The British Petroleum (BP) oil spill in the Gulf of Mexico is going to devastate the economy of the gulf states for years to come. President Obama spent the day yesterday visiting the area. He spoke briefly about the failed car bombing in Times Square and then moved on to the oil…
Let me be clear: BP is responsible for this leak; BP will be paying the bill. But as President of the United States, I’m going to spare no effort to respond to this crisis for as long as it continues. And we will spare no resource to clean up whatever damage is caused.
Meanwhile, BP is already trying to wriggle out of as much liability as it can.
A transcript of the President’s remarks follows the break.