I know he claims his power is unlimited in certain areas* but I am pretty sure this isn't one of them. President Obama wants to set up a special account for people to be paid for damage claims rising from the BP oil spill. That is, he wants BP to set up an account, which will have BP's money in it, to be paid out as BP fills claims. Not taxpayer money. BP's money. But he wants it to be in a special account because he wants it to.
If you want to write up a special law for situations like this when a company goes bankrupt and damaged parties get preferential treatment when the company is paying claims, fine. But they're not bankrupt yet, and it's not our job to tell BP how to run their private accounts. Not until he nationalizes the oil industry.
Fun factoid: BP is not an American company, and therei s even talk of the UK nationlazing BP. Then that would be the President of one nation trying to bully a part of the government of another nation into doing so-and-so with that other nation's monies. That's the stuff wars are made of. Sure, it's hypothetical and a long time off even if it does happen . . . but the current "leadership" in the USA is so incompetent, I could see them tripping into a war like that. If you vote Democrat, remember, the polls next year will be in December.
*it's not, but he claims it is, and God forbid we should have to test him on that claim.
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