GOP Representative to BP exec: "I apologize"

#2
#2
meanwhile 2 months into it and the head Dem has yet to make a dent in the crisis. Yep, this is definitely important stuff
 
#3
#3
Dumb statement but I'm not entirely unsympathetic to his point of how the Feds forced this on private company.
 
#4
#4
Is he wrong?

"I do not want to live in a country where any time a citizen or a corporation does something that is legitimately wrong is subject to some sort of political pressure that is — again, in my words, amounts to a shakedown," Barton said. "So I apologize."
 
#5
#5
volinbham said:
Dumb statement but I'm not entirely unsympathetic to his point of how the Feds forced this on private company.
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it's not like there are laws on the books to deal with this stuff....:question:
 
#7
#7
orangeblooded2 said:
If they don't get it capped. Another 5 billion, say every 30 days will be in order.
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The amount may be correct but what is the authority under which putting this into an escrow account is ordered? Does the POTUS automatically have this power?

Listen, I want BP to pay for everything but it's odd that we can dispense with law and authority to extract money from BP but have to enforce life jacket rules for oil sucking barges. :blink:
 
#8
#8
putting it in an escrow makes it 0% more likely anything will get paid. it was purely a political move.
 
#10
#10
"to be administered by the government"

my understanding was the gov't had no control over the fund,.
 
#11
#11
volinbham said:
Dumb statement but I'm not entirely unsympathetic to his point of how the Feds forced this on private company.
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droski said:
Is he wrong?

"I do not want to live in a country where any time a citizen or a corporation does something that is legitimately wrong is subject to some sort of political pressure that is — again, in my words, amounts to a shakedown," Barton said. "So I apologize."
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The guy was clearly trying to liken it to the bailouts and stimulus funds. In that regard, epic fail.

Haven't looked, but I'd wager this guy was three days before hand *****ing up a storm that Obama hadn't done anything. So of course when he does, its a shakedown?

What a tool.

Glad to see the GOP leadership came in and stomped him back into his corner.


volinbham said:
The amount may be correct but what is the authority under which putting this into an escrow account is ordered? Does the POTUS automatically have this power?

Listen, I want BP to pay for everything but it's odd that we can dispense with law and authority to extract money from BP but have to enforce life jacket rules for oil sucking barges. :blink:
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droski said:
putting it in an escrow makes it 0% more likely anything will get paid. it was purely a political move.
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If you don't think that was all ironed out and agreed to before Obama's speech the night before the meeting, you need help.

Think about it: Obama points to it as proof he is acting to help people and BP gets to give the impression they are committed to doing the right thing. Everybody wins. I guarantee this was worked out well in advance of the speech and the meeting.
 
#13
#13
lawgator1 said:
If you don't think that was all ironed out and agreed to before Obama's speech the night before the meeting, you need help.

Think about it: Obama points to it as proof he is acting to help people and BP gets to give the impression they are committed to doing the right thing. Everybody wins. I guarantee this was worked out well in advance of the speech and the meeting.
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your point being what exactly? you don't mind pointless political posturing?
 
#15
#15
joevol320 said:
he's absolutely truthful and you know it lawgaytor. 'the muslim' did do a shakedown and threatened them with his thug Holder. it's no different than the mafia.
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You lose credibility when you insist on referring to Obama as "the muslim."
 
#16
#16
IPorange said:
You lose credibility when you insist on referring to Obama as "the muslim."
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he's more of a muslim than a christian or American for that matter, and that is the truth. However, facts are facts. this guy did shakedown BP or the AG was going after them hard.
 
#18
#18
lawgator1 said:
If you don't think that was all ironed out and agreed to before Obama's speech the night before the meeting, you need help.

Think about it: Obama points to it as proof he is acting to help people and BP gets to give the impression they are committed to doing the right thing. Everybody wins. I guarantee this was worked out well in advance of the speech and the meeting.
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How do you think it was worked out? Before or after the speech is irrelevant. The question is how voluntary the action was.

If it weren't an Obama trend (see previous actions without prior authority) I be less concerned about it.
 
#19
#19
on the scale of things to get outraged about this is a 2 or 3. the gm screwjob to the bondholders was a 10+ in my book.
 
#20
#20
droski said:
on the scale of things to get outraged about this is a 2 or 3. the gm screwjob to the bondholders was a 10+ in my book.
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why protect the bondholders when there's a proletariat out there that needs to be protected from the ravages of the capitalist leviathan?
 
#22
#22
droski said:
on the scale of things to get outraged about this is a 2 or 3. the gm screwjob to the bondholders was a 10+ in my book.
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agree. I'm only bringing it up as context for the OP. He does have a point but his delivery was badly bungled.

Longer term, we see a president that has no qualms about messing with private industry regardless of authority so long as it suits his agenda.

And people referred to W. as "King George" :blink: Obama has yielded none of the exec power George grabbed and doubled down on it.
 
#23
#23
droski said:
your point being what exactly? you don't mind pointless political posturing?
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I didn't say I thought the escrow fund was a good idea or a bad one. I'm just saying politically it makes a lot of sense for both Obama and BP.




joevol320 said:
he's absolutely truthful and you know it lawgaytor. 'the muslim' did do a shakedown and threatened them with his thug Holder. it's no different than the mafia.
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You are just beyond help at this point.


volinbham said:
How do you think it was worked out? Before or after the speech is irrelevant. The question is how voluntary the action was.

If it weren't an Obama trend (see previous actions without prior authority) I be less concerned about it.
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I wouldn't fall out of my chair if it was BPs idea in the first place.
 
#25
#25
droski said:
on the scale of things to get outraged about this is a 2 or 3. the gm screwjob to the bondholders was a 10+ in my book.
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who do think is getting screwed by this? the bp stockholders. when bp goes bankrupt, who's going to take it over. 'THE MUSLIM'S' government, they'll get BP and the stockholders will be screwed again. i would say this will be close to a 10+ too. a shakedown and a take over, gotta the thug left.
 
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