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-   -   Gulf coast oil spill (http://cellar.org/showthread.php?t=22643)

Lamplighter 10-20-2010 11:04 AM

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...

classicman 10-20-2010 11:47 AM

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.

classicman 10-20-2010 11:49 AM

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...

Spexxvet 10-20-2010 11:57 AM

Quote:

Originally Posted by Lamplighter (Post 689223)
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...

Why attack Obama for that? It sounds like a problem with BP.

classicman 10-20-2010 12:55 PM

I read that as two separate points.

Shawnee123 10-21-2010 08:48 AM

Quote:

Originally Posted by classicman (Post 689240)
I read that as two separate points.

I read it as haiku.

Spexxvet 10-21-2010 08:59 AM

Quote:

Originally Posted by classicman (Post 689240)
I read that as two separate points.

Really?

classicman 10-21-2010 10:38 AM

Yes.
1) Attack ad
Quote:

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.
Obama took over this and appointed a rep to handle it. He is responsible now, not BP.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
2)
Quote:

Maybe if they had paid taxes on all of that "cash basis" income...
People scamming the system not paying taxes now aren't getting what they
think they should or its taking too long .... whatever..

Two separate points related, but different.

Spexxvet 10-21-2010 10:44 AM

Quote:

Originally Posted by classicman (Post 689426)
Yes.
1) Attack ad

Obama took over this and appointed a rep to handle it. He is responsible now, not BP.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
2)

People scamming the system not paying taxes now aren't getting what they
think they should or its taking too long .... whatever..

Two separate points related, but different.

I misunderstood.:blush: I thought you were separating
Quote:

Originally Posted by Spexxvet (Post 689231)
Why attack Obama for that?

from

Quote:

Originally Posted by Spexxvet (Post 689231)
It sounds like a problem with BP.


classicman 10-21-2010 11:27 AM

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.

Lamplighter 10-21-2010 11:40 AM

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:

The government-appointed administrator of BP PLC's $20 billion fund for oil-spill damage
said Friday that he would run his own show as he seeks to improve the claims process set up by the company.

"This is a program that has my imprimatur on it, not the administration or BP,"
Kenneth Feinberg said at a joint press conference with Mississippi Gov. Haley Barbour.
"It is my program as an independent force."
<snip>

TheMercenary 10-21-2010 11:52 AM

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.

classicman 10-21-2010 12:59 PM

Quote:

What he found when he took over the BP fund on Aug. 23, he says, was staggering: data in disarray, duplicate claims, identical claims under different names and thousands of claims with inadequate or no documentation.
Gee fraud and greed? Color me shocked - not.

Quote:

Mr. Feinberg said that the British oil giant, which is responsible for the spill that began two months ago, deserves "credit" for setting up a claims program quickly, and that he would seek to improve the "efficiency, the speed and the fairness of that program."
That'll never make the 6:00 news.

Quote:

The government-appointed administrator of BP PLC's $20 billion fund for oil-spill damage said Friday that he would run his own show as he seeks to improve the claims process set up by the company.
BP is off the hook.
Quote:

"This is a program that has my imprimatur on it, not the administration or BP," Kenneth Feinberg said at a joint press conference with Mississippi Gov. Haley Barbour. "It is my program as an independent force."
He may be the administrator, but he certainly has to answer to someone and that can only be those who appointed him.

Spexxvet 10-22-2010 09:34 AM

Quote:

Originally Posted by classicman (Post 689462)
BP is off the hook.

It's Obama's fault:cool:

classicman 10-22-2010 01:41 PM

ultimately, yeh I guess you could say that.


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