While the President reiterated that $20 billion isn’t a cap, it’s important to know how much more BP could and should pay. One analyst said it could be as much as $63 billion; I suspect and hope it will be in the hundreds of billions. That’s why it’s important we make clear BP should be responsible for every dime of damage from its disaster. Anything less is a taxpayer funded bailout of BP. Can you add your name and help us reach 50,000 signatures before we deliver our petition to the Senate next week?
|By: Michael Whitney Thursday June 17, 2010 7:01 am|
|By: Michael Whitney Tuesday June 1, 2010 1:10 pm|
Landrieu says that BP’s liability will be “hundreds of millions if not billions of dollars, and BP’s going to pay every penny. When I pressed her on the long-term damage done to fishermen and the community – one person told me that last time oil hit his oyster beds, it was there for 10 years – Landrieu immediately swatted back that number and said “we don’t know.” She says that if a fisherman “made $50,000 last year, BP’s going to write them a check for $50,000.”
But this disaster will last for well more than one year, and likely well beyond a decade.