Bloomberg News declares President Obama's wresting of $20 billion from BP to be a "political victory." The headline is more cautious -- "Obama May Get Boost" -- but the article itself is unequivocal: "President Barack Obama scored a political victory by pressuring BP Plc to commit $20 billion for damages from an environmental disaster." The Bloomberg editors don't seem to have been reading Larry Elder, Steve Chapman, or Rich Galen.
Bloomberg on Bullying BP
https://www.futureofcapitalism.com/2010/06/bloomberg-on-bullying-bp
by Ira Stoll | Related Topics: Energy, President Obama, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list