British Petroleum enters debt ceiling fray, demands spending cuts nationwide…
In a shocking development affecting both the Gulf Coast and the nation, BP joined in with GOP finger pointing and now argue if they are required to tighten their belts any further, the same goes for the rest of the Gulf too. The oil company argued their case in a 29 page document made public Friday and filed with both the GCCF and the White House.
The company says the free ride is over, the Gulf is vastly improved so the time for fiscal responsibility is now, lest any more than necessary from the $20 billion oil spill fund be handed out to claimants and real deficit reduction for the Gulf Coast and this country becomes endangered.
A GOP spokesman reiterated the company’s position, “Spending is out of control and must be curtailed so BP and other corporate clients do not have their privileges endangered. Jobs are needed now and a rise in taxes will only curtail job creation from oil platforms across the Gulf to servants’ quarters across the Hamptons. Claimants, BP argues, though suffering from oil spill damages must give up their fair share of compensation now, or the country’s fiscal solvency and their childrens’ futures will be placed at the brink.
Though Ken Feinberg and the White House did not give an official response, several aides who wished to remain unidentified spoke with reporters late Friday afternoon, “It would certainly seem unreasonable at this late stage to end these payments,” said one, “We gave the GOP their no-sue clause and the extension of the Bush tax cuts and they gave us nothing. If we were now to put on the table Social Security cuts, the future feasibility of interim payments, or extra compensation to oyster fishers or even Medicare and Medicaid, what possible leverage would we have?”
Another undisclosed aide offered, “Feinberg and Obama have all but said if the latest studies find people have been poisoned by the oil they will have no recourse to the GCCF and in doing so, have not only already saved BP millions more in potential damages, but hinted to Cantor, Boehner and the rest of the Tea Party faithful their willingness to put the interests of corporations and the top 1% far above the needs of everyday Americans, and in response to these concession, BP then demanded the whole negotiation be moved even further to the right, more cuts, more savings, and not a dollar more revenue, non-negotiable.”
“The GOP wants to argue that British Petroleum creates jobs and therefore should not have to be taxed the entire $20 billion dollars,” added another, “but the simple fact is British Petroleum’s present problems are their own fault. Like investment bankers demanding spending cuts and government protection from the effects of the recession they caused, BP and the GOP seem to think people without jobs, or who need additional assistance should suffer so BP CEO’s and stockholders can hang onto their tax loopholes and private jets. This argument should be a non-starter.”
Other people outside of the White House also weighed in on the latest developments, James Carville, caught by one reporter seethed, “This is ridiculous! They’ve only just started studies into the health of the Gulf Coast, the GOP has done nothing about creating jobs, fishermen are finding red snapper with lesions that the NOAA says should be handled with gloves, the brown shrimp season was pathetic, unemployment is up and the housing market continues to suffer, tourism hasn’t reached pre-spill levels, sand dollars and starfish are turning up dead, some Louisiana beaches are still closed, we still got places that need cleaning, lives that need fixing and people who need to be paid, all while restoration of the coast has yet to even begin and BP is arguing that things are fine, things are improving? Well, why don’t we just throw Bob Dudley into the still remaining oil in Barataria Bay, see if that son of a bitch will float? If Ken Feinberg and Barack Obama do anymore sacrificing of the safety net, neither one will win a second term. They will have finally sold out everyone they were supposed to protect and in doing so changed the entire value system of this country!”
But not everyone was so dismissive of a compromise. In a statement by now Chicago mayor, Rahm Emanuel, uttered over steaks at Harry Carey’s, “Look, those Gulf Coast whiners can either get with the program or go the fuck home. We got an industry to save and a region that needs to learn the art of compromise. If they don’t like what our President and Ken Feinberg are doing to cover America’s butts and their futures, what are they gonna do, vote BP and GOP? I don’t fucking think so. Eat it, bitches…”
Despite continued White House talks outside of the public eye, it would appear negotiations have reached a standstill. British Petroleum and the GOP demand spending cuts their critics say will bolster the corporations and the wealthy at the expense of those harmed by the oil spill, and the elderly and by other Americans in need during this recession. Obama and Feinberg, seeming confident that they can work on their own legacies at the expense of same said Americans, appear to believe their core constituents will have no other option but to vote them a second term, no mater how painful the cuts they agree too might be.
In the opinion of this editor, it appears that both parties, and both BP and Feinberg make their decisions all while ignoring the clear polling numbers that say the majority of Americans believe the wealthy should pay higher taxes and BP should be forced to spend the entire $20 billion while entitlement programs and damages, both present and future should remain untouched and certainly not used as bargaining chips, demonstrating clearly how the GOP, BP, Barack Obama and Ken Feinberg continue to play legacy politics with peoples’ lives and futures at the behest of corporate interest in some sort of vacuum, where real people, American citizens are mere afterthought…no more than another batch of dead sand dollars washing up on the beaches of Florida.
Or, as Eric Cantor said about the tornado victims in Joplin, Missouri, any disaster assistance given to the victims, American citizens, will have to be offset by budget cuts elsewhere, or the emergency spending bill won’t be passed by Congress.
No longer breathing as citizens…be it the debt ceiling arguments by politicians, or disaster compensation by corporations and their employees, it would appear our function is that of a bargaining chip. The $20 billion dollar compensation fund, and the economy are there to be threatened by companies and politicians with persecution complexes, and an utter lack of respect for the suffering their decisions inflict on others.
God Bless, America.
Have a nice day.
Written by Drake Toulouse
July 9, 2011 at 5:00 AM
Tagged with Barack Obama, Chicago, claims, Debt Ceiling, Eric Cantor, final claims, final payments, GCCF, GOP, Gulf Coast, interim claims, interim payments, james carville, John Boehner, Joplin, ken feinberg, medicaid, medicare, payment of damages, Rahm Emmanuel, social security, Tea Party, White House