Thursday, June 17, 2010

Comrade Obama Attacks Constitution



Good old Joe -- always looking out for the big people. It's a tough job, but someone has to do it.

Meanwhile, the ever-reliable Michele Bachman warned that the escrow account is a "redistribution-of-wealth fund" that could encourage "perpetual unemployment" among all those lazy Cajuns who presumably don't have the same work ethic as laconic and diligent Minnesotans. After warning of $9-a-gallon gas, she belched forth this wonderfully paranoid non sequitur:
If there is a disaster, why is it that government is the one who always seems to benefit after a disaster, and that’s of course what cap-and-trade would be.
Teabagger leader and former Texas congressman Little Dick Armey -- well remembered for his relentless and courageous attacks on the Bush Administration's daily trashing of the Constitution -- accused President Obama of illegally usurping authority and suggested that the whole matter would be better handled by tying up the court system for years. As an example, he cited approvingly something that can only come under the heading of Frivolous Law Suit.

While the Republican Study Committee called the escrow account a "Chicago-style shakedown," Mississippi governor Haley "Cunnel" Barbour wondered plaintively, ""If they take a huge amount of money and put it in an escrow account so they can't use it to drill oil wells and produce revenue, are they going to be able to pay me us?" And, the usual gang of idiots decided that the escrow account is nothing but a slush fund.

American voters might ask themselves a couple of questions:
  1. Do they really want politicians who think that the ultimate test of the American Way means forcing individuals harmed through no fault of their own to fight years-long court battles against a $300 billion transglobal corporation with endless resources?
  2. Do they really want to vote for people stupid enough to say this stuff?
The foolishness is everywhere, though. Apologies for not having the link to the Firedog Lake blogger who complained bitterly that President Obama had negotiated the escrow account (and, presumably, the $500 million fund for illnesses caused by the spill, the $100 million dollar fund to compensate rig workers laid off by the moratorium, and the delay in dividend payouts) instead of just seizing the money, never mind that this couldn't get past a federal court in Vermont. Nope, it all proves that Obama is a tool of Big Oil.

One lawyer doesn't think so:
The 20 billion fund should be viewed as a huge accomplishment for Obama. He had no actual power to compel that aside from moral suasion and the threat of having an unhappy president. Legally, BP could have just waited for the lawsuits and drawn the whole thing out for years. As a lawyer, I find it a unique and mind-boggling accomplishment...

Tony Hayward takes the Fifth (or whatever it is in Britain)...

Early summertime from the parking garage roof, bank building on Prytania...

Republicans along with DINO Ben Nelson and that malignant Connecticut toad Joe Lieberman spill boiling oil on the jobless victims of Bushonomics...

The great E. J. Dionne says "Democrats: You're kicking butt. Why the long faces?" The culture of complaint that infects so much of progressivism is one reason...

5 comments:

Christine H. said...

There was an article in the NY Times today, discussing the canceled dividend payment for BP shareholders. The first part of the article reads: "If you own BP shares and rely on the dividends for your retirement income, you now matter less than shrimp boat owners and tourism workers in the Gulf of Mexico, Ron Lieber writes in The New York Times."

Well, guess what? I am a BP shareholder. I never bought the stock, but I did inherit it. I was going to sell it this year to finance the new roof that we desperately need. That will not happen. But, I do not see myself in the same boat (no pun intended) as shrimpers and Gulf residents. As a stockholder, I have elected to take the risk and I am, in a way, also responsible for the disaster. The Gulf residents were minding their own business; they should be fully compensated. The government should not have to step in to take care of this, but they do. The escrow account is the first step in the right direction.

K. said...

That's awfully big-hearted, Christine.

I've been ambivalent about the dividend matter for just this reason. I'm not 100% convinced that the risk undertaken by shareholders includes the possibilities of negligence and fundamentally unsafe practices -- those differ greatly from market fluctuations or changes in demand. I suspect there's the makings of a class-action lawsuit, especially if the share price remains depressed.

Roy said...

I think it's a testimony to President Obama's moral stance and persuasive powers that BP is shelling out all that money to deal with their spill. The usual cranks are yelling only because the escrow fund takes away from the money BP had set aside to bribe them to do its bidding.

Re: the failed jobless bill... Yeah, the Republicans are convinced that us victims of the trashed economy are really only useless layabouts. I'd really like to see Lieberman in my position; revenge would be oh so sweet!

tnlib said...

I've been wondering what old Joe has been up to. Now I know - figuring out ways to eff the public. Should have known.

Read and bookmarked Dionne's article. Can use it for a future post.

Barry Knister said...

Hats off to stockholder Christine. It's nice to hear from someone with a firm, grownup's grasp of reality.
If Democrats can't ride Barton all the way to November, they don't deserve to win. How I wish Congressman Alan Grayson had been on that panel!