EXCERPTS:
"Many among the public and in the media may think that the issue is simply whether BP's oil spill has damaged many people, who ought to be compensated. But our government is supposed to be "a government of laws and not of men." If our laws and our institutions determine that BP ought to pay $20 billion-- or $50 billion or $100 billion-- then so be it.
But the Constitution says that private property is not to be confiscated by the government without "due process of law." Technically, it has not been confiscated by Barack Obama, but that is a distinction without a difference.
With vastly expanded powers of government available at the discretion of politicians and bureaucrats, private individuals and organizations can be forced into accepting the imposition of powers that were never granted to the government by the Constitution.