"President Barack Obama wrested a $20 billion compensation guarantee and an apology to the nation from British oil giant BP Wednesday, announcing the company would set up a major claims fund for shrimpers, restaurateurs and others whose lives and livelihoods are being wrecked by the oil flooding into the Gulf of Mexico."
Applause broke out during a community meeting in Orange Beach, Ala., on the news. "We asked for that two weeks ago and they laughed at us," Mayor Tony Kennon said. "Thank you, President Obama, for taking a bunch of rednecks' suggestion and making it happen."
Yeah, right. They laughed at you? The president has been talking about this 20 billion love nest for some time now. He wasn't thinking about you when he was grilling the BP execs. I'm sorry to say he didn't take your suggestion, as you are suggesting Mayor Kennon, though sucking up to the president did manage to get you some face time on national media and a mention in this worthless AP piece.
"Obama had said he would "make BP pay," and the company's chairman said after four hours of intense White House negotiations that BP was ready."
What did you expect BP to say? Go screw? BP had a gun held to their head, and this bozo writing for the AP thinks its time to celebrate. Look, just read a little farther down in your own article and you'll get it:
"In yet another jab at BP, the deal was made public by Obama aides even while the much-anticipated White House confrontation was under way."
"The deal also adhered to what Obama had said was his non-negotiable demand: that the fund and the claims process be administered independently from BP. It won't be a government fund, either, but will be led by the administration's "pay czar,"
Oh, great. Another pile of money under the control of another of the administrations czars. That is sure to result in an equitable distribution of funds.
By the way, I hope you are not heavily positioned in BP.
"Svanberg announced the company would not pay dividends to shareholders for the rest of the year, including one scheduled for June 21 totaling about $2.6 billion. "
I guess of all the little guys this president is working hard for, the little guys that invested or had jobs through BP are just too little.
"So far, 66,000 claims have been filed, $81 million awarded and 26,000 checks cut, said Coast Guard Admiral Thad Allen."
So far, we have Coast Guard admirals reduced to reporting on claims made and pay out checks cut.
What in the world?!