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Joe Barton retracts apology to BP

justabubba said:
you must be chiming in late as your post does not follow
the assertion has been made that Obama's administration has been in violation of the law and has shaken down BP
an assertion which is not backed by any evidence or a point of law for which the administration is guilty of violating
in short, the wingers do not like it that Obama realized a substantial political coup when he was able to convince BP that they need to pony up funds now to pay for the first $20 billion of damages they have caused
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Perhaps you should actually read my post, then comment upon it.

the wingers do not like it that Obama realized a substantial political coup when he was able to convince BP that they need to pony up funds now to pay for the first $20 billion of damages they have caused
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Now? You are aware that the money will be paid in increments, over three years. Yes? That's a long time to wait to get relief money. I don't know of a bill collector that will give you three years, before he repo's your ****. A, "coup"? Hardly, sir!

Three years is plenty of time for this money to get lost in the mix and be re-routed to union bailouts, campaign financing, turtle tunnels and other **** that Leftists like to waste money on.

There's a specific pattern that I see with Liberals. They don't understand that just because something is the legal thing to do, doesn't mean that it's the right thing to do.
 
apdst said:
Perhaps you should actually read my post, then comment upon it.



Now? You are aware that the money will be paid in increments, over three years. Yes? That's a long time to wait to get relief money. I don't know of a bill collector that will give you three years, before he repo's your ****. A, "coup"? Hardly, sir!

Three years is plenty of time for this money to get lost in the mix and be re-routed to union bailouts, campaign financing, turtle tunnels and other **** that Leftists like to waste money on.

There's a specific pattern that I see with Liberals. They don't understand that just because something is the legal thing to do, doesn't mean that it's the right thing to do.
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and it appears you are without an understanding of fundamental financial matters

those who are victims of this tragedy will be able to file claims as soon as the apparatus for processing those claims is pulled together
the payout cannot be immediate because the infrastructure to commence processing the claims is not in place

once the claims are processed those claims will be paid out of the monies BP has escrowed for this purpose
if the amount of the claims exceeds the amount BP has paid in, but does not exceed $20 billion, then the government can step in and provide the capital until BP makes its next deposit into the escrow account

see how it will work
seems that is the problem for those of you who would want to disparage Obama. he has effected an interim solution for those now adversely impacted by the BP accident

if this were the shrub his "solution" would be to 'cut taxes' and to begin another war to jump start the economy
 
justabubba said:
and it appears you are without an understanding of fundamental financial matters

those who are victims of this tragedy will be able to file claims as soon as the apparatus for processing those claims is pulled together
the payout cannot be immediate because the infrastructure to commence processing the claims is not in place

once the claims are processed those claims will be paid out of the monies BP has escrowed for this purpose
if the amount of the claims exceeds the amount BP has paid in, but does not exceed $20 billion, then the government can step in and provide the capital until BP makes its next deposit into the escrow account

see how it will work
seems that is the problem for those of you who would want to disparage Obama. he has effected an interim solution for those now adversely impacted by the BP accident

if this were the shrub his "solution" would be to 'cut taxes' and to begin another war to jump start the economy
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Oh, I see. They can file claims now, but may not see their money for years. How is that going to help anyone, again?

Not surprise with the GWB whine fest at the end. :rofl

Bush isn't even prez and he's making your boy look like an idiot, everyday. I know, that must really sting the Obama-bots, bad.
 
apdst said:
Oh, I see. They can file claims now, but may not see their money for years. How is that going to help anyone, again?

Not surprise with the GWB whine fest at the end. :rofl

Bush isn't even prez and he's making your boy look like an idiot, everyday. I know, that must really sting the Obama-bots, bad.
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the victims of the BP accident can file claims as soon as the claims procedure is in place
it should become available soon, but since BP only recently agreed to escrow the $20 billion that claims process system is not yet in place

once the claims system is active, those who have sustained losses will be able to get paid
and even if they file claims for amounts greater than BP has then funded the escrow, the government can pony up the cash knowing that BP will cover those claims - for a total not to exceed $20 billion. without cost to the American tax payer

it will NOT take years for them to file a valid claim and receive restitution from the $20 billion escrowed
this assures that BP will cover the initial claims, at least to the amount of $20 billion

and for some reason, those wingers - the ones who normally whine about government spending - are actually complaining because the company responsible for this maliase, BP, is stepping up and taking responsibility for the result of the calamity that oil company caused
those wingers either would prefer the government cover the expense of those claims, or expect the claimants to realize nothing to cover their losses
as with your posts, that makes no sense
 
ADK_Forever said:
They're way behind the demand. People and businesses have bills piling up with no income. BP is not set up to do this kind of thing. To say they were "forced" by the president to put that $20B in escrow is being very disingenuous of the big picture.
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Yes the demand is ahead of the supply and for good reason because a lot of that demand is fraudulent.
I never said forced, I said it was a political stunt because BP is already paying for everything.
I guess you never bothered to read that the $20 billion will be paid over 3 years.

