BP wins $9.9B bailout

Another story you heard first from the News Newt. Or maybe not.

BP has just received a bailout of $9,900,000,000 - all paid for by you, the U.S. taxpayer.

Maddeningly, BP says it can claim this bailout as part of a tax credit incurred by the recent oil spill. In other words, it wouldn't have gotten a bailout if not for the spill.

What this really means is that BP was just paid billions of dollars by the government to spill oil and foul our beaches. Simply put, it goes like this: Spill oil, win billions. No punishment, just rewards. If you're BP, criminal negligence pays.

Maybe I'll go dump some oil somewhere so I can get paid billions of dollars.

(Source: http://www.marketwatch.com/story/bp-taking-10-billion-tax-credit-from-spill-2010-07-27?reflink=MW_news_stmp)