Over at Crooks and Liars, they have this big post about the oil spill and how BP is supposedly losing $350 million a day. Of course, that doesn't square with the story over at Think Progress that says BP has spent $350 million thus far in the clean up process, but that BP makes or has profits daily of about $95 million.
Now, to be fair, C&L was just quoting Mike Papantonio (a talk show host), but they did not point out that what Papantonio was saying was bullshit.
Usually, C&L are on top of stuff like this, but BP will not have to resort to some sort of limit on paying out for damages. As the headline says in the Think Progress story: BP MAKES ENOUGH PROFIT IN FOUR DAYS TO COVER THE COSTS OF THE SPILL CLEAN UP THUS FAR.
These are companies that have made obscene quarterly profits over the last two years that have been the highest EVER of ANY CORPORATIONS in history! So, let's not get rolling with the story line being propagated that this fucking company cannot possibly afford to clean up the damage it has done AND pay out damages to those that have suffered as a result. PLEASE let this not turn out like the Valdez situation, where the billions in dollars of damages awarded were reduced to something like $500 million ... a drop in the bucket, and with all the fighting Exxon did to keep from paying out over the past 20 years, most of the people that were to receive the funds ARE DEAD.
Stop bending over and letting these oil companies fuck Americans up the ass, will ya?
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