was on the phone to Barton within the hour telling him to shut up or they will cut him off.
But probably not.
+1
BP did NOT make $60 billion in profit last year, FOX Business has thoroughly discussed the company and their profit was $16 billion.
Wow- lots of money yeah? Have you checked out their EPS?
They are borrowing $5 billion a year for this slush fund. Which without caps, checks or balances, will leak dollars faster than that well is leaking oil.
Obamas pay czar Feinberg, managing that fund and paying claims, is gonna be about as independent as some guy’s ex-wife’s father managing her unlimited alimony fund.
Take all of their profit and BP dies. They fold. They cannot stay in business. No one wants to invest. There is no money to put back into operations.
Like taking all the food from the golden goose and kicking it to keep laying golden eggs. But hey, after the goose dies you can roast it and have one final good meal. Then you live on govt cheese.
By the time congress and obama get done with BP they will be done. That is the conclusion of Cavuto. Obama has BP
paying unemployment checks to every drilling rig worker in the Gulf and they are unemployed because OBAMA SHUT THEM DOWN.
By 2012 or sooner you’ll get to pay for the damage.
The principle is that US Presidents do not demand slush funds in exchange for letting private conmpanies do business