Author Topic: GOP House Speaker-in-Waiting Boehner Suggests Taxpayer Bail Out 4 Gulf Clean Up  (Read 591 times)

Danny

  • Getbig V
  • *****
  • Posts: 4630
  • The original Superman
http://www.pensitoreview.com/2010/06/10/house-speaker-to-be-boehner-says-taxpayers-should-help-pay-for-spill/

If Republicans win back Congress this November, House Minority Leader John Boehner (R-Ohio) is in line to replace Nancy Pelosi (D-Calif.) as speaker. At his weekly press conference this week, Boehner was asked who should pay for cleaning up the Gulf oil spill:

    “I think the people responsible in the oil spill — BP and the federal government — should take full responsibility for what’s happening there,” Boehner said at his weekly press conference…

Yea, those nasty feds. Greedy, grimy bastards. Let’s stick it to ‘em!

Hey, wait a minute. The “federal government?” He means us — the American taxpayers. But wouldn’t that be like a bail out of BP?

Wait ’til the tea baggers hear about this!

Boehner was reacting to a statement last week from the president of the U.S. Chamber of Commerce, a Republican pressure group, demanding that taxpayers’ pick up part of the tab for cleaning up the BP disaster. BP is a donor to the Chamber.

“Everybody is going to contribute to this clean up,” wrote Chamber Pres. Tom Donohue in a statement last Friday. “We are all going to have to do it. We are going to have to get the money from the government and from the companies and we will figure out a way to do that.”

Interesting, isn’t it, how on every other issue the Chamber and its congressional lapdogs say they want the federal government to stay out of the way of business interests.

A few hour after Boehner’s press briefing, his office tried to clarify his remark. What the speaker-to-be meant to say was the spill is Pres. Obama’s fault:

    “Boehner made a general statement about who is responsible for the spill, and the federal government oversight was clearly lacking, but he has said repeatedly that BP is responsible for the cost of the cleanup.”

UPDATE: The non-denial denial above not being sufficient, the office of the speaker-to-be has issued a firmer denial:

    According to Boehner spokesman Michael Steel, the GOP leader stood by what he’s said since May 3 — “Not a dime of taxpayer money should be used to clean up [BP's] mess.”

    “He’s said for a month now that BP will bear the full burden of this disaster,” said Steel.

    The “responsibility” Boehner was talking about was not taxpayer money cleaning up the spill. It was whatever reform and restructuring comes after the leak is stopped. As Boehner put it this morning, his preferred plan of action is “figure out what the hell went wrong, and then have the hearing and get the damn law fixed!”

Right. “Taking responsibility” really means “reform” and “restructuring” — just like when Sarah Palin tells her gun-obsessed, tea bagger followers, “Don’t Retreat, Instead — RELOAD!” what she really means is “vote.”

Bottom line: Boehner’s words now will be rendered meaningless if the GOP wins control of Congress in the fall, and their bosses at the Chamber want a taxpayer bailout of BP. You can take that to the bank.
"What we do in life ECHOES in eternity "

240 is Back

  • Getbig V
  • *****
  • Posts: 102387
  • Complete website for only $300- www.300website.com
soooo the govt (and taxpayer) should bail out companies like BP?

Great.  can't wait for the repubs to take back congress so the Stim II can be used for this.

Just like Bush dumped 3 TRILLION into stimulus bills - and most repubs were quiet - then they all screamed and marched when Obama did his own stim bill.  They'll do the same thing here - they won't march, they won't hold up signs and talk about civil war 2...

They'll just say "At least it's not obama!" and go along with the exact same thngs we've always seen, regardless of party.

Danny

  • Getbig V
  • *****
  • Posts: 4630
  • The original Superman
Anybody want to chime in on this one?
"What we do in life ECHOES in eternity "

GigantorX

  • Getbig V
  • *****
  • Posts: 6381
  • GetBig's A-Team is the Light of Truth!
soooo the govt (and taxpayer) should bail out companies like BP?

Great.  can't wait for the repubs to take back congress so the Stim II can be used for this.

Just like Bush dumped 3 TRILLION into stimulus bills - and most repubs were quiet - then they all screamed and marched when Obama did his own stim bill.  They'll do the same thing here - they won't march, they won't hold up signs and talk about civil war 2...

They'll just say "At least it's not obama!" and go along with the exact same thngs we've always seen, regardless of party.

The original "Stimulus Package" was small tax refunds and across the bracket tax cuts, low interest rates and investment tax cuts amongst other related things. The second was another 150 billion of tax refunds. The totally misleading "3 trillion dumped into Stimulus bills" comes from the amount that its opponents said (as all opponents of tax cuts say) it would cost in future revenue which in of itself is totally misleading seeing as that during Bushes presidency the U.S. govt. was taking in record tax receipts.

Obama's was a totally Keynesian Stim Bill. borrow/print 800billion dollars and dole it out. No changes to tax structure, no changes to the economic foundation.

This is the same shit you or whoever tried to pull when juxtaposing Reagan's 700 billion dollar "Stim Package" and trying to pass it off as exactly what Obama was doing. The problem was that it wasn't even close.