ADK_Forever said:
BP knows and admitted they caused this disaster and are responsible for it. They know if they drag their feet on these payments they won't be allowed to drill in U.S. waters for a very, very long time.
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Yea so why would a fund be necessary?

ADK_Forever said:
All you right wingers make me laugh. You bitch and whine because "Obama hasn't done anything" and "Obama isn't acting presidential" and all that other crap. Yet, when he takes a stand and convinces BP that it would be in their best interests to put not $10B, but twice that amount, in an escrow fund that can be administered by a professional with a bunch of experience in doing so, you cry like a bunch of babies accusing him of overstepping his power. WTF?

You can't have it both ways.
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I never said a single thing about Obama "not being presidential" or "hasn't done anything."
I rather NO politician get in the middle of the remediation effort.

For future reference, I am center left, you and Republicans are right wing.

ADK_Forever said:
The truth is that you're all pissed because he took such a strong action and basically took all the wind out of Repubs' sails. Now, your only position is to defend big oil. No wonder you're all so po'd. :mrgreen:

Be careful what you wish for. :applaud
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It was a political stunt, which Republicans participated in.
What are you going on about?

ADK_Forever said:
Their reputation precedes them. If those people had to wait for the courts to decide on things many of them would lose their businesses, their homes and probably go bankrupt. It seems none of you rightees care about that. But, you're more than ready to take arms to defend every legal right of the responsible party here. Whose ****ing side are you on anyway? :roll:
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I'm on MY side because people like yourself forget that if they can do it to BP, they can do it to you.

ADK_Forever said:
Like I said, this will speed up payments and make them look better in those people's eyes who they have hurt. They need to do whatever they can to help their image. This is a big step in doing that.
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Speed and government are two words that don't go together. :lol:

ADK_Forever said:
They also know that regulations are going to be tightened up after this. The more they can point back to how they helped resolve this crisis, they more chances they think they might be able to get some regs not tightened as much as would happen if they hadn't bent over backwards to help injured parties.

Kudos to Obama for getting this done. :good_job:
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If political stunts impress you, you must be doing back flips daily.
 
justabubba said:
the victims of the BP accident can file claims as soon as the claims procedure is in place
it should become available soon, but since BP only recently agreed to escrow the $20 billion that claims process system is not yet in place

once the claims system is active, those who have sustained losses will be able to get paid
and even if they file claims for amounts greater than BP has then funded the escrow, the government can pony up the cash knowing that BP will cover those claims - for a total not to exceed $20 billion. without cost to the American tax payer

it will NOT take years for them to file a valid claim and receive restitution from the $20 billion escrowed
this assures that BP will cover the initial claims, at least to the amount of $20 billion

and for some reason, those wingers - the ones who normally whine about government spending - are actually complaining because the company responsible for this maliase, BP, is stepping up and taking responsibility for the result of the calamity that oil company caused
those wingers either would prefer the government cover the expense of those claims, or expect the claimants to realize nothing to cover their losses
as with your posts, that makes no sense
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Dude, BP has already been paying claims.
Read something for goodness sake.

It's so irritating when you people comment without knowing the facts. :roll:
 
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This guy is a grade A moron. He doesn't think Global Warming is real saying it is not God's will. Intriguing Mr. Barton, what is God's will since you seem to know?

Still I know the Liberal media has probably had a field day with this, I know this is just one crazy nut who just happens to be Republican though.
 
I hope the have a BS detector - a lot of people will be trying to take advantage of this situation to scheme money.
 
Harry Guerrilla said:
Dude, BP has already been paying claims.
Read something for goodness sake.

It's so irritating when you people comment without knowing the facts. :roll:
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dude, were they paying claims with an escrowed fund of $20 billion to assure claim obligations would be forthcoming?

and dude, what exactly is the existing BP apparatus to pay such claims ... the apparatus which pre-existed the mechanism to pay claims from the $20 billion in escrow

bugs me too, to have to respond rto people who know nothing about which they post
 
IMO.... BP should tell Obama to **** himself. If Obama thinks, he can do better have at it. We quit and then just pull out of the USA completely.

