"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.

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.

Tagged as: bush, recession, housing crisis, bush fundraiser, censored video, leaked video, wall street got drunk