Truth to Power

Some people just don’t get it: Haley Barbour edition

Barbour Is Concerned That Escrow Account Will Cut Into BP’s Sunday. CoProfits: ‘It Bothers Me’

The Obama administration announced this week that it wants BP to transfer “substantial” funds to an escrow account overseen by an independent third party that will handle claims from individuals and businesses affected by the company’s oil disaster in the Gulf of Mexico. “We need to make sure that the interests of people in the Gulf are protected,” senior White House adviser David Axelrod said on ngressional Democrats have asked BP to create a $20 billion fund.

Sticking with the “Obama is a socialist” meme, Rep. Michele Bachmann (R-MN) called the account a “redistribution of wealth fund.” Mississippi Gov. Haley Barbour (R) also thinks it is a bad idea. Although he noted on Fox News last night that BP is “saying that they have the ability to pay and that they will pay,” Barbour expressed concern that BP will lose some profits:

BARBOUR: If BP is the responsible party under the law, they’re to pay for everything. I do worry that this idea of making them make a huge escrow fund is going to make it less likely that they’ll pay for everything. They need their capital to drill wells. They need their capital to produce income. … But this escrow bothers me that it’s going to make them less able to pay us what they owe us. And that concerns me. … [I]t bothers me to talk about causing an escrow to be made, which will – which makes it less likely that they’ll make the income that they need to pay us.</em>

Oink oink said the oily pig, his snout firmly wedged into big oils criminal, greedy buttcheeks.


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