Earlier in the week, the Republican Study Committee (the caucus of House conservatives) issued a press release calling BP's decision to open a $20 billion escrow account to compensate Gulf residents hurt by the BP spill a "Chicago-style political shakedown." Rep. Tom Price (R-GA), chairman of RSC, commented, "in an administration that appears not to respect fundamental American principles, it is important to note that there is no legal authority for the President to compel a private company to set up or contribute to an escrow account."Read More......
Now, Rep. Trent Franks (R-AZ), another member of the RSC, is attacking President Obama from a different angle. In a press release, Franks does not accuse the White House of a "shakedown," but rather blasts the president for his supposed dishonesty in taking credit for the creation of the escrow account.
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