Obama slams BP for spending millions on damage control

President Barack Obama on Friday criticized oil giant BP for spending $50 million on television ads to manage its public image. He also was not happy about the company planning to distribute $10 billion in dividends to shareholders this quarter. 

"They've got a moral and legal obligation to the Gulf," he told reporters, adding that he did not want BP "nickel-and-diming the folks down here" when it comes to making them whole for the oil spill that has negatively affected their lives.