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Obama to demand boodle from BP
President Barack Obama plans to demand that British Petroleum (BP) sets up a reserve fund to pay for damages caused by the Gulf of Mexico oil spill. Obama is to announce the creation of the fund in an address to the American people on Thursday, White House adviser David Axelrod told NBC's "Meet the Press" Sunday.
"Put your money in this great big pot. I'll dole it out for you."
The move comes as Obama faces criticisms on his handling of the disaster, which has been dragging on for 55 days.
Grabbing for the boodle is handling something...
Obama plans to discuss the issue in a Wednesday meeting with BP officials after he returns from a visit to the Gulf to assess cleanup efforts, Axelrod said.
What's Bambi going to do when BP says 'no'?
He also revealed that Obama's administration wants a third-party, rather than BP, to manage distribution of the clean-up fund.
Betcha they've got a "third party" all picked out and waiting, too. Probably lives in Chicago.
"We want to make sure that money is escrowed for the legitimate claims and that the money would be independently administered to ensure it is disbursed in a timely fashion."
Hey look! A new job for ACORN!
Or one of Mr. Daley's friends.
On Saturday, the US Coast Guard reportedly gave BP two days to come up with better plans to properly address the oil spill.
Or else what?
Or else they'll give 'em another ultimatum next week.
Posted by: Fred 2010-06-14
http://www.rantburg.com/poparticle.php?ID=298848