Wednesday, June 23, 2010

Judge Must Be Pro Big Business

Judge Martin Feldman, the presiding judge who over turn Barrack Obama's six month drilling moratorium, must be pro BP. Congressman Barton was blasted for calling Obama's action a shakedown, and then promptly mislabeled by the Commucrats as soft on big business.

Anything that goes in favor of BP is stylized as getting in bed with them. Obama was the largest recipient of BP's political contributions at $77,000 no word of Obama returning this "blood" money.

I was listening to a man which spoke for the group with operates the crew boats and re-supply vessels that service the 33 jack up deep water platforms.

His figures indicated each rig supports 5,000 jobs. That is 165,000 jobs for this segment of our national economy. The average job pays $40,000 a year. If you do the math, you should come up with $6.6 Billion in payroll. The economic impact of $6.6 multiples this by a factor of 4 when circulated through the various businesses where this money is spent by the workers.

Because Obama was going to required BP to pay for these idled workers, the overall impact doesn't change, but Judge Feldman shifted $6.6 Billion off the back of BP, because the rigs who use these services will pay, not BP.

Has Obama reduced the escrow demand from $20 to $14 Billion? Not yet, a0 because he's reworking his Moratorium wording, b) this money is being viewed as a down payment.

Feldman is dispensing justice, Obama wants to dispense dictatorial punishment. These BP lashes are given out as retribution for the lashes laid across the back of grandfather Oniyango Obama during the Kenyan's move away from British colony.

Both parties to an action have an obligation to mitigate the damages. Obama was doing nothing to mitigate the cost damages by idling 165,000 rig personnel.
One of the Department of the Interior inspectors, By his estimate all 33 rigs could be safety re-certified within a 30 day time period.

All I can say, British Overseas Airlines better not have a plane go down in America. Obama would shut down our whole airline industry, while trying to crucify the Brits for the accident.

Perhaps this is a secret Obama plan to prop up the US economy he can't seem to manage, we could just continuing suing the EU, until we regain our prosperity. That is so un american, but so liberalistic, in other words perfect for Obama.

Steve

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