And President Bush has been recorded making light of the nation’s economic and housing woes. At a Texas fundraiser last week, Bush asked attendees to turn off their recording devices. He then said he believes Wall Street “got drunk” and is now suffering a hangover. Bush went on to address the housing crisis in light of his wife Laura Bush’s attempts to buy a home in Dallas.
President Bush: “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. And then we got a housing issue, not in Houston, and evidently not in Dallas, because Laura’s over there trying to buy a house. I like Crawford, but unfortunately after eight years of asking her to sacrifice, I’m now no longer the decision maker.”
The White House says Bush’s comments were in line with previous statements he’s made about the economy.