George Bush: Wall Street is a Sloppy Drunk

Here's some "secret" footage taken last week of President Bush candidly addressing a bunch of rich people at a fundraiser after he'd told everybody to turn off their cameras.

Obviously — with an intro like that — it was gonna be filmed…

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."

People are going to make a big deal about this, but what is he really saying? That Wall Street screwed up?

Wow, that's some really heavy shit. I don't think anybody ever would have come to that conclusion on their own. Least of all, the President of the United States in a time when are feet are dangling over the edge of economic collapse.

I don't know why he asked people to turned the camera's off, though. That seems wrong. Especially since everybody knows that Wall Street drinks. It's one of the things people love about Wall Street.

Wall Street's always the guy who's real serious talking about economic downturns and foreign business models at the beginning of a party, but, by one or two, he's half-naked hanging out the window screaming that he can turn any block of home loans into a profit with just a few creative calculations.

Then the next morning he ends up in a depression. We've all seen this a thousand times.