Obama makes BP pay up

Official White House Photo by Pete SouzaAs oil from the Deepwaterhorizon disaster continues to spread across the Gulf Coast of Mexico the loss of business, fisheries and tourism make the future look very bleak for those who rely on the once beautiful stretch of coast.

U.S. President Barack Obama's fourth visit to the area affected by the BP spill has renewed his opinion that BP should have to fix the problems they have caused.

In Obama's first address from the Oval Office, he promised his country that "we will make BP pay for the damage their company has caused". The President explained about his plans to make BP supply a fund to support the families and lives that have been affected by the oil spill.

"I will meet with the chairman of BP and inform him that he is to set aside whatever resources are required to compensate the workers and business owners who have been harmed as a result of his company's recklessness," said Obama in his address.

Today Obama, the BP chairman, Carl-Henric Svanbarg, the chief executive officer, Tony Hayward, and other sr. executives were to meet at 10:15 this morning for 20 minutes. Two hours later it seemed the first face to face meeting, since the April 20th rig explosion, had run over the scheduled length.

Some media outlets have reported that BP has agreed to set up a $20-billion fund for the spill's victims.

Lawyer Kenneth Feinberg, the same lawyer who oversaw the payments to 9/11 victims, will distribute the fund to those along the Gulf Coast.

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