I have no doubt that BP is doing everything possibly to stop the oil from flowing out of the damn hole...and all the bull**** political posturing on part of Obama in the world ain't going to get the hole stopped up any faster. Obama is using the opportunity to SQUEEZE, the wealth of a major world company.
 
Harry Guerrilla said:
For anyone that is interested in the truth, here is the official BP claims page.
It has been up for quite a while because BP has been processing claims for quite some time.

Making a claim for compensation | Gulf of Mexico | BP
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Sorry, Harry, but if we really want to know the TRUTH, we need to hear directly from people who have filed claims.

Of course BP is going report back that everything is peachy, but we know that's not the way some people see it.

The truth is often in the middle.
 
Harry Guerrilla said:
Dude, BP has already been paying claims.
Read something for goodness sake.

It's so irritating when you people comment without knowing the facts. :roll:
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Isn't it, though? ;)

BP Payout Is Less Than 12% of Claims Filed, Government Report Says

Two months have passed since BP's (BP) horrific oil spill sent a wave of environmental damage and economic chaos along the Gulf Coast, but to date the oil company has paid out less than 12% of the claims filed, a House Judiciary Committee report released Friday stated.

As of Tuesday, BP had paid $71 million of the estimated $600 million in claims filed by individuals and businesses since the disaster began April 20. The Judiciary Committee is investigating BP's claims process and its effectiveness in issuing payouts to folks and business that have been damaged by the spill.
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justabubba said:
dude, were they paying claims with an escrowed fund of $20 billion to assure claim obligations would be forthcoming?

and dude, what exactly is the existing BP apparatus to pay such claims ... the apparatus which pre-existed the mechanism to pay claims from the $20 billion in escrow

bugs me too, to have to respond rto people who know nothing about which they post
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BP is paying the claims out of their bank account using a claim structure they set up.

What does it matter, if they are paying?

That escrow fund is to be paid into over 3 years.
 
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hazlnut said:
Sorry, Harry, but if we really want to know the TRUTH, we need to hear directly from people who have filed claims.

Of course BP is going report back that everything is peachy, but we know that's not the way some people see it.

The truth is often in the middle.
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Glinda just posted something, that shows they are already paying.
Maybe not as swiftly as some people want but they are paying more than the legal requirement.
 
Harry Guerrilla said:
BP is paying the claims out of their bank account using a claim structure they set up.

What does it matter, if they are paying?
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then why the opposition to setting aside $20 billion in escrow
the only basis for objection i can detect is that it made positive political press for Obama
if there is some valid objection, share it
 
justabubba said:
then why the opposition to setting aside $20 billion in escrow
the only basis for objection i can detect is that it made positive political press for Obama
if there is some valid objection, share it
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It was a political move, nothing more.
Before we start going on about partisanship, do you routinely see me criticize Obama for stupid ****?
I hope to hear the "no" answer because I leave my criticism for more serious and valid things.

BP has tons of assets, they also control the Pruhdoe Bay oil fields, which isn't something to sneeze at.
Do you honestly think they wouldn't pay the claims and clean up costs when the company receives approximately half of it's revenue from operating facilities in the U.S?

We both know that answer.
They would lose their control over multi-trillion dollar assets, if they didn't pay.
 
The USA is a big market, no doubt for BP but not the only one and the company will survive without the American market.

Trying to bury the third largest oil company on earth will cause more harm to the world economy than the damn oil spill.
 
ric27 said:
IMO.... BP should tell Obama to **** himself. If Obama thinks, he can do better have at it. We quit and then just pull out of the USA completely.

I have no doubt that BP is doing everything possibly to stop the oil from flowing out of the damn hole...and all the bull**** political posturing on part of Obama in the world ain't going to get the hole stopped up any faster. Obama is using the opportunity to SQUEEZE, the wealth of a major world company.
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I thought most conservatives were upset with Obama because he wasn't doing enough. People do have to realize though that BP is busting their balls trying to plug this thing, the quicker it is plugged the more $ they save. Simple economics and one obvious reason BP won't pack up and leave.
 
Harry Guerrilla said:
It was a political move, nothing more.
Before we start going on about partisanship, do you routinely see me criticize Obama for stupid ****?
I hope to hear the "no" answer because I leave my criticism for more serious and valid things.

