Friday, June 18, 2010

Republican reps apologize to BP for "shakedown"

Somehow they expect to make political hay from this:

Republicans on the Hill have calculated that President Obama's successful demand that BP set up a $20 billion escrow account to pay out claims is ripe for political attack. In the wake of Wednesday's White House announcement, a host of GOP officials are raising questions about both the process by which the deal was made and the deal itself -- going so far as to apologize to BP on America's behalf.

"I'm ashamed of what happened in the White House yesterday," said Rep. Joe Barton (R-Tex.) during a hearing on Thursday morning with BP's CEO Tony Hayward." I think it is a tragedy in the first proportion that a private corporation can be subjected to what I would characterize as a shakedown -- in this case a $20 billion shakedown -- with the attorney general of the United States, who is legitimately conducting a criminal investigation and has every right to do so to protect the American people, participating in what amounts to a $20 billion slush fund that's unprecedented in our nation's history, which has no legal standing, which I think sets a terrible precedent for our nation's future."

From the Huffington Post (h/t jblaque). Just when you think the Democrats are in for a beating in November, the Republicans do something to give you hope. And the Repubs will really look silly saying stuff like that if predictions that they might have to, say, evacuate nearly three million people turn out to be true (thanks again to Blaque for that one).