June 17, 2010

Ed Schultz wonders if BP's commitment to "make the small people" whole again will still be there three years from now. Mike Papantonio thinks that it was smart of President Obama to get a $20 billion down payment on the commitment instead of waiting for them to slow walk everyone in the courts.

Papantonio: We wouldn't see $20 billion in a case like this, all you've got to do is look at Exxon, it would be decades before the legal system would be able to render anything close.

...It's unprecedented to have a leader that says we don't trust you and we want your money now. To do this in the legal system is almost impossible. You can't go back and find an example of this kind of leadership yielding this kind of money in any legal setting in America.

Pap had a lot of praise for President Obama's speech and for the actions he's taking now. I don't care about speeches. I care about what action he takes and getting this oil contained and cleaned up. This was definitely a step in the right direction but there's a long way to go.

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