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Old 06-17-2010, 12:54 PM
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Rep. Barton apologizes to BP for Obama 'shakedown'

see below.

Rep. Barton apologizes to BP for Obama 'shakedown' - Yahoo! News
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Old 06-17-2010, 07:28 PM
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Shameful at best
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Old 06-17-2010, 07:36 PM
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Barton has received more than $1.5 million in campaign donations from the oil industry
is part of the investigation of the oil companies?.... What a Joke
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Old 06-18-2010, 08:23 AM
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All emotions aside, it was a shakedown. Knowing that no private company in the world would give away that kind of money that easily, I wonder what kind of concession they were given/promissed.
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Old 06-18-2010, 09:03 AM
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Yeah, that was a dumb thing to say, imo.

They all take money from oil companies though. Obama got over $70k from BP alone in 08, which was the most received from BP that year. The republicans do seem to get more oil donations overall though.
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Old 06-19-2010, 12:17 PM
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Quote:
Originally Posted by FSETH View Post
Yeah, that was a dumb thing to say, imo.

They all take money from oil companies though. Obama got over $70k from BP alone in 08, which was the most received from BP that year. The republicans do seem to get more oil donations overall though.


Curious, if BP's net earnings are 6B.....how does it setup a 20B escrow fund? Hmm.
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Old 06-19-2010, 01:40 PM
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Originally Posted by Quicksilver View Post
Barton has received more than $1.5 million in campaign donations from the oil industry
is part of the investigation of the oil companies?.... What a Joke
Every politician has received substantial sums from the oil industry...
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Old 06-19-2010, 02:23 PM
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Curious, if BP's net earnings are 6B.....how does it setup a 20B escrow fund? Hmm.
I believe that is about 6B a quarter. They can easily absorb 20B.
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Old 06-20-2010, 11:11 AM
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Beside cash they already/will have, they'll open a credit line to fund it as necessary. I believe $20B spans over 3 or 4 years.
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Old 06-20-2010, 05:35 PM
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Quote:
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Curious, if BP's net earnings are 6B.....how does it setup a 20B escrow fund? Hmm.
Yeah, that $6 billion is per quarter. I guess if you make billions and billions year after year, it is probably pretty easy.
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