The 20 BBBBillion Shakedown

Discussion in 'Environment' started by Contumacious, Jun 19, 2010.

  1. Contumacious
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    Contumacious Radical Freedom

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    About That $20 Billion

    by Jim Davies

    I was very disappointed to hear how the D.C. Mafia had subjected BP to what the possibly vertebrate Joe Barton (R-TX) called a "shakedown" for $20B to compensate those hurt by its oil spill, but had also made the company agree not to cap that sum (meaning the bill may be higher yet) and to let a government nominee administer the payments (meaning it is almost sure to be higher yet). Coupled with yet more apologies outside the White House, and inside Congress to the monotonously loathsome Henry Waxman (D-CA), this looked like an abject capitulation; for it has not yet been established that BP is even to blame for the spill, and the law – which government wrote – limits its liability anyway to $75 million. That was the basis on which BP hunted for oil, and on which its owners invested their money. Now that it has voluntarily exceeded that limit by a factor of at least 267, who can ever trust its word again?

    The word of the Company, that is. The word of government has long ago been recognized as worthless, for if it finds any of its laws inconvenient (like the one that taxes the income only of those made legally "liable" for it) it will simply ignore them and do what it wants. We know that. But BP is not government. Is it?"


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  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    $20 Billion??

    Its just the tip of the iceberg. BP will pay out a hell of a lot more before this one is finished

    Great job by Obama don't you think?
     
  3. Contumacious
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    Contumacious Radical Freedom

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    "but had also made the company agree not to cap that sum (meaning the bill may be higher yet) and to let a government nominee administer the payments (meaning it is almost sure to be higher yet)."

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  4. Care4all
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    Care4all Warrior Princess Supporting Member

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    I do not believe BP was FORCED to do this....it is in BP's best PR interest and BP agreed to this BEFORE obama went on the air about it....heck, this could even be BP's PR marketing firm that suggested it.

    So far, BP has been on the up and up since the accident, minus a couple of blips. They know they have to be this way, because the whole world can end up hating them for destroying the gulf, and atlantic coast lines if this continues....
     
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  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Obama :clap2:
     
  6. Contumacious
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    Contumacious Radical Freedom

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    "for it has not yet been established that BP is even to blame for the spill, and the law – which government wrote – limits its liability anyway to $75 million. That was the basis on which BP hunted for oil, and on which its owners invested their money. Now that it has voluntarily exceeded that limit by a factor of at least 267, who can ever trust its word again?"

    .:eek:
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I can't wait! When we win it back and some Lib group fucks up, we're gonna own them!
     
  8. sangha
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    sangha Senior Member

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    And for all the angst and anger, the conservatives in congress, which idiots like you will continue to vote for, are too cowardly to do anything about it. They will roll over like the little bitches that they are

    [​IMG]
     
  9. Old Rocks
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    Old Rocks Diamond Member

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    Ah yes. the well being of a trans-national corperation is so much more important than the well being of American Citizens. What a bunch of fecal eaters you Conservatives that take this stand are.
     
  10. jillian
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    jillian Princess Supporting Member

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    the nutters have warped priorities.
     

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