Quote:
Originally Posted by mynameisjim
He was hoping that statement would resonant with all the tea party types. But it backfired.
There was no shakedown here. Corporations fuck everyone and then they tie it up in the courts for years and years. Obama actually got a company to pay up front for the first time in history as far as I can recall. I don't like how Obama has handled this whole spill, but getting a company to pony up the money up front was a MAJOR accomplishment. Otherwise, these blue collar fisherman would have to go to court against a corporate giant. Not only that, by the time the settlements were handed out, the lawyers make more than the fisherman.
Look at the Exxon spill. those people are just getting their payouts now.
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what do you think obama did to get them to pony up? any guesses? my guess is bp crunched the #s pre-meeting and had already planned to put the money in escrow. and now, guess what, bp can close the books on it and get all the publicity of doing the right thing forced upon them by obama.
could be wrong, but i find it difficult to believe that in the span of a 20 minute meeting, the $20b was thrown out by obama and bp execs huddled up and then said ok, we'll cave.