Anyways, on to BP. They have cut their dividend completely to help pay for damages and lost business. The Gulf Clean-Up will take a long time and cost a lot of money and most of it should come from BP but the U.S. govt. also failed at its job (shocking I know) of properly policing and regulating laws and rules and requirements that were already on the books. The tax payer should help cleanup the Gulf, yes, but not in an attempt to shield BP from the cost. They spilled the oil and they should spill the blood. I was reading that their debt picture is pretty bad now and as a business their future isn't all that bright. If shit hits the fan for them...whatever, they will then be bought out by a stronger firm. There will be now taxpayer bailout in the way of AIG or well, all the other financial firms.

GigantorX

  • Getbig V
  • *****
  • Posts: 6381
  • GetBig's A-Team is the Light of Truth!
soooo the govt (and taxpayer) should bail out companies like BP?

Great.  can't wait for the repubs to take back congress so the Stim II can be used for this.

Just like Bush dumped 3 TRILLION into stimulus bills - and most repubs were quiet - then they all screamed and marched when Obama did his own stim bill.  They'll do the same thing here - they won't march, they won't hold up signs and talk about civil war 2...

They'll just say "At least it's not obama!" and go along with the exact same thngs we've always seen, regardless of party.

The original "Stimulus Package" was small tax refunds and across the bracket tax cuts, low interest rates and investment tax cuts amongst other related things. The second was another 150 billion of tax refunds. The totally misleading "3 trillion dumped into Stimulus bills" comes from the amount that its opponents said (as all opponents of tax cuts say) it would cost in future revenue which in of itself is totally misleading seeing as that during Bushes presidency the U.S. govt. was taking in record tax receipts.

Obama's was a totally Keynesian Stim Bill. borrow/print 800billion dollars and dole it out. No changes to tax structure, no changes to the economic foundation.

This is the same shit you or whoever tried to pull when juxtaposing Reagan's 700 billion dollar "Stim Package" and trying to pass it off as exactly what Obama was doing. The problem was that it wasn't even close.

Anyways, on to BP. They have cut their dividend completely to help pay for damages and lost business. The Gulf Clean-Up will take a long time and cost a lot of money and most of it should come from BP but the U.S. govt. also failed at its job (shocking I know) of properly policing and regulating laws and rules and requirements that were already on the books. The tax payer should help cleanup the Gulf, yes, but not in an attempt to shield BP from the cost. They spilled the oil and they should spill the blood. I was reading that their debt picture is pretty bad now and as a business their future isn't all that bright. If shit hits the fan for them...whatever, they will then be bought out by a stronger firm. There will be now taxpayer bailout in the way of AIG or well, all the other financial firms.

Straw Man

  • Getbig V
  • *****
  • Posts: 41012
  • one dwells in nirvana
The original "Stimulus Package" was small tax refunds and across the bracket tax cuts, low interest rates and investment tax cuts amongst other related things. The second was another 150 billion of tax refunds. The totally misleading "3 trillion dumped into Stimulus bills" comes from the amount that its opponents said (as all opponents of tax cuts say) it would cost in future revenue which in of itself is totally misleading seeing as that during Bushes presidency the U.S. govt. was taking in record tax receipts.

Obama's was a totally Keynesian Stim Bill. borrow/print 800billion dollars and dole it out. No changes to tax structure, no changes to the economic foundation.

This is the same shit you or whoever tried to pull when juxtaposing Reagan's 700 billion dollar "Stim Package" and trying to pass it off as exactly what Obama was doing. The problem was that it wasn't even close.

Anyways, on to BP. They have cut their dividend completely to help pay for damages and lost business. The Gulf Clean-Up will take a long time and cost a lot of money and most of it should come from BP but the U.S. govt. also failed at its job (shocking I know) of properly policing and regulating laws and rules and requirements that were already on the books. The tax payer should help cleanup the Gulf, yes, but not in an attempt to shield BP from the cost. They spilled the oil and they should spill the blood. I was reading that their debt picture is pretty bad now and as a business their future isn't all that bright. If shit hits the fan for them...whatever, they will then be bought out by a stronger firm. There will be now taxpayer bailout in the way of AIG or well, all the other financial firms.


are you suggesint the US Govt will bail out BP?

btw  - the bail out of AIG is the thing that pisses me off more than anything else (and it was really a bailout of Goldman by proxy)

GigantorX

  • Getbig V
  • *****
  • Posts: 6381
  • GetBig's A-Team is the Light of Truth!
are you suggesint the US Govt will bail out BP?

btw  - the bail out of AIG is the thing that pisses me off more than anything else (and it was really a bailout of Goldman by proxy)

Sorry, I wasn't clear in my post (double post). I meant to say "There will be NO taxpayer bailout in the way of AIG..." I just mistyped.

And I'm on your level concerning the AIG bailout. Goldman holds lots of power and influence and stooges and ex-Goldman employees in our Govt. The AIG bailout was a crime, plain and simple. The citizens of this nation weren't even thought of when this was being concocted. And of course, after much time has passed, an investigative panel has declared that the AIG bailout was "premature".

Gee, thanks.

quadzilla456

  • Time Out
  • Getbig IV
  • *
  • Posts: 3497
  • Getbig!
Why would BP need a bailout? Their profits in a few weeks are so enormous they could easily pay for this on their own.

BP's net income in 2009 was $16.58 billion. They can pay for this cleanup on their own.

BP makes enough profit in four days to cover the costs of the spill cleanup thus far.
http://thinkprogress.org/2010/05/11/bp-four-days-spill/

BP oil spill clean-up costs could total $6bn
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7821462/BP-oil-spill-clean-up-costs-could-total-6bn.html