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Just heard on TV another attack on Obama's handling of the oil spill.
Business people along the coast are saying the BP fund to reimburse them for losses due to the spill are taking too long to get the $ out to them. They say that a lot of their businesses are on a "cash basis" so they don't have receipts to show how much they made last year. Maybe if they had paid taxes on all of that "cash basis" income... |
Yup - I believe we talked about that awhile ago. Might have been in the other thread on the same subject.
There is no way these people are going to get reimbursed without tax receipts. |
Oh, and there was a nice followup CNN this am about it being the 6 month anniversary of the spill. They were discussing how much still needs to be done, polluted beaches, wildlife, still 16,000sq miles of the gulf closed to fishing...
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I read that as two separate points.
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Yes.
1) Attack ad Quote:
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think they should or its taking too long .... whatever.. Two separate points related, but different. |
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When the Gov't took over control of the fund, they basically absolved BP from any
responsibility of distributing the funds. If things are going slowly, it is the fault of those in control. That is the Gov't not BP. |
As I read the setup and administration of the "BP fund",
I got the sense that the $ were actually still belonging with BP, but that Obama selected Feinberg to be an independent administrator. Although Feinberg could probably be removed by Obama, I got the sense that the policies of distributing $ were those set up by BP. With all that, it is still easier to just blame Obama for everything. Wall Street Journal BP Fund Administrator Promises Speedy Claims Payout By ANGEL GONZALEZ JUNE 18, 2010, 6:48 P.M. ET Quote:
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The WSJ had a good follow up article yesterday that discussed how the money is now coming in faster and the struggle the folks went through to get what they are owed, but apparently they are getting paid.
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ultimately, yeh I guess you could say that.
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