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Marco Rubio backs $20 billion BP fund

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From WUSF: It’s been an ongoing controvery – whether the Obama Administration should have forced BP to set up an independent compensation fund. It led to an apology to BP from Texas Congressman Joe Barton. But fellow Republican and U.S. Senate candidate Marco Rubio said he backs the $20 billion fund.

Rubio paid a campaign visit to the south Tampa deli Datz, where the smell of corned beef on rye mixed with the mustard of election-year politics. He told the crowd the policies of the Obama administration would lead to socialism and erode the traditional American work ethic. But he did back the president’s dealings with BP.

“I think the $20 billion fund was appropriate. It guarantees that there will be money available to pay losses that exist and to make sure that the company was on board. It was voluntary, the company decided to do it.”

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Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including,,, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.

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