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Obama’s Twist of BP’s Arm Stirs Common Tactic Debate
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Obama’s Twist of BP’s Arm Stirs Common Tactic Debate

  #1 (permalink)
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Obama’s Twist of BP’s Arm Stirs Common Tactic Debate

With President Obama’s successful move to force BP to establish a $20 billion compensation fund, he has reinvigorated a debate about the reach of government power. The NYT reports.

More on CNBC...

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  #2 (permalink)
Elite Member
new york
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Honestly, if government can do it, we can kiss contract law good bye. I agreed that BP need to pay for all the damages and losses, but under the contract/regulation set by the government, they only need to put out a max of $50 million or something. I am not too familiar with law, but what I want to get at is, if government can change existing law again past event, when property ownership that made America grow can just throw into the toilet. If they can do it, what stopping them come in and take your or my home.

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Do as Lord Obama commands or he will use the federal government to destroy you!!!

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