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Sharron Angle Says BP's $20 Billion Escrow Account is a 'Slush Fund'

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Nevada GOP Senate candidate Sharron Angle labeled as a "slush fund" the $20 billion escrow account that BP agreed to establish at the insistence of President Obama. She said his administration is following "rules for radicals" by using the Gulf spill crisis to push cap-and-trade energy legislation and to penalize oil companies.
Appearing on a Nevada radio station talk show Wednesday, Angle was asked by a caller "what she thought of the $20 billion slush fund and whether or not government should be able to do that to a private company." (Listen to the audio).
"The short answer is 'no,' government shouldn't be doing that to a private company and I think you named it clearly as a slush fund," Angle said.
Sharron AngleThe fund was established to pay claims to individuals and businesses harmed by the spill.
Angle, who rode a Tea Party wave to victory in winning the Republican nomination for Senate, has since mostly laid low in an apparent effort to avoid the kind of controversy that fellow Tea Partier, Rand Paul, stepped into after he won the GOP Senate nomination in Kentucky. Paul gave an interview on a national show in which he appeared to question whether the landmark 1964 Civil Rights Act should have been used to prevent private businesses from discriminating.

Angle posted a clarification Thursday on her web site, saying, "Having had some time to think about it, the caller and I shouldn't have used the term 'slush fund;' that was incorrect."

Angle's statement said, "My position is that the creation of this fund to compensate victims was an important first step -- BP caused this disaster and they should pay for it. But there are multiple parties at fault here and there should be a thorough investigation. We need to look into the actions, (or inactions) of the Administration and why the regulatory agency in charge of oversight was asleep at the wheel while BP was cutting corners. Every party involved should be held fully accountable."
On the radio show, Angle said that "the problem, with even the EPA, is it's all about money. It's a taxing, fining agency and what we really needed was a management agency."
"What happened in the Gulf was BP didn't do their checklist. and we need somebody there to say, did you do your checklist," she said. "Well, they cut corners, didn't do their checklist (and) what we got was ... actually a criminal and local act here, because they were doing those cut corners."
"Everyone in the petroleum industry shouldn't be penalized for one bad person's actions," she said. "It would be like throwing us all in prison because one person committed murder and that's exactly what's going on here -- it's an overreaction by government for not the right reason."
Angle, who is challenging Senate Majority Leader Harry Reid, said the administration was "actually using this crisis, if you will, because they never waste one -- Saul Alinsky's rule for radicals. They are using this crisis now to get in cap-and-trade and every fine and penalty and slush fund."
Alinsky was a community organizer and his book "Rules for Radicals" was published in 1971, one year before he died.
Angle's remarks are not the first time a Republican has got into hot water by attacking the fund. Last month, Texas Rep. Joe Barton apologized to BP CEO Tony Hayward for what he characterized as a "$20 billion shakedown" of the oil company. Other Republicans quickly repudiated his remarks and Barton later backed off.

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BP offered the money for use for people who were effected by the spill. They weren't forced to put up the $20 billion, so Angle needs to find another angle. She's another Bachman, goofy.

July 11 2010 at 7:24 PM Report abuse +1 rate up rate down Reply

From reading some of the post it seems republicans will always put the welfare of corporations over what is fair for the american people.

July 10 2010 at 7:10 PM Report abuse -4 rate up rate down Reply

I bet angle would vote for giving BP a $20 billion tax break.

July 10 2010 at 6:03 PM Report abuse -3 rate up rate down Reply
1 reply to kingnus's comment

Truth is...BP and the other members of the oil industry are already recieving tax breaks and other considerations well in excess of 20 billion

July 11 2010 at 7:56 AM Report abuse -1 rate up rate down Reply

Any bets on how long it is before she backs off on this?????????

July 08 2010 at 8:33 PM Report abuse -6 rate up rate down Reply

Why should the overseers be blamed for BP cutting corners. True, it is their job to keep watch, but BP should have enough self-responsibility to not need a government "baby-sitter".

