BP Bailout: Heresy In Louisiana

BP Bailout: Heresy In Louisiana

by Capitol Confidential

The Louisiana oil crisis continues unabated. Oil continues to pollute the Gulf and the Obama Administration continues to fiddle while Louisiana suffers.

In addition to being angry with BP and the Obama Administration’s weak response, activists have taken to the street to protest Louisiana’s Senators’ support for a BP bailout. Apparently both Louisiana Senators decided to cater to the special interests and voted for the Durbin Amendment to the Financial Reform bill that would increase the profits of companies like BP by shifting the cost of credit transactions away from them and forcing consumers to pay for them instead.

http://www.youtube.com/watch?v=R622FPS2ZOo&feature=player_embedded

Both parties are responsible for the passage of the Durbin Amendment to bailout BP and other big retailers.

But Louisiana voters are more sensitive than most to the impact of the vote. The House and Senate Conference is now formally meeting on the Financial Reform bill and activists from Louisiana are right to demand this egregious giveaway be removed from the bill.

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