Home run for Obama on BP clean up fund
The 20 billion fund should be viewed as a huge accomplishment for Obama. He had no actual power to compel that aside from moral suasion and the threat of having an unhappy president. Legally, BP could have just waited for the lawsuits and drawn the whole thing out for years. Any lawyer would find it a unique and mind-boggling accomplishment.
posted by Anonymous | 6:11 PM
1 Comments:
I'm not sure he did not have a number of ways to exercise legal leverage beyond moral suasion, but in any case I would say it was well played. Does anyone think George W. Bush, George H.W. Bush, Ronald Reagan or John McCain would have done anything remotely comparable.
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