The Power of Citizen Journalism
Post News ($)»     Post Blog»     Upload Image»     Groups»     Events»     Alerts»     How do I ...»
Email Print Share

Email this article

Recipient email:
Your email:
optional
Message:
optional

article imageBush On Economy Woes: 'Wall Street Got Drunk'

Posted Jul 23, 2008 by  Chris V. (cgull) in Politics | 15 comments | 314 views
Next in Politics
Related News
Advertising
U.S. President George w. Bush spoke at a political fundraiser recently, where he talked about economy woes and the mortgage mess in the country. Bush joked that his buddies on Wall Street screwed up big time.
Bush apparently had asked the cameras to be turned off at a political fundraiser for Pete Olson, but someone taped the conversion and posted it on YouTube. Major networks didn’t show this video, with the exception of an ABC-TV outlet in Houston and the Houston Chronicle.

Usually, Bush supports Wall Street and blames other people or factors for the U.S.'s current economic troubles and mortgage woes. This time, he blamed his friends:

Wall Street got drunk, it got drunk, (it’s one of the reasons I asked you to turn off your 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.

He also made fun of the housing mortgage crisis:

"And now 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… She’ll be deciding, thanks for the suggestion! I suggest you don’t yell it out when she’s here. Later, telling her “Hey honey, we’ve been on government pay now for 14 years... so go slow!"

Thank you, Mr. Bush for being compassionate about the economy and mortgage crisis in the country.

Sorry that the millions of people who lost all their money, livelihood and homes can’t laugh at your jokes.
article:257749:13::0
4 subscribers
Subscribe To This Thread[?] :
  • avatar Posted Jul 23, 2008 by  Cynthia T. [Picasso]
    #1
    It must be easy to make fun of all the "poor" people who have lost or will lose their homes when you are among people like you that don't have to worry about their home.

    Really, really funny,
    “Hey honey, we’ve been on government pay now for 14 years... so go slow!"
  • avatar Posted Jul 23, 2008 by  Chris V. (cgull)
    #2
    @ Cynthia T. [Picasso]
    It must be easy to make fun of all the "poor" people who have lost or will lose their homes when you are among people like you that don't have to worry about their home.

    Really, really funny,
    Some lost all their life savings and banks are foreclosing and people are able to recover only less than 100,000 dollars, if they had more they lose it completely thanks to federal regulations. Billions of money have been squandered and this guy is joking around, because he is not affected by it, if he is he would have cried.
  • avatar Posted Jul 23, 2008 by  Pamela Jean (GotTheScoop)
    #3
    Makes me sick - Bush is such a horrific person. He managed to run this country right into the ground.

    I am TOTALLY humiliated to think that I actually voted for the man.......I now realize how full of sh*t politicians are - on either side of the fence.

    With millions of people losing their homes, I can't understand how he could stand up there and joke and brag about the fact that he and Laura are house hunting. He has NO compassion for the citizens in this country - none.
  • avatar Posted Jul 23, 2008 by  Chris V. (cgull)
    #4
    @ Pamela Jean (GotTheScoop)
    Makes me sick - Bush is such a horrific person. He managed to run this country right into the ground.

    I am TOTALLY humiliated to think that I actually voted for the man.......I now realize how full of sh*t politicians are - on either side of the fence.

    With millions of people losing their homes, I can't understand how he could stand up there and joke and brag about the fact that he and Laura are house hunting. He has NO compassion for the citizens in this country - none.
    Well said Pamela, you are in the mortgage industry and know more than us and you must have seen plenty of hardship on both sides. The mortgage industry CEOs still got plenty of bonuses, while their companies went down the drain like Fannie Mae and Freddie Mac.

    Here is a great comment from a DJ User, [url= http://www.digitaljournal.com/article/257748 t=_blank]John. This sums up for us.

    As an American, and by that I mean someone who holds the Constitution to be the definition of America, these last seven years have been frightening. Many people who attain power seek to gather more and more of it. History has bared this out. But without the support of others it is not possible to gain ultimate authority. That is what is so troubling about what has been happening. Bush is just a dim delusional simpleton. I don't say that as a cutting remark - it's just the truth.

    Why has there been such support for his oligarchy? Why has there been so little resistance to this systematic dismantling of America? That is where the real tragedy lies. It proves that this American experiment can be subjugated to the will of a few.

    So what am I supposed to do? Vote? Write an angry letter to my congressman? Protest on the street? I get the feeling that the powers-that-be are simply entertained by these toothless attempts to have my voice count.

    I don't believe there are very many people out there who know just how dark the future is for our country. I'm afraid my kids will never live in an America that lives up to its potential.


  • avatar Posted Jul 23, 2008 by  lensman67
    #5
    @ Pamela Jean (GotTheScoop)
    Makes me sick - Bush is such a horrific person. He managed to run this country right into the ground.

    I am TOTALLY humiliated to think that I actually voted for the man.......I now realize how full of sh*t politicians are - on either side of the fence.

    With millions of people losing their homes, I can't understand how he could stand up there and joke and brag about the fact that he and Laura are house hunting. He has NO compassion for the citizens in this country - none.

    You got that right!!!!

    His mom, who I happen to think is really a good person, is just as out of touch as her son. In an interview a while back she said she couldn't understand what all the economic fuss was about. She didn't know anyone who was suffering. That is sad because, as I said, she is really a nice person but is so cut off from the day to day reality of average Americans that she really doesn't know what we are suffering because of her idiot son.

    On the other hand McClain's top economic adviser is Phil "what recession" Graham, thinks that all this that we see around us is just a figment of our imaginations and that we should quit whining. After all, he and his corporate pirate friends did just swell during the Kleptocracy of George Bush the lesser.
  • avatar Posted Jul 23, 2008 by  Sykos Masters
    #6
    Dubya is a disgrace. I can't believe that a sitting president would be a) so insensitive, and b) such an idiot to think that cameras weren't rolling.

