Quick Hits: Bush Gets Hammered Sarah Levy Jul 23, 2008 12:15 pm |
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Perhaps you've heard: President Bush thinks that "Wall Street got drunk." After asking guests at a private fund-raiser to turn their cameras off (clearly, at least one person didn't), Bush continued: "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?"
But before we attack the President for making light of the economic downturn, we have to ask ourselves: Is he onto something?
President Bush may not be the go-to guy for things like bringing home the troops or reducing the deficit, but the man knows a thing or two about intoxication. So when he says that Wall Street got drunk, we should give him our full attention.
So why couldn't Bush express his opinion on camera, even if his word choice was admittedly less than ideal?
With media attention centering around presumptive nominees Obama and McCain, Bush has managed to stay out of the (usually negative) limelight that's dogged him throughout his presidency. Therefore -- while it's understandable that he'd enjoy a respite from 8 years of Saturday Night Live sketches and calls for his head on a platter -- Bush shouldn't have been so camera-shy.
Of course, the "pot calling the kettle black" jokes were inevitable. But you'd think that Bush would have realized long ago that privacy is one luxury the president can't afford.
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No positions in stocks mentioned.
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