Bush's Secret Speech: "Wall Street Got Drunk." President Admits Big Business's Fault In Recession, Makes Light of Mortgage Crisis

News Type: Event — Seeded on Wed Jul 23, 2008 8:23 AM EDT

Article Source: The Huffington Post

politics, bush, video, president, republican, wall-street, george-w-bush, abc, houston, secret-speech

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."

Published to:

Killfile's Column, All of Newsvine
Groups: Left of Center, Open Minded, Political Analysis, The Big 2008 Election, US News and Views
Regions: none

What's this?

Who's leading the conversation?

This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.

1.1

{"commentId":2258544,"authorDomain":"killfile"}

Killfile

The whole speech is available on ABC's site. See the link at the bottom of the seeded story to find it. The story behind this story is that Bush has a seperate set of information that he's prepared to dispense to those that show up for fundraisers. Given the demographics we're talking about that means Bush has one story for the wealthy and one.... for the rest of us.

{"commentId":2258544,"threadId":"318044","contentId":"1688698","authorDomain":"killfile"}

1 vote

#1 - Wed Jul 23, 2008 8:51 AM EDT

{"commentId":2272260,"authorDomain":"sbutki"}

Scott (Scoop) Butki

Makes one wonder what else he says when he thinks there's a private audience.

My biggest surprise is that anyone in this day and age would think a president could give a private speech and not expect it to show up on YouTube. Did nobody learn from when that happened to Obama (his speech in SF) or Bill (his comments about the Vanity Fair article)?

{"commentId":2272260,"threadId":"318044","contentId":"1688698","authorDomain":"sbutki"}

#2 - Thu Jul 24, 2008 4:24 PM EDT

{"canLink":false,"threadId":"318044","isPrivate":false}

KILLFILE

Backyard

Bush's Secret Speech: "Wall Street Got Drunk." President Admits Big Business's Fault In Recession, Makes Light of Mortgage Crisis

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF: