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Bush: 'Wall Street got drunk and now it's got a hangover' - Americas, World - The Independent

Drying out is a subject on which President George Bush has personal insights. And when he used the metaphor of a drunk sobering up after a bender to describe America's economic travails, people sat up and listened.

"Wall Street got drunk," Mr Bush told a private gathering in Texas as he sought to explain why the world's biggest and most complex economy was teetering on the brink of recession.

When speaking in public, the President, a Harvard MBA, usually prefers euphemisms to refer to the millions of people who are hurting and losing their homes. "Challenges in the housing and financial markets," is a favourite one. But speaking to a closed-door Republican fund-raiser in Houston last week his explanation was much blunter.

by Fran (fran at eurotrib dot com) on Thu Jul 24th, 2008 at 02:14:36 AM EST
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The Great Communicamator.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jul 24th, 2008 at 03:51:43 AM EST
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Bush: 'Wall Street got drunk and now it's got a hangover' - Americas, World - The Independent
Discredited as President and so unpopular that even John McCain shuns him,

not exactly positive for the candidate either.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jul 24th, 2008 at 04:53:38 AM EST
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I have even seen some ungracious types note that it was Greenspan who kept spiking the punch bowl.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jul 24th, 2008 at 11:03:32 AM EST
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