Quick Hits: Bush Gets Hammered

Sarah Levy  Jul 23, 2008 12:15 pm

Quick Hits: Bush Gets Hammered
 
Brief scrutiny of today's headlines.
 

 
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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Comments (19) See All Comments »
07-24-2008, 11:15 am
Uh, it is July of 2007. A.D.
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07-24-2008, 11:25 am
Perhaps you are referring to the German Fed? Even the U.S. Fed's mission statement claims broder goals. If the Fed stuck to just managing inflation, then we could give it just one failing grade. The U.S. Fed clearly watches the S&P tick by
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07-24-2008, 1:20 pm
The 125% LTV mortgages were announced at the top of the market. But I doubt many were in the pipeline. I do remember lots of unsecured credit card debt being put on 2nd mortgages and home equity line of credit loans. It was very common for $50k in cr
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07-24-2008, 1:52 pm
...And Mozillo upped his stock sales while "Rome" burned. Insider trading, you thinK? Why isn't this man in jail?
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07-24-2008, 3:58 pm
.. I can't believe that idiot EvilBusHitler Jr. talking like an idiot is STILL considered 'NEWS'...

.. The whole government has been acting like it's in a drunken stupor for 7 1/2 years now... only 6 more months o
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