Quote:
Originally Posted by mykalberta
I am not surprised that a community organizer knows nothing on how to handle this crisis.
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I think it is fair debate and well within Obama's area of concern to openly wonder if BP is paying out claims to local fishermen and other damaged parties in a timely fashion but I thought it was pretty surprising the President of the United States thought he had any business commenting on the dividend policies of a foreign multi-national.
I think that kind of interference probably alarmed a lot of American companies as well.
As long as the corporate entity pays on its obligations it's no one else's business besides shareholders how much is paid in a dividend.
Obama looks pretty panicky frankly. This is sticking to him and he doesn't like it.
I thought - and said so at the time - that a large part of the blame in the Katrina situation was the complete dysfunction of the local area disaster plan, basically incompetence by the Mayor of New Orleans and his staff in the critical first two or three days versus GW Bush. I think this situation is mostly attributable to with BP and the rig operators combined with a supremely unique and technically challenging situation versus the reaction of government.
In both instances though, Republican and Democrat, the blame is starting to stick in the place where the buck stops, fair or unfair.
Cowperson