We think you're near Los Angeles

Currently in Los Angeles

Location: Los Angeles Current temperature: 52°F: Current condition: Clear See Extended Forecast

Obama uses BP oil spill to push corporate welfare: a deceptive 'global-warming' bill BP lobbied for

Talk about chutzpah.  President Obama, the biggest recipient of campaign cash from BP, is using BP’s oil spill to push for a global warming bill that is chock full of corporate welfare and environment-destroying ethanol subsidies.  And the bill is one crafted by lobbyists for big companies like BP: “For years, BP has lobbied for climate change legislation, until recently running around with the U.S. Climate Action Partnership.”

The Obama Administration has done little about the oil spill, even though “BP’s oil gusher is in federal waters, on seabed leased from the federal government,” giving the government the moral responsibility to do something to stop the spill.  Instead, Obama is adding insult to injury for suffering Gulf Coast residents by imposing a ban on oil drilling that will wipe out at least 20,000 jobs in the Gulf, and perhaps more, according to Louisiana’s governor.

The ban doesn’t apply just to BP, a company with an unusually bad safety record which has been described as a “serial environmental criminal.”  Instead, it applies to the oil industry generally.  That includes the vast majority of oil companies that make safety a priority in drilling (and whose oil wells did not spill even during hurricanes).

Democratic strategist James Carville, who was raised in Louisiana, called Obama’s handling of the oil spill “lackadaisical“ and “unbelievable“ in its “stupidity.”

Until recently, the Obama administration ignored the pleas of Louisiana’s governor to allow Louisiana to build barrier islands to contain the damage from the oil spill, citing bureaucratic procedures.  Yet the Obama administration granted BP a waiver from environmental regulations in April 2009. ABC News reports that the “top recipient of BP-related donations during the 2008 cycle was President Barack Obama himself, who collected $71,000.”

The global warming legislation backed by President Obama would also drive jobs overseas, since it would impose a costly cap-and-trade carbon rationing scheme on American industry, while leaving foreign plants operated by multinational corporations unregulated.  Companies with plants overseas are lobbying for the global-warming legislation, which would give them an advantage over American competitors.  The legislation Obama backs may perversely increase pollution by driving industry overseas to places with fewer environmental regulations.

Advertisement

By

DC SCOTUS Examiner

Hans Bader is Counsel at the Competitive Enterprise Institute in Washington. After studying economics and history at the University of Virginia...

Comments

  • Jay 1 year ago
    Report Abuse

    Obama is the king of corporate welfare, as even liberal writers and journalists have conceded (like Thomas Edsall at HuffingtonPost).

    Corporate welfare fills the campaign kitty of Obama and Democratic leaders (politically-connected companies run ads for Democratic leaders like Harry Reid), while labor unions provide the manpower.

    Corporate welfare is perhaps the most defining feature of the Obama Administration.

  • Don 1 year ago
    Report Abuse

    I agree with Jay and Tom Edsall: Obama IS the king of corporate welfare. That's something liberals and conservatives alike can agree on.

  • Sheetz 1 year ago
    Report Abuse

    Obama = Corporate Welfare + Corruption

  • Mike 1 year ago
    Report Abuse

    "Corporate welfare is perhaps the most defining feature of the Obama Administration."

    Along with foot in mouth remarks.

  • kc 1 year ago
    Report Abuse

    71,000 is pocket change in dc. it's meaningless, you need to do better.

  • Taeo 1 year ago
    Report Abuse

    Wow the nut jobs are out in full force.

  • the unknown soldier 1 year ago
    Report Abuse

    Un-Freaking Believable! Can we get rid of this guy from office now?

Add a new comment

Join the conversation! Log in here or create a new account if you've never registered before.

Got something to say?

Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!

Don't miss...