EconWatch.com > Bush on Economy: 'Wall Street Got Drunk'

The Hill's Blog Briefing Room[The Hill's Blog Briefing Room] Bush is 100% right, the greed of Wall Street lead to this, which was compounded by the Fed putting way too much money into circulation and investors knowing the risk was minimized by the Gov't bailing out financial institutions in a time of crisis. If the Gov't left the free market alone, or had a history of leaving the free market alone, businesses would not have an incentive to take as many risks, but if they did that I guess people would have to actually be responsible for themselves.

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bobbyLandhttp://bobbyland.wordpress.com/2008/07/23/bush-on-economy-wall-street-got-drunk/ [bobbyLand] Bush on Economy: ”˜Wall Street Got Drunk’: Bush’s greatest assets can also be one of his weaknesses.  In this day and age most people don’t take the time to read something all the way through.  They just see a headline that says, “Bush commented that Wall Steet got Drunk” and that’s what they run with.  ABC, CBS and NBC know this and it’s the reason why they have sucess in easily discrediting Bush by posting fancy one-liners that speak in absolutes.  President Bush has a gift of putting things in layman’s terms.  It’s not easy to do when you’re above average intelligence.  Reagan was the same way.  It’s these politicians that speak in a language that most of us don’t understand (or sometimes don’t WANT to understand) that make things too complicated to where people are just reaching for the one-line absolute…..

Salonhttp://www.salon.com/politics/war_room/2008/07/22/bush_drunk/ [Salon] Bush's economic analysis: "Wall Street got drunk," now hungover: A reader just let me know about President Bush's latest piece of trenchant analysis of the country's economic situation. Seems Bush was at a closed fundraiser in Houston, Texas on behalf of a Republican congressional candidate last week, and had asked for the cameras to be turned off, but not everyone complied.

MemeStreams Top URLshttp://www.memestreams.net/thread/bid39526/ [MemeStreams Top URLs] The Hill's Blog Briefing Room » Bush on Economy: 'Wall Street Got ...: 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."

Polichicks Online[Polichicks Online] George W. Bush's economic theory: Wall Street is so totally wasted: Wall Street got drunk, it got drunk...it's one of the reasons I asked you to turn off your TV cameras. It got drunk and now it's got a hangover.

House Price Crash News Bloghttp://www.housepricecrash.co.uk/newsblog/2008/07/blog-world-leader-talks-economics-15565.php [House Price Crash News Blog] hills blog: Bush on Economy: 'Wall Street Got Drunk': 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."

ippimail.com[ippimail.com] Bush redefines US economic downturn, saying, ”˜Wall Street got drunk’: During Texas fundraiser, US president made sure cameras were off before addressing financial crisis. Read the full article (Dan Glaister)

dailyfx Forum[dailyfx Forum] On Economy, Bush Faults 'Drunk' Wall Street: Bush normally uses measured tones to describe the challenges facing the US economy, but at closed-door fundraiser he blamed Wall Street for getting "drunk."http://feeds.wsjonline.com/~a/wsj/xm..._7031?i=IzbkVZ ...

Business blog[Business blog] “Wall Street got drunk”: Bush at private event (Reuters): The video shows Bush joking with a friendly crowd and musing about his life when he leaves the White House in January. "We've got a housing issue,"

PoliJAM Bloghttp://polijamblog.polijam.com/?p=1597 [PoliJAM Blog] Bush: ”˜Wall Street Got Drunk,’ and Now It Has a ”˜Hangover’: While speaking to the audience about the economy, President Bush told the crowd: “There’s no question about it. Wall Street got drunk, that’s one of the reasons I asked you to turn off the TV cameras.

Brave New Films bloghttp://bravenewfilms.org/blog/46554-bush-wall-street-got-drunk [Brave New Films blog] Bush: "Wall Street Got Drunk": The president called for all cameras to be switched off before this speech at a closed-door fundraiser for Republican Pete Olson in Houston. He then admits that the American economy is in serious trouble:

The Swamp[The Swamp] Bush: Wall Street's 'hangover': "There's no question about it, Wall Street got drunk,'' Bush told his audience last week, adding with a smile: "That's one reason I asked you to turn off your TV cameras.

TeamsterNet Latesthttp://www.teamster.net/Forums-f29/Open-Forum-f52/Bush-s-Economic-Analysis-t48421.html [TeamsterNet Latest] Bush's Economic Analysis: "wall Street Got Drunk," Now Hungover: ABC News' Houston affiliate obtained some footage from the event, and the Houston Chronicle's Beltway Confidential blog has posted that video, which can be seen below. In it, Bush says: Wall Street got drunk -- that's one of the reasons .

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