Obama criticizes BP advertising and dividend payments

The L.A. Times reports:

President Obama sharply criticized BP on Friday, saying the company should not waste millions of dollars on television advertising and dividend payments when the money would be better spent on people suffering from the spill. "My understanding is that BP had contracted for $50 million worth of TV advertising to manage their image in the course of this disaster," the president said.

It's good to know that the fiscal irresponsible federal government is telling a company how to run a business.