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Born at the Crest of the Empire

Wednesday, September 16, 2009

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Matt Latimer teasing his new "insider" book in GQ, talks about Bush just an hour before the TARP speech,
In the theater, the president was clearly confused about how the government would buy these securities. He repeated his belief that the government was going to “buy low and sell high,” and he still didn’t understand why we hadn’t put that into the speech like he’d asked us to. When it was explained to him that his concept of the bailout proposal wasn’t correct, the president was momentarily speechless. He threw up his hands in frustration.

“Why did I sign on to this proposal if I don’t understand what it does?” he asked.
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