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this is, of course, from a man who knows about getting drunk

George Bush seems determined to stay clever and relevant:

US President George W Bush has explained the credit crunch savaging US financial markets by saying “Wall Street got drunk”.
“It got drunk and now it’s got a hangover,” Mr Bush said at a private political fundraiser in Houston, Texas.

Good that he’s going with what he knows metaphor-wise.

“The question is, how long will it sober up and not try to do all these fancy financial instruments?” the president asks in the clip.

I think there’s probably less prosaic ways to describe the issues, or whether the issues were limits and not fancy instruments. But whatever, this is the festival of bad ideas.

“Not in Houston, evidently not in Dallas, because Laura’s over there trying to buy a house today,” he says to the crowd’s laughter.
Mr Bush said they were looking for somewhere to live when they leave Washington, DC, as Mrs Bush no longer wanted to live on their ranch in Crawford, Texas.

Apparently, some other village in texas is getting a village idiot. Is that a one-per-village job or is there a hierarchy? Calculated Risk is a good place to read about the reality of the housing crisis.  These quotes are from an article in bbc news, which hasn’t yet succumbed to outrage fatigue.

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