Yet another excerpt from former Bush speechwriter Matt Latimer’s upcoming book:
. . 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.”
(…)
It wasn’t that the president didn’t understand what his administration wanted to do. It was that the treasury secretary didn’t seem to know, changed his mind, had misled the president, or some combination of the three.
Frankly, I think it’s more likely that it’s the first choice that’s the most likely.
H/T: Right-Wing Liberal
