
Wow, just wow. What can you say about this? Joe Barton, R-Texas, who is the ranking Republican on the House Committee on Energy and Commerce, apologized to BP today!
He called the $20 billion escrow account agreed upon with President Obama yesterday "a tragedy" and said he was "ashamed" of it. Unbelievable. |
He might as well have said "Thank you to the oil and gas industry for giving me $100,000." |
Apparently, Fox News cut Barton's apology out of it's coverage of the hearing. So, the Foxbots aren't going to know this happened. Well, maybe a chain email will come along to tell them. They seem to put full confidence in any email that is forwarded to them.
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Yeah, I really hope we haven't Tony Hayward's year by giving him such a hard time. I hear he wants his life back. |
http://www.sodahead.com/united-states/how-george-bush-joe-barton-dick-cheney-and-tom-delay-caused-the-gulf-oil-spill-and-made-sure-bp-wi/question-1050475/
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I watch Fox and I was in the loop, so maybe someone else was misinformed. Look, DOJ threatens to take you down, Obama says pony up 20B before we sue you... I get Barton's apology. Has there been ANY indication BP would not make their legal obligations without strong arm tactics? I get both sides, this is more than a little un-Presidential and seems to some, including apparently Congressman Barton, to be just a bit more than overbearing. BP is going to pay, grandstanding or not |
Wait! The Republican leadership has forced him to apologize for his apology!
http://www.msnbc.msn.com/id/37759828/ns/disaster_in_the_gulf/
His mistake wasn't in sucking up to big oil. It was doing it on camera. |
This is precisely what the President should be doing. This disaster affects the environment and economy of multiple states and was caused by a foreign company. Who do you propose should have taken the responsibility of dealing with BP? A quorum of state governors? The faceless DOJ? The attorney general? This matter is squarely in the federal executive branch's court.
Requesting/Requiring a company as large as BP to set aside $20 billion is, if anything, too little. That amount of cash will barely affect the company and will likely not be enough to pay out the damages caused.
Sure, because things always go well when we just trust large corporations. ![]() |
"Anonymous wrote: BP is going to pay, grandstanding or not"
I'm always amazed at how people do not understand business. A company has a responsibility to its shareholders to make as much profit as possible. It doesn't have a responsibility to the environment or people in a fishing town just the bottom line. There is nothing evil about this it simply is what it is. Regulations, laws and the market all work to create some boundaries to control damage and bring better, safer products to the market. It would be irresponsible for BP to not fight every claim or employ legal tactics to delay any pay out to anyone to address the damage. The gov't was smart to push to have this fund set aside as it will provide faster relief to individuals who have suffered losses. BP was not exactly an innocent victim here of shakedown. They have a massive PR problem and they have been making it worse. They could never have just decided to put this money aside and they would kill their PR if they keep avoiding compensating people. This way they can tell shareholders they were forced and would never have done this if worse conseuqences were not facing them while at the same time trying to repair some of their image by saying they put up no objection to establishing the fund. |