BP has tons of assets, they also control the Pruhdoe Bay oil fields, which isn't something to sneeze at.
Do you honestly think they wouldn't pay the claims and clean up costs when the company receives approximately half of it's revenue from operating facilities in the U.S?

We both know that answer.
They would lose their control over multi-trillion dollar assets, if they didn't pay.
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it was a VERY smart political move
one deserving of applause instead of ridicule
the republicans opposed lifting the $75 million threshold of corporate liability
in one fell swoop, Obama looked after the interest of his citizens rather than the oil industry
that is as it should be
$20 billion, which may not have otherwise been available to the victims now will be
and the wingers are lined up in opposition because it was a positive political play by Obama ... that and bause they were giving the talking points to express opporition
 
justabubba said:
it was a VERY smart political move
one deserving of applause instead of ridicule
the republicans opposed lifting the $75 million threshold of corporate liability
in one fell swoop, Obama looked after the interest of his citizens rather than the oil industry
that is as it should be
$20 billion, which may not have otherwise been available to the victims now will be
and the wingers are lined up in opposition because it was a positive political play by Obama ... that and bause they were giving the talking points to express opporition
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BP already pledged to pay above and beyond the $75 million cap.

This was done because people said he(Obama) wasn't doing anything, which was wrong and he needed to turn the tables around to rally support for himself.
Smart political move, sure but in reality, with all the facts at the table it was nothing.
BP was going to pay from the get go.

Republicans criticize Obama all the time for stupid ****, I usually don't pay attention to their noise.
Barton was right about this one, it was a shakedown for political points.
 
Harry Guerrilla said:
Yes the demand is ahead of the supply and for good reason because a lot of that demand is fraudulent.
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Says who? Link?

I never said forced, I said it was a political stunt because BP is already paying for everything.
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They're very slow. This is not something they are not set up to do. The guy that will be doling out the dough has done this before. He is excellent at it.

Those people down there need that money NOW! Don't you ****ing get that? If they had to wait for BP's slow ass they'd go bankrupt.

I never said a single thing about Obama "not being presidential" or "hasn't done anything."
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I really meant that as a general shout out to those right wingers who have said those things and then cry when he does something great like this fund! Talk about hypocrits!

I rather NO politician get in the middle of the remediation effort.
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Yeah, I know. You'ld rther those people suffer unduly while BP nickels and dimes payouts. Gotcha!

For future reference, I am center left...
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Not on this you ain't.

It was a political stunt, which Republicans participated in.
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It's only a stunt to people who absolutely cannot and will not give Obama credit for doing anything right. Ya'll are doing great at following McConnell's memo of "Don't give Obama any victories"... to the detriment of the country.

I'm on MY side because people like yourself forget that if they can do it to BP, they can do it to you.
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If I did what BP did to cause this disaster I would expect our government to manhandle me too. Whose side are you on anyway? Never mind. Rhetorical question.
 
danarhea said:
I thought that maybe you wanted to apologize for talking to yourself again. :mrgreen:
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I would like to apologize for talking to myself again. I know no one wants to hear my crap, including myself.
 
justabubba said:
it was a VERY smart political move
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Smart, sleazy, and unethical, if not worse.




the republicans opposed lifting the $75 million threshold of corporate liability
in one fell swoop, Obama looked after the interest of his citizens rather than the oil industry
that is as it should be
$20 billion, which may not have otherwise been available to the victims now will be
and the wingers are lined up in opposition because it was a positive political play by Obama ... that and bause they were giving the talking points to express opporition
Click to expand...

The republicans couldn't have lifted the cap if they wanted- they don't have the power. The truth is that both parties opposed this with good reason. It walks all over current laws to try and make something retroactively apply. There are legal issues involved, though most of you seem to prefer ignoring it.

re-posted from wiki:
Following the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, numerous U.S. Senators attempted to pass a bill to raise the $75 million cap limit to $10 billion, retroactive to before the spill occurred. Senators of both Republican Party and Democratic Party blocked efforts for new legislation on multiple occasions due to the potential unintended consequences that a new law could have.[4]. Democratic Party senator Mary Landrieu of Louisiana was quoted in saying “We want to be careful before we change any of these laws that we don’t jeopardize the operations of an ongoing industry, because there are 4,000 other wells in the Gulf that have to go on.”[4] This statute limits BP's monetary damages to $75 million for losses to private parties, although it still remains liable for all cleanup costs under the law.[5]
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