More interesting than any blog is reading the comments on the "methodology". On gccf website, click on "Comments on Proposed Methodology". There are many hundreds of comments from many hundreds of different people, all saying the same thing. Basically, this proposed methodology STINKS ! ! ! There are two main arguments. The idea of averaging '08 and '09 income is horribly wrong, benefits no one, and is, in fact, destructive to everyone. Those who managed to make improvements in their lives from '08 to '09 are penalized. Those whose lives were adversely affected by outside circumstances in '09 are penalized. And the bizarre notion that future Final Claims need cover no more than equal to our past eight month's losses is naive at best and pure evil at worst.
Those of us in Table Games love to give away money. We often say to guests, "We want to give you this money, it's not ours!" In the Sun Herald, Friday, Feb 2, by Harry R. Weber, AP; "He (Feinberg) has not committed to spending the entire $20 billion and has suggested previously that as long as he does his job there is nothing wrong with the idea of money being returned to bp." OF COURSE THERE'S SOMETHING WRONG ! ! ! This money was allotted by bp specifically and totally for the recovery, rebuilding, and stimulating of our entire Gulf Coast's economy! It would be purely criminal if it were not spent to the very last penny on Gulf Coast economic recovery!
This is not Feinberg's money, not the gccf's money, and not US government money that we are taking out of each others' pockets. This is foreign national money that is promised to our region. Every single cent of it should be spent for it's designated purpose.
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