Nine Percent Nan speaks.
Lets blame someone.
How about the jerks that ran Lehman?
She wants the economy to succeed as much as she wanted the Coalition to win in Iraq.
I should point out that since the democrats have taken control of congress the economy has tanked. Statistics prove that two years ago the US economy was going just fine?
I should point out that since the democrats have taken control of congress the economy has tanked. Statistics prove that two years ago the US economy was going just fine?
Well, 9% Nancy, tell us what legislation to prevent this situation you promoted in the last 2 years as Speaker of the House ?
This stanky wench makes my skin crawl.
The dems and their buddies in the media are rrying to find a “crisis” to get the steam back in the Obama campaign.
I guess the “MARKET IS IN TURMOIL” is going to be it for this week.
What a corrupt bunch of slags.
Raising capital gains tax, raising the dividend tax, raising taxes on income over 250,000 dollars, increasing union participation, increasing environment regulations, increasing protectionism is the way to solve the financial turmoil.
ELECT OBAMA NOW.
Too bad Charlie Gibson wasn’t there to grill her on specifics, like what have the Dems done since they were in control?
(Then again, Gibson is like that troll guarding the bridge in Monty Python and the Holy Grail - lobbing softball questions to Obama (WHAT is your favorite color?) and tough ones at Palin (WHAT is the average flight speed of an unladen swallow?).
Dem strategy has been to lay low, do nothing except attack Bush, and wait until they have a Dem president and huge majorities in Congress. But since the Palin pick and the Obama anb media meltdown, that’s looking less and less likely. I hope!
Can someone please ask Pelosi why she continues to have a man who admits to not knowing about the tax code in charge of THE TAX CODE???
But you could point out that Freddie and Fanny were BIG money backers of the Democratic Party. But they wouldn’t like that known.
I guess Nancy forgot it’s her party in charge. Gas has gone up $2 a gallon since they took over. She wonders why congress has an approval rating of 9%.
This woman doesn’t have a clue.
It was the Democrats who pushed for the banks to fund all those subprime loans. You know, so the poor people could get in on the real estate bubble too.
Bubbles burst. This one’s all theirs.
The U.S. economy ex-distortion (Kevin Phillips)
“The real numbers, to most economically minded Americans, would be a face full of cold water. Based on the criteria in place a quarter century ago, todays U.S. unemployment rate is somewhere between 9 percent and 12 percent; the inflation rate is as high as 7 or even 10 percent; economic growth since the recession of 2001 has been mediocre, despite a huge surge in the wealth and incomes of the superrich, and we are falling back into recession. If what we have been sold in recent years has been delusional Pollyanna Creep, what we really need today is a picture of our economy ex-distortion. For what it would reveal is a nation in deep difficulty not just domestically but globally.
Undermeasurement of inflation, in particular, hangs over our heads like a guillotine. To acknowledge it would send interest rates climbing, and thereby would endanger the viability of the massive buildup of public and private debt (from less than $11 trillion in 1987 to $49 trillion last year) that props up the American economy. Moreover, the rising cost of pensions, benefits, borrowing, and interest paymentsall indexed or related to inflationcould join with the cost of financial bailouts to overwhelm the federal budget. As inflation and interest rates have been kept artificially suppressed, the United States has been indentured to its volatile financial sector, with its predilection for leverage and risky buccaneering.”
Read more at http://www.harpers.org/archive/2008/05/00820
Excuse me Nancy, but I don’t see minority leader in your title. Where’s the investigation? Let’s see whose policies led to this. Let’s hear how Gorelick amongst other RAT leaders of Freddie and Fanny managed the “independent” business.
This started years ago and its failed Democrat policy at the core. Someone needs to be smart and throw this back in her face. Pelosi is no more than a puppet. a stuffed idiot.
Nancy Bellicosi needs to explain to us why Americans who happen to be Democrats aren’t complicit in the greedy housing speculation binge that is now unraveling?
The blind leading the blind.
She also still believes that gov’t “creates jobs.” When you create a gov’t job, you destroy a job somewhere else via taxing businesses & people so that less people are hired in the private sector. Private sector businesses pays taxes.
Net-net it’s zero jobs created.