Posted on 07/23/2008 7:21:23 AM PDT by Red in Blue PA
WASHINGTON - President George W. Bush has an explanation for the housing-market meltdown that has thrown the global economy into turmoil: Wall Street got drunk.
“There’s no question about it. Wall Street got drunk,” Bush said at a private event in Houston on Friday. “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?”
(Excerpt) Read more at msnbc.msn.com ...
druck=drunk
I thought it was the Federal Reserve that was bailing them out.
If I read an earlier account correctly, Bush apparently requested that microphones/video cameras be turned off. This was supposed to be off the record.
Men may "deserve" to fail, but then many men deserve nothing more than six feet of earth.
If they all got it tomorrow, the "elect" would be rather put out to replace their efforts. Since there would be oh, maybe 5000 human beings left alive.
who cares either way? Although it might hurt his chances of being re elected, oh that’s right, he cannot run again, sorry forgot!
It was just an analogy..duh!
I don’t understand what you said.
And here come the Bush apologists right on schedule!
The easiest, most expeditious way of growing an economy is loose money (ie inflation). Add to the pot millions of new 'immigrants', all in need of food, housing, transportation, etc, and you have the instant ingredients for growth.
Now that we have won in Iraq, it's time to both deflate the monetary bubble and send the illegals packing from whence they came.
What exactly was your point with that????
It’s just an annoying reminder that the press is constantly playing “gotcha” with President Bush while obama and other idiots get their comments airbrushed and retouched for public consumption.
Maybe it is Bush that is drunk.
Exactly! He should be acting like a state trooper arresting an inebriated driver that is swerving all over the road near Kennebunkport, Maine; this president should not tolerate weak characters that cannot handle alcohol. No, oh, wait...
?
I could just imagine your reaction (and others here too) if Obama as President asked people to turn off electronic devices so he could say things like this off the record.
Between the dot-coms of the 90’s and the subprime mess I’m sort of tired of an economy that seems to prefer making money out of nothing as opposed to producing real value.
Of course I’m just a tax paying chump.
Aere you druck drunk too?
aere = are
I agree with you 100% and I know many others who do too.
I don’t know anyone (besides some people who post here) who think that loose money leading to speculative bubbles is a good thing.
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