Bush on Economy: 'Wall Street Got Drunk' - Mercedes-Benz Forum

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post #1 of 14 (permalink) Old 07-22-2008, 06:20 PM Thread Starter
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Bush on Economy: 'Wall Street Got Drunk'

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'

Don't believe everything you think
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post #2 of 14 (permalink) Old 07-22-2008, 06:26 PM
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"that's one of the reasons I asked you to turn off the TV cameras." He would have made a fine Zimbabwe vice president
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post #3 of 14 (permalink) Old 07-22-2008, 06:35 PM
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Explaining the current economic downturn to a closed-door fundraiser last week, President Bush said, "Wall Street got drunk."
Said the Bartender In Chief.
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post #4 of 14 (permalink) Old 07-22-2008, 06:36 PM
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Bush on Economy: 'Wall Street Got Drunk'

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Originally Posted by Jayhawk View Post
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?
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post #5 of 14 (permalink) Old 07-22-2008, 10:12 PM
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Was he looking at a mirror when he said that?

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post #6 of 14 (permalink) Old 07-22-2008, 10:18 PM
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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...........
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post #7 of 14 (permalink) Old 07-22-2008, 10:22 PM
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And who pays?
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post #8 of 14 (permalink) Old 07-22-2008, 10:27 PM
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And who pays?

Every US citizen that exists today and future ones not even born yet, sad really............
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post #9 of 14 (permalink) Old 07-22-2008, 10:30 PM
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Every US citizen that exists today and future ones not even born yet, sad really............

Exactly. Punish the appropriate.
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post #10 of 14 (permalink) Old 07-22-2008, 10:35 PM
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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.........
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