Bush on Economy: 'Wall Street Got Drunk'

[Jayhawk]

Explaining the current economic downturn to a closed-door fundraiser last week, President Bush said, "Wall Street got drunk."

"There's no question about it," Bush said. "Wall Street got drunk, that's one of the reasons I asked you to turn off the TV cameras. It got drunk and now it's got a hangover. The question is how long will it sober up and not try to do all these fancy financial instruments."

Bush made the remark at a closed-door fundraiser for Republican Pete Olson, who is challenging Rep. Nick Lampson (D-Texas).

No cameras were allowed in the fundraiser, but an ABC affiliate in Houston acquired the video and posted it on its YouTube page Tuesday.

The Hill's Blog Briefing Room Bush on Economy: 'Wall Street Got Drunk'

[drewprof]

"that's one of the reasons I asked you to turn off the TV cameras." He would have made a fine Zimbabwe vice president

[isthisdave]

Explaining the current economic downturn to a closed-door fundraiser last week, President Bush said, "Wall Street got drunk."

Said the Bartender In Chief.

[the clk man]

Originally Posted by Jayhawk

Explaining the current economic downturn to a closed-door fundraiser last week, President Bush said, "Wall Street got drunk."

"There's no question about it," Bush said. "Wall Street got drunk, that's one of the reasons I asked you to turn off the TV cameras. It got drunk and now it's got a hangover. The question is how long will it sober up and not try to do all these fancy financial instruments."

Bush made the remark at a closed-door fundraiser for Republican Pete Olson, who is challenging Rep. Nick Lampson (D-Texas).

No cameras were allowed in the fundraiser, but an ABC affiliate in Houston acquired the video and posted it on its YouTube page Tuesday.

The Hill's Blog Briefing Room Bush on Economy: 'Wall Street Got Drunk'

I think that gw may have a better "Strategery" if he was drunk?

[elau]

Was he looking at a mirror when he said that?

[Jakarta Expat]

I am sure McBear will expand on this but it was Greenspan that slacked and almost untied the drawstrings that kept the fiscal system in tack...........

[Shane]

And who pays?

[Jakarta Expat]

Originally Posted by Shane

And who pays?

Every US citizen that exists today and future ones not even born yet, sad really............

[Shane]

Originally Posted by Jakarta Expat

Every US citizen that exists today and future ones not even born yet, sad really............

Exactly. Punish the appropriate.

[Jakarta Expat]

Originally Posted by Shane

Exactly. Punish the appropriate.

That will be tough Shane, legally too many people to point the finger at, too many legal ways to get out of the jam, the same with the war, too many legal ways to escape prosecution, the lawyers on the other hand would welcome both cases with open arms.........