Thread: Obama Making Granny Eat Dog Food Sez Brits.

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  1. #1 Obama Making Granny Eat Dog Food Sez Brits. 
    Barack Obama's attacks on BP hurting British pensioners

    Barack Obama has been accused of holding "his boot on the throat" of British pensioners after his attacks on BP were blamed for wiping billions off the company's value.

    By Louise Armitstead and Myra Butterworth
    Published: 10:12PM BST 09 Jun 2010

    City investors said the president was jeopardising the pensions of millions with his "excessive" criticism of the energy company following the Gulf of Mexico oil spill.

    Before the accident on April 20, BP was Britain's biggest company, with a stock market value of 122 billion. Since then, 49 billion has been wiped off its value.

    On Wednesday, BP's share price fell a further 17.35p to 391.55p representing a 40 per cent drop on the 655p price of a share two months ago.

    Experts have said that the clean-up costs of the oil spill will run to between 10 billion and 20 billion but the biggest cost to the company is from investors dumping stock for fear of BP being further punished by the US Government.

    Those fears have been heightened by Mr Obama's increasingly aggressive rhetoric towards BP, which some investors see as an attempt to deflect criticism of his own handling of the crisis. Last month, a White House spokesman said the President's job was to keep his "boot on the throat" of the company.

    In the past week, Mr Obama, who insists on referring to BP by its former name British Petroleum, has suggested that its chief executive, Tony Hayward, would have been sacked if he worked for him.

    BP's position at the top of the London Stock Exchange and its previous reliability have made it a bedrock
    of almost every pension fund in the country, meaning its value is crucial to millions of workers. The firm's dividend payments, which amount to more than 7 billion a year, account for 1 in every 6 paid out in dividends to British pension pots.

    BP is so concerned about Mr Obama's power to affect share value that it has urged David Cameron to appeal to the White House on its behalf. Downing Street, however, has refused to get involved. "We need to ensure that BP is not unfairly treated it is not some bloodless corporation," said one of Britain's top fund managers. "Hit BP and a lot of people get hit. UK pension money becomes a donation to the US government and the lawyers at the expense of Mrs Jones and other pension funds."

    Mark Dampier of the financial services company Hargreaves Lansdown said: "[Mr Obama] is playing to the gallery but is not bringing a solution any closer. Obama has his boot on the throat of British pensioners. There is no point in bashing BP all the time, it's not helpful. It is a terrible situation, but having the American president on your back is not going to get it all cleared up any quicker."
    Telegraph
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  2. #2  
    CU's Tallest Midget! PoliCon's Avatar
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    He doesn't care what Britian says - he only cares what france and our enemies say.
    Stand up for what is right, even if you have to stand alone.
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  3. #3  
    Quote Originally Posted by PoliCon View Post
    He doesn't care what Britian says - he only cares what france and our enemies say.
    I care. It makes me laugh. :D
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  4. #4  
    Super Moderator bijou's Avatar
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    A little satire seems appropriate here:


    OBAMA STARTING TO SOUND LIKE A BIT OF AN ARSE
    10-06-10

    PRESIDENT Obama's handling of the Gulf oil spill is starting to make him come across as a bit of an arsehole, it emerged today.


    In the past week British liberals have become increasingly distressed at the president's political exploitation of anti-UK sentiment and his constant use of the world 'folks'.

    And as the White House threatened legal action against BP but none of the American companies it was working with, Britons who just 18 months ago were cheering on the Obama campaign have this week found themselves quietly typing the word 'Bhopal' into Google. ...
    http://www.thedailymash.co.uk/news/i...-201006102804/
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  5. #5  
    He should have never sent that bust of Churchill back across the pond. :D
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  6. #6  
    Power CUer noonwitch's Avatar
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    BP is blaming Obama for the financial fallout of their oil spill? Their stock value is dropping fast. I don't think Obama has anything to do with that, when customers decide to take their business elsewhere.
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  7. #7  
    NeunElfer SuperMod hampshirebrit's Avatar
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    Quote Originally Posted by noonwitch View Post
    BP is blaming Obama for the financial fallout of their oil spill? Their stock value is dropping fast. I don't think Obama has anything to do with that, when customers decide to take their business elsewhere.
    The stock value is dropping at least as much because Obama is trying to deflect attention away from his own administration's culpability and can't keep his yap shut.

    Perhaps you (and he) should consider that BP contributes 3 times the tax revenue to the US government that it does to the UK government and there are more than 3 US BP employees for each 1 UK employee.

    And it hasn't been called British Petroleum for years. It's just BP.
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    nie vergessen, nie verzeihen.
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  8. #8  
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    Quote Originally Posted by hampshirebrit View Post
    The stock value is dropping at least as much because Obama is trying to deflect attention away from his own administration's culpability and can't keep his yap shut.

    Perhaps you (and he) should consider that BP contributes 3 times the tax revenue to the US government that it does to the UK government and there are more than 3 US BP employees for each 1 UK employee.

    And it hasn't been called British Petroleum for years. It's just BP.
    The ignorance of liberals is astounding. Most think that oil companies are evil and let's tax the shit out of their profits cause they make too much money. Dummies in the US do not understand that billions are invested in pension funds. So Obama's big mouth is not helping to clean up the oil spill nor it is helping the stock price of BP. They will find out when they get their quarterly or yearly statement. The Teachers Union in NY may be shitting bricks.

    If I was CEO, I just might say f...you Obama and leave. Pay the $65 billion dollars in damages and say have a good day. I would love to see the CEO put big mouth in his place but that will not happen. Obama and his thugs from the Justice Dept. send lawyers to sue. Putting all the blame on BP is the game plan cause Obama is not a leader or a game solver; he is just a Chicago style politician. :mad:.
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  9. #9  
    Senior Member marinejcksn's Avatar
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    Quote Originally Posted by Gingersnap View Post
    He should have never sent that bust of Churchill back across the pond. :D
    Or gave 'ol Brownie Region 1 DVD's in exchange for a pen made from the HMS Resolute. :D
    "Don't vote. It only encourages the bastards." -PJ O'Roarke
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  10. #10  
    Power CUer noonwitch's Avatar
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    Quote Originally Posted by lacarnut View Post
    The ignorance of liberals is astounding. Most think that oil companies are evil and let's tax the shit out of their profits cause they make too much money. Dummies in the US do not understand that billions are invested in pension funds. So Obama's big mouth is not helping to clean up the oil spill nor it is helping the stock price of BP. They will find out when they get their quarterly or yearly statement. The Teachers Union in NY may be shitting bricks.

    If I was CEO, I just might say f...you Obama and leave. Pay the $65 billion dollars in damages and say have a good day. I would love to see the CEO put big mouth in his place but that will not happen. Obama and his thugs from the Justice Dept. send lawyers to sue. Putting all the blame on BP is the game plan cause Obama is not a leader or a game solver; he is just a Chicago style politician. :mad:.


    I don't think oil companies are evil, but BP is ultimately the party that is responsible for this spill. It's their rig.
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