While the Obama administration managed to get a $20 billion commitment out of BP to cover spill victims wages and clean up costs, they didn’t think it was enough. They wanted BP to pay the cost of Obama’s drilling moratorium.
BP successfully argued it shouldn’t be liable for most of the broader economic distress caused by the president’s six-month moratorium on deep-water drilling in the Gulf of Mexico. And it fended off demands to pay for restoration of the Gulf coast beyond its prespill conditions. – Wall Street Journal
Just another classic example of Obama trying to pass the buck.
Make Obama Follow His Own Rules
If BP should be required “to pay for restoration of the gulf coast beyond prespill conditions,” then Obama should be required to pay for the restoration of the economy beyond pre-Obama conditions. His threats of higher taxes and government handouts caused businesses to circle their wagons so they could wait and see what to do next. And that brought our economy to the greatest slow down since the Great Depression.
The cost of the damage Obama has caused to the US economy is many times the cost of the damages caused by BP.
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