Obama on BP spill: Incompetent or lying?

Of course, to some degree, the two aren't mutually exclusive. But, a new report on how the government handled issues related to the size of the BP spill makes this a serious issue:

“By initially underestimating the amount of oil flow and then, at the end of the summer, appearing to underestimate the amount of oil remaining in the gulf, the federal government created the impression that it was either not fully competent to handle the spill or not fully candid with the American people about the scope of the problem.”

There you have it, in a nutshell.