Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: Bush Gets Hammered

By

Brief scrutiny of today's headlines.

PrintPRINT
Perhaps you've heard: President Bush thinks that "Wall Street got drunk."

After asking guests at a private fund-raiser to turn their cameras off (clearly, at least one person didn't), Bush continued: "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?"

But before we attack the President for making light of the economic downturn, we have to ask ourselves: Is he onto something?

President Bush may not be the go-to guy for things like bringing home the troops or reducing the deficit, but the man knows a thing or two about intoxication. So when he says that Wall Street got drunk, we should give him our full attention.

So why couldn't Bush express his opinion on camera, even if his word choice was admittedly less than ideal?

With media attention centering around presumptive nominees Obama and McCain, Bush has managed to stay out of the (usually negative) limelight that's dogged him throughout his presidency. Therefore -- while it's understandable that he'd enjoy a respite from 8 years of Saturday Night Live sketches and calls for his head on a platter -- Bush shouldn't have been so camera-shy.

Of course, the "pot calling the kettle black" jokes were inevitable. But you'd think that Bush would have realized long ago that privacy is one luxury the president can't afford.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE