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Working Families Vote 2008

"Banned" Bush Video Emerges: Blames Recession on His Drunken Wall Street Cronies

Posted by Greg Mitchell, Huffington Post at 10:28 AM on July 23, 2008.


The video George W. Bush didn't want you to see.
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Also in PEEK

Bipartisan Concern About the Dangers of McPalin’s Hate-Mongering
Emptywheel Firedoglake

Stock Market Drops 107 Points During Bush's Speech on the Economy
Amanda Terkel Think Progress

McCain-Palin Rally Attendees Say Incredible, Ridiculous Things
Seth Colter Walls Huffington Post

An ABC-TV outlet in Houston, and now the Houston Chronicle, have posted a video taken at a political fundraiser for Pete Olson, featuring George W. Bush last week -- capturing some embarrassing/revealing moments after, he noted, he had asked cameras to be turned off.

The first moments form the July 18 event find him speaking almost incoherently in admitting, for once, that his friends in big business had screwed up: "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 -- 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."

Then, making light of the foreclosure crisis, he said: "And then we got a housing issue ... not in Houston, and evidently not in Dallas, because Laura's over there trying to buy a house. [great laughter] I like Crawford but unfortunately after eight years of sacrifice, I am apparently no longer the decision maker."

(Catch the video on the flip side.)

No one is saying how ABC's Miya Shay got the video or how it emerged.


Return to PEEK  » Post Tools: email EMAIL print PRINT 24 COMMENTS PERMALINK
Also in PEEK
Bipartisan Concern About the Dangers of McPalin’s Hate-Mongering
"I accuse you of deliberately feeding the most unhinged elements of our society the red meat of hate ..."
Post by Emptywheel. October 10, 2008.		 Stock Market Drops 107 Points During Bush's Speech on the Economy
That's the kind of confidence Bush inspires these days.
Post by Amanda Terkel. October 10, 2008.		 McCain-Palin Rally Attendees Say Incredible, Ridiculous Things
File this one under the "give 'em enough rope" column.
Post by Seth Colter Walls. October 10, 2008.

Comments Turn comments off sitewide Give us feedback »
Comments closed.
The comments for this story have been closed. Thank you to everyone who participated. 		View:
Bush
[Report this comment]
Posted by: sketron13 on Jul 23, 2008 10:48 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Piece of crap. I'd give anything to get this shithead homeless and on the streets like many in this country. I wonder who would be laughing then?

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» RE: Skeltron13 Posted by: nha16
This comment has been removed from the site due to non-compliance with AlterNet's community policies.
Interesting and revealing analogy
[Report this comment]
Posted by: Drclaw on Jul 23, 2008 10:54 AM   
Current rating: 5    [1 = poor; 5 = excellent]
So-the financial industry got drunk and caused a lot of trouble..Lets parse this a little further.
1)We often hold drunk people responsible for their actions when they deliberately put themselves in a position that causes harm due to their actions (e.g. behind the wheel)
2) We regulate the flow of alcohol in various ways to reduce the possibility of (1) occurring.

I think we should continue to use Bush's analogy. It demonstrates the stunning hypocrisy and evil of our government's failure to oversee the financial industry, or to hold the executives, loan officers, bundlers etc. responsible for harm they knowingly caused because they were "drunk" on high stock prices and their ability to accumulate wealth.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Bush gets away with mocking Americans
[Report this comment]
Posted by: PakiBoy on Jul 23, 2008 10:57 AM   
Current rating: 4    [1 = poor; 5 = excellent]
because dumb Americans keep on believing in myths such as "nation of laws", "manifest destiny", "american exceptionalism", blah, blah, blah...

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Actually...he didn't really mean what he said...another bushism
[Report this comment]
Posted by: lexicon on Jul 23, 2008 1:54 PM   
Current rating: 4    [1 = poor; 5 = excellent]
When he said "hangover" he was committing a classic "bushism".

What he MEANT to say, was "overhang"...which in wall street parlance, means that you're stuck holding the bag on a bad position.

What is thus ACTUALLY said, was that there had to be a way to "cure" this "overhang"...and the way you do that, is to find a fresh batch of suckers to unload your overhang to.

lexicon

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Oh for the love of God
[Report this comment]
Posted by: rickiey on Jul 23, 2008 6:25 PM   
Current rating: 2    [1 = poor; 5 = excellent]
When crap like this is posted, it makes the ACTUAL criticisms of Bush look less legitimate.

I mean seriously, if the harshest criticism you can find of Bush is his choice of topics for humor when he thought he was in private, then you obviously are pretty damned uninformed.

What I find shocking is that Alternet wastes the space on this. And even more shocking is that I'm wasting my own words on it.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» RE: Oh for the love of God Posted by: Figfest
» RE: Oh for the love of God Posted by: Quannah
Stick to the facts...
[Report this comment]
Posted by: bigpic on Jul 24, 2008 7:26 AM   
Current rating: 2    [1 = poor; 5 = excellent]
I want Bush out as much as anybody and give him zero cred, but you make yourself less legit when you post a headline reading:"...BLAMES RECESSION ON HIS DRUNKEN WALL STREET CRONIES".

What he said was that "Wall Street got drunk...". It's not the same.

Not deligitimize what you do by oversensationalizing.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» RE: Stick to the facts... Posted by: johng
» RE: Stick to the facts... Posted by: johng
And people applaud his blabbering...
[Report this comment]
Posted by: blitzmesser on Jul 24, 2008 7:53 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Who are the morons laughing and clapping when this idiot is blabbering?

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Blame-Gamers Textbook
[Report this comment]
Posted by: Jünkentrünk on Jul 24, 2008 8:14 AM   
Current rating: 5    [1 = poor; 5 = excellent]
I wonder who he blames global warming, nukular proliferation, Gitmo, Karl Rove, Blackwater, torture, Cheney's secure, undisclosed location, Bin Laden, Condi's fabulous S&M diplomatic bootware and those rapturous Left Behind books on?

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Quit playing dumb, George. . .
[Report this comment]
Posted by: monkeywrench on Jul 24, 2008 9:13 AM   
Current rating: 5    [1 = poor; 5 = excellent]
. . . oh, wait, he's not playing . . .

Quoteth the Bozo-In-Chief:
"The question is how long will it sober up and not try to do all these fancy financial instruments."

Uh, George . . . You have a, uh, governmental agency that you could, uh, influence to stop those financial shananigans. It's called the Securities and Exchange Commission. Remember them? The agency you gutted?

Oh well; at least he got one thing right. No one can recognize drunkedness like another drunk.

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What the ****.....
[Report this comment]
Posted by: tap17x on Jul 24, 2008 1:16 PM   
Current rating: 5    [1 = poor; 5 = excellent]
........I mean, what the fuck are those morons in the audience laughing at?

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» RE: What the ****..... Posted by: deanosor
Broken video link.. interesting
[Report this comment]
Posted by: Gracews on Jul 25, 2008 5:58 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Link is still there, looks like it wants to play, but no sound & keep stopping midway, even though it is completely buffered. Great way of making content unavailable without taking it down...

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slimjim66
[Report this comment]
Posted by: slimjim66 on Jul 25, 2008 4:03 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Simply stated congress and this failed administration are telling the everyday American
citizen fuck you and your Constitution . no mr bush fuck you and congress .you lying bastards

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