June 21, 2010
Key quote:
Finally, there's the $20 billion escrow fund that Obama pried out of the BP treasury at the White House when he talked for the first time, 57 days after the rig exploded, with BP Chairman Tony Hayward. It's pleasing to think that those injured by BP will be paid off speedily, but House Republican Joe Barton had a point, though an impolitic one, when he called this a "shakedown."
For there already are laws in place that ensure that BP will be held responsible for damages, and the company has said it will comply. So what we have is government transferring property from one party, an admittedly unattractive one, to others, not based on pre-existing laws but on decisions by one man, pay czar Kenneth Feinberg.
I've had a simple political guide for years that's yet to fail me. Whatever Barone says? I'm going to assume his evaluation is correct until proven otherwise. So. Yeah. It was a shakedown. And someone other than a pundit needed to say so. If anyone else wants to consider me a political naif for adopting that position? Well. FYNQ.
Posted by: alexthechick at
09:32 AM
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