uscitizen
Villified User
July 22, 2008
Bush on Economy: 'Wall Street Got Drunk'
@ 5:23 pm by Andy Barr
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.
Last week, Bush indicated that he fears YouTube moments such as this making it to the web.
http://briefingroom.thehill.com/2008/07/22/bush-on-economy-wall-street-got-drunk/
For the youtube vid.
http://www.youtube.com/watch?v=eXj4-PFuMLc&eurl=http://briefingroom.thehill.com/2008/07/22/bush-on-economy-wall-street-got-drunk/
Bush on Economy: 'Wall Street Got Drunk'
@ 5:23 pm by Andy Barr
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.
Last week, Bush indicated that he fears YouTube moments such as this making it to the web.
http://briefingroom.thehill.com/2008/07/22/bush-on-economy-wall-street-got-drunk/
For the youtube vid.
http://www.youtube.com/watch?v=eXj4-PFuMLc&eurl=http://briefingroom.thehill.com/2008/07/22/bush-on-economy-wall-street-got-drunk/
