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Economy
Obama to demand boodle from BP
2010-06-14
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

#4  ION NEWS KERALA > GULF OIL DISASTER "IS US' ENVIRONMENTAL 9-11", SAYS OBAMA.

Also, FREEREPUBLIC > BP OFFICIAL ADMITS TO DAMAGE BENEATH THE SEA FLOOR.

ARTIC > IIUC, BP is trying hard NOT to say that attempts to repair perceived significant damage to rig equipment located or emplaced below the sea-floor/bed RISKS DIVERTING THE GUSH TO WEAK OR LEAKING FISSURES IN THE OIL FIELD SUCH THAT
THE THE FIELD'S NATURAL GEOLOG CONTAINMENT WILL EXPAND DUE TO EXCESSIVE PRESSURES, CRACK OR WIDEN, ETC. + RESULT IN NEW LEAKS = GUSHES ELSEWHERE OF STILL-UNKNOWN/INDETERMINABLE MAGNITUDE, like filling too much air into a balloon + risking an explosion???

ergo?

SAME > GULF OIL BLOWOUT MAY LAST 30 YEARS.

* D *** NG IT, MORIARITY, ARROGANT FASCIST MALE BRUTES OF AMERIKA DEMAND OUR OWG SOCIALIST-GOVTIST RIGHT TO "NATIONAL-UNIVERSAL" REGRESSION, TO BE "PERMANENTLY POOR BUT OPTIMISTIC" IN RIGHTEOUS "GLOBALIST" INDIGNATION, + WE'RE NOT TAKING "NO" FOR AN ANSWER!

BECUZ NUTHUIN SAYS "STARFLEET" + "SPACE FEDERATION" + "JETSON-IAN" THAN RIDING OUR GPS-EQUIPPED HORSES + MICROWAVE-EQUIPPED COVERED WAGONS TO OUR PART-TIME-OR-LESS, MINIMUM-WAGE WALL STREET JOBS!

Lest we fergit, 1990's NET > SUPPORT YOUR LOCAL [Futurama] DEATH/SUICIDE CHAMBER + SOLYENT ORANGE DRINKS, ETC. D *** YOU!

" "AIRPLANE" Movie > "POINT COUNTERPOINT" > THEY BUILT THAT OIL RIG FAR-N-SQAR - I SAY, LET IT GUSH!
Posted by: JosephMendiola   2010-06-14 20:42  

#3  I first laughed when Obama took this on as 'his' disaster. But who is the only 'one' who could have (temporarily) lifted all the bureaucratic obstacles to a swift cleanup?

But that would've wasted a good crisis.
Posted by: Bobby   2010-06-14 07:10  

#2  It will go to AmeriCorp. To try to shine up their debute as a role in the cleanup. He's just waiting for the damage to be done first.
Posted by: wt   2010-06-14 01:11  

#1  Can't trust Dear Leader with a "reserve fund". It will be spent on Obama's bereaucratic cronies. A decent President would get people cleaning up this mess and present the bill.
Posted by: wt   2010-06-14 01:09  

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