Posted on 10/01/2008 9:56:32 AM PDT by Winged Hussar
This Monday, the stock market lost a trillion dollars in market capitalization after the House of Representatives rejected bipartisan legislation to restore the flow of credit upon which American business depends. Republican and Democratic leaders had both worked to get what they expected to be enough votes from their respective parties to pass the legislation, even though many Representatives have valid misgivings about the expenditure of $700 billion to bail out private businesses. Many of their constituents do as well, and they told their Representatives. In other words, Republican and Democratic leaders had to work hard to overcome this constituent-side pressure.
Finally, all was ready. Democrats and Republicans had agreed on bipartisan legislation, and they thought they had enough votes to pass it. Then Speaker of the House Nancy Pelosi, the individual who is but two heartbeats away from the Presidency, said this:
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.
(Excerpt) Read more at husaria.wordpress.com ...
The article concludes,
We choose a different path. In the new year, with a new Congress and a new president, we will break free with a failed past and take America in a new direction to a better future.
Elderly. Go ahead, say it. ;)
Pelousy will be replaced as Speaker next session of congress, her “15 mins” will be up and she can go back to San Francissyco and lay her line of BS on the girly-boys back there.
Regulations created the mess, and the supervisors gamed the regulations to make themselves incredibly wealthy.
They made Enron look like amateurs.
The "supervision" have names. We should name them at every opportunity. And they have congressmen and senators protecting them for hire. We should name them too.
There needs to be a regulation on Pelosi’s handing over PAC money to her husband’s company for the past 10 years.
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