Wednesday, June 16, 2010
Being President Barack Obama
President Obama never ceases to amaze. His steadiness is extraordinary. Yesterday's speech left me quite disappointed. I wanted to hear him talk policy. He did not. But the BP announcement today has made me very happy. Carol Browner, White House Energy Adviser, impressively outlined the agreement with BP. There will be a $20 billion independent escrow account that isn't a "floor or ceiling" and a $100 million fund for the people of the Gulf which will expedite the claims process. This does not change or preclude any other future claims. "All rights of the claimants are preserved," said Browner. This a first in the history of a multi-national company. Bravo, Mr. President!