Friday, June 18, 2010

Michele Bachmann on Watching the BP (NYSE:BP) Escrow Fund

While the usual nut jobs are out lying about and castigating U.S. Rep. Michele Bachmann., R-Minn., she's been one of the few who have stood up and exposed the possibility the Obama administration could abuse the escrow fund and its $20 billion for things other than legitimate oil spill claims.

Bachmann wisely stated this in an interview with the St. Paul Pioneer Press, "I said that I was concerned that Washington, the Obama administration, could use it as a permanent ATM. I want to make sure everyone knows I'm not a shill for BP."

Any honest person that has read or listened to what Michele Bachmann said knows she was simply stating the reality of what the Obama administration has done through its other socialist, redistributionist efforts, where it has thrown money all over the place for things not related to the original intention.

Bart Stupak, who already engineered and voted for socialist Obamacare against the objections of the vast majority of the people in the district he represented, who at a 78 percent clip rejected the proposal, and who doesn't have the guts to run again because he would suffer a devastating defeat, has already mentioned using the escrow fund of BP to pay for healthcare for some of those in the Gulf region.

That seems to include those who Obama has essentially laid off or fired through his misguided moratorium on oil drilling.

So with only one day since BP's commitment to the $20 billion fund, to be capitalized over a four-year period, Stupek was already going beyond the mandate of legitimate claims to providing healthcare benefits. He's the one who should step down from office as a result of that outrage.

So let's just watch and see if Michele Bachmann had a legitimate concern, as already confirmed by Stupak's suggestion. If we don't watch every penny leaving the fund, you'll see Democrats and Obama's escrow czar redistributing money like Michele has expressed concerns about.

The fact that there is already the usual liberal, progressive attack on Bachmann, using their faux outrage that she's opposing people getting paid their claims, it in fact shows there are hopes it's another place they can get their hands on money and spend it the way they want.

If that's not the case, then why the outrage? Bachmann hit the nail on the head, and the squealing liberals and Democrats are running for cover by using their aggressive tactics in a way that totally distorts Michele's words and concerns.

That means she's touched on one of their sore spots again, and they're outraged they can't just plunder the fund now that the public is watching them closely.

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