Big Oil Bailout

theCL  2010-06-10  Corporatism, Debt, Taxes

Great. Super fantastic. The American taxpayer gets to pay for the BP oil spill too!

Boehner: Government--i.e. Taxpayers--Should Help Pay For Oil Spill

"I think the people responsible in the oil spill--BP and the federal government--should take full responsibility for what's happening there," Boehner said at his weekly press conference this morning.

Boehner's statement followed comments last Friday by US Chamber of Commerce CEO Tom Donohue who said he opposes efforts to stick BP, a member of the Chamber, with the bill. "It is generally not the practice of this country to change the laws after the game," he said. "Everybody is going to contribute to this clean up. We are all going to have to do it. We are going to have to get the money from the government and from the companies and we will figure out a way to do that."

So today I asked Boehner, "Do you agree with Tom Donohue of the Chamber that the government and taxpayers should pitch in to clean up the oil spill?" The shorter answer is yes.

The Chamber is extremely influential in Republican politics, so on that level it's not particularly surprising that Boehner has Donohue's back on this one. But the politics of asking the federal government (i.e. taxpayers) to help cover the multi-billion dollar cleanup and rescue efforts are deadly. Look for Democrats to jump all over this one.

Where's my bailout?

Corporatism.

UPDATE:

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