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Politics : Sioux Nation

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To: Wharf Rat who wrote (194015)	6/17/2010 1:48:30 AM
From: Wharf Rat	Read Replies (1) of 361850

LMAO..talk about out to lunch... Here is a response to the escrow account deal obama engineered from 115 house republicans (the Republican Study Committee): __________________ Chicago-Style Political Shakedown Washington, Jun 16 - Republican Study Committee Chairman Tom Price (R-GA) issued the following statement after the White House announced it had reached a deal with BP to require the oil company to place $20 billion into an escrow fund to pay claims filed against the company in the wake of the Gulf oil spill. “We all agree that BP should be held fully responsible for its complicity in the oil tragedy in the Gulf,” said Chairman Price. “In fact, BP has already begun paying claims. Any attempt by the company to sidestep that responsibility should be met with the strongest legal recourses available. However, in an administration that appears not to respect fundamental American principles, it is important to note that there is no legal authority for the President to compel a private company to set up or contribute to an escrow account. “BP’s reported willingness to go along with the White House’s new fund suggests that the Obama Administration is hard at work exerting its brand of Chicago-style shakedown politics. These actions are emblematic of a politicization of our economy that has been borne out of this Administration’s drive for greater power and control. It is the same mentality that believes an economic crisis or an environmental disaster is the best opportunity to pursue a failed liberal agenda. The American people know much better.” rsc.tomprice.house.gov ___________________________ Oh, well, I guess we better give the money back then and let the lawsuits proceed. I would not want a workable compromise to ruin all the fun. (Not to mention that this exact same type of fund would almost certainly have resulted from a class-action lawsuit after all the cases were consolidated. That would have taken months at minimum going through the courts, and only after BP was found liable or admitted liability, so probably maybe years.) syncro on June 16, 2010 - 7:25pm in theoildrum.com

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