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How ‘Speaker’ Pelosi Screwed The Pooch

The rant from the “gentle woman from California” that helped turn the tide against the “bailout bill”:

Pelosi: “When was the last time someone asked you for $700 billion?

It is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies—policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.

Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos…”

Ms. Pelosi is either too stupid or partisan (or both) to be in such an important position of national responsibility.

By the way, to address just one of the speaker’s myriad lies, check out The Myth Of The Clinton Surplus.

This article was posted by Steve on Monday, September 29th, 2008. Comments are currently closed.

14 Responses to “How ‘Speaker’ Pelosi Screwed The Pooch”

  1. bill says:

    I stop at she is just a moron. Unless I get confirmation from her doctor that the botox has gotten to her brain.

    Why don’t we try free markets, remember the 1986 Act that ended the tax breaks for rent property, that took down the housings market and about 1000 S&Ls. Maybe we should just put the rental rules back in place, likely to trigger a stampede to buy up rental property and get the tax write offs. Couldn’t cost any more than handing over $700 billion with no strings.

  2. Consilience says:

    The federal government should get out of the way—there is little or nothing that can be “done” by the fed, but there is much to be accomplished if the fed suspends/repeals the policies that got us in this fix to begin with.
    Credit is not a civil right.
    Obama must be defeated.

  3. EvaTheFrisbeeDog says:

    She may have inadvertently done more to save free markets than she knows.

    Left without a government backstop on mortgage backed securities, the market will be forced to value these mortgages based on their own merits. At roughly 3% foreclosures, there’s a lot of value to be found. If the backers of this plan who say the government is just loaning the money and may actually make a profit on this deal are correct, then certainly the market can accurately value these securities. To start, the president should sign an executive order suspending mark-to-market accounting.

    Next, Congress should temporarily suspended the taxation of offshore profits which would stream back into the US economy. US corporations hold billions of dollars offshore because out taxes are among the highest in the industrialized world.

    There…that ought to do it. You’re welcome Mr. Paulson.

  4. logicrat says:

    How rich. Pelosi says “I must recognize the outstanding leadership provided by Chairman Barney Frank, whose enormous intellectual and strategic abilities have never before been so urgently needed, or so widely admired.”

    The same Barney Frank who had this to say when Bush tried to impose regulations on Fannie Mae/Freddie Mac back in 2003, “”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

    These democrats are absolutely shameless. Republicans had better toughen up and start calling dems out on this. Hold hearings. Name names.

    http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&scp=1&sq=%22barney+frank%22&st=nyt

  5. pinandpuller says:

    Letting Barney Frank provide leadership to this mess is like letting Lizzie Borden perform the autopsy on her parents.

  6. Exeter says:

    As SG observes, Nancy Pelosi “screwed the pooch”. Now she knows how Mr. Pelosi feels…

  7. therightguy says:

    Both. What Pelosi can’t sell is her new math. The democrats have a majority and it failed. If she was in control of her party, the dems could pass it without regard to the republicans. She may thrash all she wants, but at the end of the day she will look like what she really is: a feckless, political, self-interested virago that couldn’t give it away at Ft. McMurray in January. No one is buying it, except the truly rabid true believers and even they have their doubts.
    Jim
    http://www.therightguyshow.com

  8. Jed_Black says:

    When I watch Nan, I see Cheri Oteri doing her drugged-up, manic old lady character from SNL a few years back. Hey, speaking of SNL alums, why haven’t they asked Chris Rock to come back and do Michelle Obama? Just kidding, I know why, he’s not man enough.

  9. JV says:

    No, Pelosi doesn’t belong in such an important position of national responsibility.

    She and the other Dems who did this to America belong in prison.

  10. tblazerhoops says:

    Some one help me out. Why would Pelosi rip Bush and his Bailout, implore other House members to vote against it, and then cast a yes vote herself? I don’t get it.

  11. Colonel1961 says:

    Exeter: ‘Now she knows how Mr. Pelosi feels…’

    (Must wipe spew off computer monitor now…)

    Bravo!

  12. Eilsel says:

    Was I mistaken or was she only given a minute? she took 51/2. This is just so telling of so many things.

  13. Exeter says:

    Eisel – it was Barney Frank’s time on the floor, who granted Pelosi the time to speak. It was up to Frank to recall his time, and since he wasn’t inclined to do that, she kept going. It’s a Parliamentary Procedure thing.

  14. Lipstick on a PIAPS says:

    I smell a rat and I think the Republicans did also. First there were a helluva lot of Democrats who voted AGAINST this lifesaving legislation. Second Paul Pelosi is a MAJOR stockholder, 11 million shares of Delmonte Foods, I’ve heard. Wouldn’t ya love to have seen his stock screens on short positions on Black Monday?!? Would have been a lot more INTERESTING than Sarah Palin’s private e-mails! Nancy is an idiot but she’s not stupid, there must have been a reason for spiking the football on the 3 yard line instead of waiting until reaching the end zone.


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