July 08 2010 at 7:28 PM Report abuse -5 rate up rate down Reply

The 20 billion dollar fund was more like a ransom demand that was paid. Funny that what happened to the criminal investigation by eric holder? Better yet why didn't BP take the 5th when questioned by the senate panel? As if there wasn't a backroom deal made before they agreed to pony up the money. I love whe they talk about an "independent third party" to oversee the fund, when feinberg is the pay czar how can they call that "independent" when feinberg won't even tell you what he is being paid?

July 08 2010 at 5:26 PM Report abuse +5 rate up rate down Reply

Get in line again New Orleans,,,someone is ging to give you guys more money. Hey let blame who is relly at fault,, the US GOVERNEMENT,,what? Make a company drilling for oil in our coastal waters gaurantee they can cap the well incase of disaster, nah lets blame everybody else but our stupid governemnt. BP put up 20 billion, the US should put up 100 billion for stupidity for letting people drill who apparently don;t know how to cap a spill.

July 08 2010 at 5:14 PM Report abuse +4 rate up rate down Reply
1 reply to drb107's comment

CJJANIS........that is why we pay all those people at MMS........under the Obama admin for 1 year 3 months prior to the spill. Guess the people Obama chose to head up these agencies just aren't competent.

July 08 2010 at 6:24 PM Report abuse -1 rate up rate down Reply

All I can say is if the people of Nevada elect Sharron Angle then you get what you deserve. There are many good passionate people in and around the Tea Party that are simply being duped. Big Government is not the problem. Bad Government is the issue. What Sharron Angle doesn't understand is that we have a big government because we are the the best country on the planet with the biggest economic engine ever developed. It takes a big government to run this thing and we should be proud of the size of our government. But there are some that would like you to believe that big government is the enemy. These are for the most part people who want big government out of the way so they can freely take advantage of others. Greed is our number one enemy. We should all thank God that we have a big government. We just need to make it better.

July 08 2010 at 5:01 PM Report abuse +2 rate up rate down Reply
3 replies to vrotonda's comment
dewitt hotel

One can tell a lot about a criticism by the clarity and logic, with which it is written. In this case, Ms. Angle's stone throwing comes across as pandering to the industry. Let alone her characterization of the cleanup fund as a "slush fund." Given our supposed ideal of free trade, companies have no limit on their profits, and they should be similarly responsible for losses. All of them. If the cleanup and other costs do not total 20B USD, BP will get their money back. Twenty billion seems cheap about now, given BP's historic tendancy to miss-state facts. In the meantime, Angle is distorting things to her own purposes. Her own angles, one might say.

Regarding the agency oversight of off-shore drilling operations, at every possibility the industry and conservative legistators campaign for less government oversight, decision making, and control. Now, Angle suggests the lack of government oversight is partly responsible. What total hypocrisy!!!! Unfortunately, I believe the government has continued a lax enforcement policy derived from years of snuggling up to industry. There are, it seems, lessons to be learned all around.

J.M. Queen

July 08 2010 at 4:44 PM Report abuse -2 rate up rate down Reply

Sharon, Rand Paul, Toomey, Palin, Steele, just keep talking!! Tell everyone what your real goals and intentions are. The more you say, the greater your chances of staying the minority in November. ALL tea party candidates have narrowed any leads they have had over their democratic challngers and a couple have already entered negative territory. You guys have all turned out to be the gifts that keep on giving. Even, a very nonpartisan statistical analysis group has the republican party picking up seats in both houses, but not taking majority control over either house. Their projections have never been wrong. They don't spin, they don't pander, they just explain what's going on. I say they are non partisan but in all honesty they could be considered right leaning. Keep it up!! the democrats don't have to do anything. You are all destroying yourselves.

July 08 2010 at 4:37 PM Report abuse -1 rate up rate down Reply
1 reply to iflyboeing777s's comment

Shhhhh! You're right, but don't tell THEM !

July 08 2010 at 6:56 PM Report abuse -7 rate up rate down Reply

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