Gawker tries to put the President's speech into perspective (thank God):
So if Keith
Olbermann, Chris Matthews, Howard Fineman and pretty much every
other liberal pundit who freaked the fuck out over the quality
or modesty of the president's 20-minute television speech last night
would like to help the situation, they should direct more ire at the
Senate. That is where people write laws. And they don't have the
collective will or numbers right now to write a good law pricing carbon.
But what of today's White
House agreement with BP for it to set up a $20 billion, independent
escrow fund to pay claims, cancel its dividends for at least the rest
of 2010, and set up another fund compensating oil workers for lost
wages? (And that $20 billion is not a cap, either — it can, and probably
will, go up.) Those seem like pretty
strong results and displays of leadership!
Getting $20 billion out of the mega corporation is probably more than the Bush Administration took from BP in 8 years of taxation, so let's give Obama a little credit here.