could obama have stopped this?

[historian]

According to the Nation Magazine congress has given the oil companies (including BP) subsidies of over 33 billion!!! Could Obama have vetoed these bills? If he could, why didn't he? Could it be because bp was one of his biggest campaign contributors? What is the president's authority in a case like this [ when can he veto?

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[maxsolomon]

4. ooo, burn!

welcome to DU.

[historian]

5. so much for change

[Pirate Smile]

7. Oh, I see all the rocket scientists have arrived for the night.

[historian]

9. is that supposed to be sarcasm?

[sandnsea]

14. Is that what we call them now? n/t

[Pirate Smile]

39. Yeah, until they get their comments deleted like it is now.

;)

[babylonsister]

15. I bet you didn't mind when idiot son was playing golf. nt

[historian]

19. of course i did!

I despise that cretin with a passion and no. im not a repuke in disguise

[babylonsister]

29. That was directed at another poster, not you. nt

[MineralMan]

32. Oh, my...

Feeling bold, are we?

[PBS Poll-435]

2. Super Popcorn!

:rofl:

:popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn::popcorn:







:eyes:

[cliffordu]

6. I'm needin' some of that!!!

:popcorn:

IBTL!!

[Pirate Smile]

3. Did you ever consider that those Bills were passed before Barack Obama became President?

[historian]

8. yes and no they weren't

That was this year alone

[JuniperLea]

18. Got links?

?

[maxsolomon]

10. the subsidies caused the failure of the BOP?

those are some powerful subsidies.

Allah/YHWH/God didn't stop it, but Obama could?

[historian]

11. he could have vetoed it

or at least commented on this during one of his speeches as something which needs to be changed

[maxsolomon]

12. specifics

he could have vetoed WHICH bill, containing WHAT OTHER MONIES for WHAT OTHER PROGRAMS?

how would that VETO have stopped this accident?

[ProSense]

16. What exactly was he supposed to veto? "at least commented on this during one of his speeches...

as something which needs to be changed"

The President Obama proposed ending oil subsidies in his , calling for it again a few weeks ago

[Richardo]

13. You need a few more details before you turn on the righteous indignation machine

Was this recent legislation? Was it part of a budget bill? Are the subsidies in the form of lease payment forgiveness or something?
Seems like The Nation would provide these details.

These subsidies may have gone into effect many years before Obama became president.

[historian]

17. to those of you who are angry at my so called righteous indignation

I suggest you go to Nation.com and read the article. That will put your mind at rest

[JuniperLea]

23. How about providing a link, as is customary...

Please and thank you.

[historian]

31. here is the link

No state in the union has been more firmly wedded to the oil and gas industry than Louisiana. No more zealous preachers of the clean oil gospel can be found than the state's politicians, who were elected by oil money (at the high end of industry campaign funding) and have defended the industry from regulation (including wetland protections), reduced its royalties with tax breaks and "royalty holidays" (thereby depriving the US Treasury of some $53 billion in revenues from existing offshore leases) and beaten the drums for opening the Atlantic Coast and the Arctic National Wildlife Refuge to oil development... because Louisiana's experience showed oil and the environment to be so compatible. State brochures feature pelicans and oil platforms against the setting sun.
http://issuu.com/thenationmagazine/docs/nation20100712?viewMode=magazine&mode=embed

[JuniperLea]

35. And you connect dots to Obama from this how?

I think most of us are well aware that Lousiana is having a hard time serving two masters... but I still don't see how you're connecting this to Obama.

[babylonsister]

38. Just an fyi, Obama isn't from Louisiana. nt

[Peacetrain]

20. Well you might want to look at the history, historian.. actually the truth is...

http://www.reuters.com/article/idUSTRE6103RM20100201
Feb 1, 2010


WASHINGTON (Reuters) - The Obama administration on Monday asked Congress for a second time to end some $36.5 billion in subsidies for oil and gas companies, saying it would help fight global warming.

Green Business | COP15 | Gulf Oil Spill

In its proposed budget for the government's 2011 spending year that starts October 1, the administration said eliminating the subsidies would "foster the clean energy economy of the future and reduce our reliance on fossil fuels that contribute to climate change."

The industry tax breaks that would be lost include: deductions for certain drilling costs, tax credits for low-volume oil and gas wells and a manufacturing tax deduction for oil and gas companies.

"We will not continue costly tax cuts for oil companies," President Obama said.

The changes would take effect on January 1, 2011, and save $36.5 billion over 10 years, according to the budget proposal.

[JuniperLea]

25. I love how smart and fast you are!

:hug:

[Peacetrain]

27. google is my friend

:hug:

[JuniperLea]

30. You got mad Google skilz!

I don't have the time or patience... I rely on sweet peaches like you for that stuff:D

[Kerrytravelers]

21. "Could it be because bp was one of his biggest campaign contributors?"

Haven't we been over this? The contributions he received from BP were small, individuals who donated small amounts of money.

http://mediamatters.org/blog/201005240042

EXCLUSIVE: Debunking the myth of Obama's "BP cash"

Like clockwork, media outlets seized on Palin's accusation and cited Center for Responsive Politics' calculation that Obama had received $71,051 in BP-linked contributions for his presidential campaign. Only problem is, contrary to Palin's and the media's suggestions, all of that money came from BP employees, not BP the company. A spokesman for the Center for Responsive Politics confirmed Monday that "the $71,051 that Obama received during the 2008 election cycle was entirely from BP employees." The CRP spokesman also stated that "Obama did not accept contributions from political action committees, so none of this money is from BP's PAC. And corporations themselves are prohibited from donating directly to candidates from their corporate treasuries."

