Wednesday, June 23, 2010

More perspective on BP

From Wizbang:

Instead, we have an administration that seems hell-bent on destroying BP. Hell, last week they extorted a $20-billion-dollar shakedown out of BP. And, cynically, the primary motive wasn’t to get that money, but to secure the federal government’s first dibs on BP’s assets should they file bankruptcy in the US. This was the same move the Obama administration pulled with GM and Chrysler — bypassing the normal rules of bankruptcy and screwing out the other creditors.
Imagine that:  the same extralegal moves to bypass our laws and grab the schwag for themselves and their friends.  I wonder if the assistance checks will now read:  "From your friends at the Obama Administration and the Democratic Party".

Don't they have enough power already?  Can't they just play the game inside the lines?  Why does everything need to be turned into an extralegal scam?

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