Obama Rebukes Companies on ‘Spectacle’ of Spill Blame

Source: Bloomberg

By Nicholas Johnston and Kate Andersen Brower

May 14 -- President Barack Obama singled out executives from BP Plc, Transocean Ltd. and Halliburton Co. for blaming each other in a “ridiculous spectacle” at congressional hearings on the oil leak in the Gulf of Mexico.

“The American people could not have been impressed with that display,” Obama said at the White House. “It is pretty clear that the system failed, and it failed badly.”

The president said he still views oil exploration and drilling as part of the nation’s energy strategy, while announcing a review of procedures to assess the environmental impact of offshore drilling and vowing to end the “cozy relationship” between oil companies and federal regulators.

He made the remarks after meeting with Cabinet officials and advisers to discuss efforts to cap the damaged well and address the environmental and economic impact of the spreading oil slick. He vowed the government would continue “relentless efforts to stop the leak and contain the damage.”

Read more: http://www.businessweek.com/news/2010-05-14/obama-rebukes-companies-on-spectacle-of-spill-blame-update4-.html

big wigs of these companies to the forefront of living up to their responsibilities.

Interesting in the video of Lawrence O'Donnell and Mike Papantonio where they mention Man Slaughter charges against these corporate thugs.

something effective.