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Greg Mitchell

Greg Mitchell

Posted: July 22, 2008 04:50 PM

"Wall Street Got Drunk": 'Banned' Bush Video Surfaces


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."

Then, making light of the foreclosure crisis, he said: "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. [great laughter] I like Crawford but unfortunately after eight years of sacrifice, I am apparently no longer the decision maker."

No one is saying how ABC's Miya Shay got the video or how it emerged. UPDATE: The YouTube version of the video is now axed, but it is easily viewed at ABC site here:


Greg Mitchell's new book is So Wrong for So Long: How the Press, the Pundits -- and the President -- Failed on Iraq. It has been hailed by Bill Moyers, Glenn Greenwald, Arianna Huffington, even Bruce Springsteen. He is editor of Editor & Publisher.