President Obama: BP Must Pay For Its ‘Recklessness’

President Barack Obama says he will demand that the chairman of BP must set aside whatever money is needed to compensate the many people who have been hurt by the company's “recklessness.” The president said the oil spill in the Gulf region has caused a sense of sadness and anger that goes must deeper than dollars. He spoke of anxiety that people may lose their entire way of life. Said the president, “I refuse to let that happen.” Obama was delivering his first Oval Office address to try reassure the nation he is in command of the crisis. The speech comes just ahead of his meeting in the White House on Wednesday with top BP executives. To watch an excerpt of the President's speech, click the video on the right.

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