    I can only hope that you guys in the U.S. get somebody qualified to lead your country this time around. On the bright side, you're unlikely to elect someone more moronic than Dubya.
  • avatar Posted Jul 23, 2008 by  Chris V. (cgull)
    #7
    @ Sykos Masters
    Dubya is a disgrace. I can't believe that a sitting president would be a) so insensitive, and b) such an idiot to think that cameras weren't rolling.

    I can only hope that you guys in the U.S. get somebody qualified to lead your country this time around. On the bright side, you're unlikely to elect someone more moronic than Dubya.
    LOL to your second comment, any one else will be a major improvement. But sadly there are many who are totally unaware of this and other things, still like him and will do the same next time also. The media doesn't criticize him because the companies behind the media are making huge profits because of his actions, why would they criticize him?
  • avatar Posted Jul 23, 2008 by  Samantha A. Torrence
    #8
    no no no, see this is just spin.

    Wallstreet did get drunk, it got drunk, it got high, and thus screwed the rest of us royally.

    Secondly the housing crisis hasn't hit Texas as bad. As someone who has been hit hard by the economy and am close to losing a house and even I can laugh at it. Peeps need to lighten up. =P =)
  • avatar Posted Jul 23, 2008 by  Chris V. (cgull)
    #9
    @ Samantha A. Torrence
    no no no, see this is just spin.

    Wallstreet did get drunk, it got drunk, it got high, and thus screwed the rest of us royally.

    Secondly the housing crisis hasn't hit Texas as bad. As someone who has been hit hard by the economy and am close to losing a house and even I can laugh at it. Peeps need to lighten up. =P =)
    You should tell that to the people who lost the money. Why can't he give a damn solution instead of making jokes. We don't need a comedian in the White House.
  • avatar Posted Jul 23, 2008 by  Samantha A. Torrence
    #10
    C'gull. I am one of those people. Look at the comment again.
  • avatar Posted Jul 23, 2008 by  Pamela Jean (GotTheScoop)
    #11
    Sam - I am shocked that after all that has happened in this country you could actually DEFEND the statements Bush made in this video........You can say "oh, the housing crisis isn't as bad in Texas" as if this gives Bush an excuse for his callous statements. I was not only pissed by his telling Laura to "go easy" but to make the assinine comment that they have been living on government pay for 14 years so "go easy" is so insulting, degrading and demoralizing to anyone that a) works in a government position - implying that it is a low paying job and b) a total put down to anyone struggling out here in the real f'ing world!
    Bush and his cronies passed many, many laws that allowed the entire deregulation of the mortgage industry that caused this total collapse in the first place.......and now he stands up and makes jokes about it?!
    So totally sick and wrong imo. I know your husband serves in the military, and because of his loyalty and training and the things he has been programmed (yea, I said it - programmed) to believe about the President and just what a wonderful guy he is, trying to protect our country from the "Axis of Evil" and the "Terrorists" - I consider it all a crock and am just absolutely disgusted by my own country.
    We are spiraling the drain, and NO ONE wants to deal in that reality........
  • avatar Posted Jul 23, 2008 by  Sykos Masters
    #12
    @Chris & Pamela

    I believe Sam was being sarcastic, she simply forgot the tags:

    *** sarcasm on ***

    no no no, see this is just spin.


    *** sarcasm off ***
  • avatar Posted Jul 23, 2008 by  lensman67
    #13
    George Bush joking about the economy he helped screw up is just about as funny as Marie Antoinette telling the starving peasants of France "They have no bread? Then let them eat cake!"

    (Yes I know that she never said that but the story is still good)

    But of course neither story is half as funny as McCain's "chief economic adviser" Phil Graham claiming that the recession is all just a figment of our imaginations and that we should "quit whining" because he and his friends are doing fine--thank you very much.
  • avatar Posted Jul 23, 2008 by  Cynthia T. [Picasso]
    #14
    The economy is something to joke about. Tell that to the young family I know that that are concerned that he will get a permanent "layoff" in the next week or two. They have three children so how will he take care of his family as jobs are hard to come by in Michigan.

    Tell that to a family that I know that had their house foreclosed on because of the economy. They lost all the equity they had in that home and will they ever be able to recoup that money? Doubtful since they are in their mid forties the same as the other family.

    Maybe Graham should personally call them and tell them to stop their whining.
  • avatar Posted Jul 23, 2008 by  Pamela Jean (GotTheScoop)
    #15
    Yea, joke about the family I know where the wife ran a successful retail store for 13 years and just had to liquidate all her assets and got literally pennies on the dollar and closed the doors - her husband isn't fairing any better....his auto repair business is on the brink of bankruptcy, they have tapped any equity they had in their home and are on the verge of divorce because of the stress. She found another retail job as a store manager and is working 60 hour work weeks and says that the pay she is receiving is ridiculous to what she is expected to do - but there are so many people standing in line to take her job, and she needs the money so badly, she just has to try to "buck up" -

    Yea, let's tell her and her family to quit whining.

    And the dozens and dozens of builders, Realtors, loan processors, closers, mortgage bankers, contractors, furniture salesmen, appliance salesmen, car salesmen and just about any other career you can name - all with NO sales, or such a pittance of sales they aren't able to make ends meet - let's just tell them to all quit whining and "go easy".......

    Bernanke says we might be getting close to a recessionary period - yea Ben - getting close - yea, that's it. You and your buddy Paulson have a real finger on the pulse of America for sure.....you really have a handle on exactly what the hell is going on out here in the "real world" right?

    :-(

Add a Comment

You have to Login or Register to comment


Email:
Password:
Remember meForgot password?