Posted on 09/15/2008 11:50:36 AM PDT by Sub-Driver
Press Releases Contact: Brendan Daly/Nadeam Elshami 202-226-7616 For Immediate Release 09/15/2008 Pelosi on Financial Market Turmoil: We Cannot Afford to Continue Failed Republican Economic Policies
Washington, D.C. – Speaker Nancy Pelosi issued the following statement today in response to the troubling news in the financial markets:
“In the midst of a dire economic situation, President Bush this morning characterized recent market developments as an ‘adjustment’ that can be painful for investors and employees of the firms, while Senator McCain said the ‘fundamentals of our economy are strong.’ President Bush, Senator McCain, and their Republican Party are out of touch and apparently ill-equipped to get our economy back on track.
“Millions of Americans are feeling the pain of eight years of disastrous economic policies – job losses, foreclosed homes, reduced home values, eroded pensions, high gas prices and compromised financial futures. We cannot allow the economic policy failures of the Bush Administration to continue to jeopardize the financial future of millions of Americans.
“Eight years of weakened regulation of our nation’s financial system – including a failure to regulate risky, and often predatory, lending practices – by the Bush Administration and Republicans in Congress have led us to this point, and could further erode our nation’s economic health.
“The New Direction Congress passed a bipartisan economic stimulus package earlier this year, and this summer, we passed the most far-reaching reform of the nation’s housing finance system in a generation. The House will soon take up another economic package that will create jobs and address some of the most immediate consequences of the Administration’s serious mismanagement of our economy. I hope the Administration will come to the table to do the hard work of helping address the pain of everyday Americans and begin to stabilize and grow this economy again.”
Pelosi: “WE MUST CONTINUE THE FAILED POLICIES OF THE DEMOCRAT MAJORITY IN CONGRESS!”
When Pelosi took control of Congress, DOW was at 12,400. Now it is under 11,000.
Nice going, Nan.
*PING*
Raise the question of what did the executives of Freddie and Fannie get for their “investments” in Obama?
Then end with showing how Obama’s “change” is merely the same old failed Democratic economic policies.
She may not have a clue, but she has a scapegoat--those eeeevilll Republicans!
Ditto.
I don’t mind your sending my comments to Mrs. Speaker, but I think she already knows the facts. Obviously is it not politically expedient for her to dwell on the past 2 years when she can talk about the past 8 years and ignore the prosperity of the first 6 years. This just goes to show how fast democrats can ruin the economy.
I blame all the ivy league educated folks on wall street for this mess. Many of them democrats, many of them working on Obama’s economic team.
Lets make it even more simple. Never invest in any corporation controlled by liberals.
McClatchy, Lehmann Brothers,Freddie Mac and Fanny Mae are real life models of what happens when liberals are in charge of corporations:
Please wise and conservative, never invest your hard earned savings into stock of corporations controlled by liberals.
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