Ok, so BP is up on capitol hill today and Republicans keep apologizing for the way that Obama has treated the company. They are also repeatedly referring to the new $20 billion dollar escrow account that they've set up to pay for potential claims as "a Chicago-style shake down".
I don't understand any of that. I mean, I understand that they want to hit Obama for something, that's politics. I just don't get why they are apologizing to BP and why they are bad mouthing the escrow fund. Obama obviously cannot compel BP to set aside the money, it wasn't a presidential edict or anything. It seems like he convinced them that it would be for the best and a good PR move, which is pretty impressive to me actually. I don't know the details of how the money would be tapped, how the claims process would go, etc, but it struck me as a symbol of good faith that BP was really going to try and help clean things up, not just drag everything through the legal system for 20 years. So what's the angle here? How does apologizing to BP make good political sense? And how can the escrow fund be a bad thing? I'm genuinely curious, this one has me stumped and I'd like some insight. Thanks, Judah ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:321364 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
