Obama Says....BP Will Pay

Republican Congressman Joe Barton tells us that President Obama got BP to make a $20 billion clean up commitment by “shaking down” BP. He (Joe) calls it a “Slush Fund” and he points out that the BP capitulation “has NO legal standing” in a nation of laws. There is no law that provides for this, says Joe Barton. Later, we were told that Mr. Barton was pressured to apologize for his honesty.

Hello? There is no sovereignty beyond the borders of any country. Rule of law – where it does exist, is extinguished at the borders of the country blessed with Rule of Law. So “BP will pay” keeps the wolves from the door of the White House for now, but Virginia....but I predict that:

1. The U.S. will not pay Mexico or Cuba or any other Latin American country for the horrendous collective hardships experienced because of this.

2. BP/RIG/HAL will not pay the U.S. as promised - only words.

3. BP/RIG/HAL will not pay Mexico, Cuba or any other country taken under by this disaster.

The way I look at it, today BP is British only by association. I believe that BP is controlled from Dubai or Saudi Arabia.

Who will compensate for the gigantic world-wide losses incurred by Pension Funds and other BP share and bond holders? Certainly not the U.S. and not BP. Governments in many countries are long BP shares big time. BP shares are down 50% so far and going lower. I see bankruptcy ahead.

So Congressman Barton, I salute you. None of us liked what you had to say, but in my view you spoke the truth. And you are in the right, regardless of whether or not anybody is listening. Truth always sails into a vacuum at this stage in the age.