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« The debt we owe to black athletes | Main | Presumption best precedes failure »
You may have heard that the President recently used an alcohol metaphor to describe the financial affairs of our nation. "[Wall Street] 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?"
First, I'd like to point out that the media hype about this is a bit overblown, as they have made it sound like he made these comments with some expectation of secrecy and confidentiality because Bush had asked people to turn off their cameras. But that's a load of crap. Clearly he knew cameras were being used -- there are repeated flashes, and the camcorder visible at 0:13 of the video doesn't appear to be hidden in any way. In fact if you listen, he says that he asked for the television cameras to be turned off. That's all. Besides, he's the President. He knows that when he speaks to any crowd anywhere, it's simply not confidential.
But second, I'd like to know what the President or Congress have suggested as a remedy, other than some hair of the dog that bit us.
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