Why is this an important distinction? Because Obama raised far more money than any other candidate ever has, therefore, it is completely unsurprising that Obama also received the most amount of money from BP employees. Moreover, BP-linked contributions to Obama's campaign are a drop in the bucket when compared to Obama's total campaign haul. In addition to the $71,051 Obama received from BP-linked contributors in 2008, Obama's 2004 Senate campaign raised $6,000 from BP-linked sources, bringing Obama's total BP-related campaign contributions to 77,051. This represents less than .01 percent of the nearly $800 million that Obama raised for his campaigns.

http://mediamatters.org/research/201006190004

NY Times falsely reports that Obama took BP PAC money for 2008 campaign
June 19, 2010 1:07 pm ET — 13 Comments

The New York Times reported that "in the 2008 election cycle," Barack Obama "took in $77,000" from BP "executives and its political action committee." In fact, Obama received $71,051 in BP-linked donations in 2008, and all of that money came from BP employees, not from BP's PAC, according to the nonpartisan Center for Responsive Politics.

From a June 18 New York Times article:
NY Times: Obama "took in $77,000 from company executives and its political action committee" in 2008 election cycle
Democrats continued to make use of Mr. Barton's apology to BP, using it to portray Republicans as beholden to big oil. Mr. Barton, the senior Republican on the Energy and Commerce Committee, worked as a consultant to Atlantic Richfield Oil and Gas Company before being elected to Congress. He has long been one of the top beneficiaries of campaign donations from big energy companies, cornerstones of the Texas economy.

But in going after Republicans, the Democrats' attacks gloss over a more complicated picture.

The largest beneficiary of campaign donations from BP in the 2008 election cycle, for instance, was President Obama, who took in $77,000 from company executives and its political action committee. This year, Senator Blanche Lincoln, Democrat of Arkansas and chairwoman of the Agriculture Committee, leads all candidates with $286,000 in donations from oil and gas companies.

In fact, Obama received no BP PAC money for 2008 campaign

Obama received no PAC money from BP during his presidential campaign. Contrary to the Times' claim that Obama "took in $77,000" from BP "executives and its political action committee," during "the 2008 election cycle," Obama received $71,051 in BP-linked contributions during his presidential campaign, and $6,000 in 2004, according to the Center for Responsive Politics. All of the BP-linked money Obama received for his 2008 campaign came from BP employees, not from BP's PAC or from the company itself. A spokesman for the Center for Responsive Politics confirmed that "the $71,051 that Obama received during the 2008 election cycle was entirely from BP employees." The CRP spokesman also stated that "Obama did not accept contributions from political action committees, so none of this money is from BP's PAC."

Donations from BP or its employees represent 0.01 percent of Obama's total fundraising. As Media Matters senior fellow Jamison Foser has noted, Obama has raised more than $799 million for his campaigns. The $77,051 he has received from BP's PAC and employees accounts for less than 0.01 percent of Obama's total campaign contributions.

http://www.examiner.com/x-12720-DC-Policy-Reform-Examiner~y2010m6d2-Obamas-campaign-donations-from-BP-employees-not-company-WSJ

Obama's campaign money from BP employees, not company or BP's PAC

The Wall Street Journal, no liberal newspaper, is calling out Sarah "Addicted to Oil" Palin for suggesting that President Obama's response to the Gulf oil spill has some connection to campaign contributions from BP. What hypocricy: the Palin family lived on BP checks for 20 years while Todd Palin was employed as an oil field worker.

Obama received $71,051 in BP-linked contributions for his presidential campaign, according to the nonpartisan Center for Responsible Politics. All of the money came from BP employees, not the company. Obama did not accept contributions from political action committees; none of this is from BP's PAC.

The difference is notable because Obama raised far more money and from far more individuals than any other candidate during the presidential campaign so it makes sense that he would raise more from BP and many other company employees. The BP contributions, however, represent only .01 percent of the nearly $800 million Obama raised. I'd call this a tiny drop in the bucket.

As for the veto, I don't know enough about that to comment one way or the other. Perhaps there was more involved in the bills and more would have been lost, such as needed social programs.

[PBS Poll-435]

24. + A Brazillion

:thumbsup:

[JuniperLea]

28. Wish I could K&R your post...

I'm off to put disruptors on ignore... I've had enough of this bullshit.

[Name removed]

33. Deleted message

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[Name removed]

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[demmiblue]

22. Link, please.

[Political Tiger]

26. BP was NOT "one of his biggest campaign contributors."

That's a Sarah Palin talking point and it's sad to see people on DU repeating it!

http://mediamatters.org/blog/201005240042

[Blue-Jay]

34. My god...

My God, it's full of Derp!

[JuniperLea]

37. Derp... by a Dee Dee Dee...

:eyes:

[spanone]

40. no linky, no thinky

[MiniMe]

41. He can only sign or veto what cogress passes

[amborin]

42. Obama waived royalty taxes for offshore drilling......

[SmileyRose]

43. YES

unfortunately his "Wonder Woman" costume was at the cleaners and the lasers he shoots from his belly button were down for lint removal. So yeah, he could have stopped this if only he had bothered to stick a Q tip in there and keep the fuzz out.

Look, BP ran the rig. BP dug the hole. BP put money into candy and gum instead of back up wells and standby cleanup equipment. Blaming anyone else and asking Barack Obama to be some sort of combo of Houdini and Batman and Carnac the Magnificent is just silly. IMHO