Nancy Pelosi blames Republicans for nation’s ills

Politico ^

[Sub-Driver]

Nancy Pelosi blames Republicans for nation’s ills

By: Simmi Aujla June 8, 2010 10:40 AM EDT

House Speaker Nancy Pelosi, speaking to a friendly audience of progressive activists, was ready to cast blame for the country’s troubles Tuesday morning.

She blamed the exploding national debt on the Bush administration and said Democrats’ push to invest in education, job creation and health care would bring America out of its financial troubles.

“President Obama and the Democratic caucus have saved this country from a financial crisis created under the Bush administration,” Pelosi told the America’s Future Now gathering in Washington.

She blamed Republicans for de-regulating big oil, assuring the receptive crowd that BP would be held accountable for its handling of the oil spill in the Gulf of Mexico.

And she had harsh words for Wall Street, as the House and Senate get set for a final conference committee on a financial reform bill.

“No longer will recklessness on Wall Street be able to cause joblessness on Main Street,” she said. “No longer will those on Wall Street be able to privatize the gain and nationalize the risk, send the bill to the taxpayer if things don’t go their way,” she said.

She said the oil spill crisis highlighted the difference between Republicans and Democrats approach to problem solving.

“It seems to me the choice is clear,” she said. “Democrats want to rein in big oil, the Republicans say no. Democrats wanted to rein in health insurance costs, the Republicans said no. The Democrats are reigning in big banks and the Republicans are saying no.”

[Eagle of Liberty]

“No longer will recklessness on Wall Street be able to cause joblessness on Main Street,” she said. “No longer will those on Wall Street be able to privatize the gain and nationalize the risk, send the bill to the taxpayer if things don’t go their way,” she said.

Nancy, they can do this because YOU CREATED LEGISLATION TO ALLOW FOR THIS!

We are NOT in a Capitalist economy since so many in Congress have tried to lessen the businessman's fears of failure. Not only have they constructed a safety net for the poor, but they have constructed a safety net for many of the RICH. Now SHE wants to come out and demonize them?

[NCC-1701]

This is a stupid question but didn’t the dims regain control of both houses in 2006? If so, that was a full two years before Bush left office. They had those two years, along with the last year and a half to screw this country royaly.

No, the economic woes we are enduriong now is totally the fault of the dims. It’s been their show for quite a while. With the addition of THE 1 in the WH, this mess is their baby. It’s not ours.

[NCC-1701]

“...I expected Nancy to blame God for the nation’s woes....”

Let her try THAT. She would then have more problems than a mere pesky re-election thingy to worry about. God will NOT be mocked.

[Oldpuppymax]

I don’t think this is selling to ANYONE but your own, willing audience, San Fran Nan!!!

[sickoflibs]

RE :”She (Pelosi) blamed the exploding national debt on the Bush administration and said Democrats’ push to invest in education, job creation and health care would bring America out of its financial troubles. (YEP, THAT AND HUGE TAX INCREASES ON US LOL) “President Obama and the Democratic caucus have saved this country from a financial crisis created under the Bush administration,” Pelosi told the America’s Future Now gathering in Washington. “

I still love this woman, if Democrats lose the House next year Republicans will lose a great political asset in her as Speaker. She is crazier than hell (heck, she's from California super liberal district.)

What concerns me is all this hatred on the left disrupting Pelosi’s Health reform pitch. Will Chris Matthews do a special on this left hatred against Pelosi like he is doing one on the Tea Party (called Rise of the NEW Right)? Pelosi Bodyguard Fears for Speaker's Safety as Liberals Get Violent at Progressive Conference

[Gilbo_3]

sadly, one of her looney cali peasants will be the one that attacks physically, and we’ll get a 24/7/365 look into the one time they listened to hannity back in 03’ while gettin an oil change...

[MollyKuehl]

I personally think that all these stories on progressives eating their own are simply distractions. Simple tactics used to make us believe that we're on the right path, that we're effective and give us a false sense of security and success. It is the same as the left and MSM keeps calling conservatives racists, homophobes, etc. We're so concentrated into defending ourselves and proving otherwise, we stop focusing on the goals: 2010 and, especially, 2012.

I could care less if they attack their own. It's just part of the game and we should stop paying attention to their nonsense and continue on true conservative activism, the only thing which will ensure our success in 2012.

[bestintxas]

Obama just says “kick asses” instead.

True leadership on display.

Never their fault, someone else’s.

[The Duke]

What’s a “Republican”?

[Buckeye McFrog]

No headline could surprise me less.

(except potentially “Johnny Knoxville, star of Jackass, Tragically Killed Taping 20th Anniversary Episode”)

[Eagle of Liberty]

I do recall oil at $135/bbl and her response was to outlaw 3-way lightbulbs.

Obama Energy Policy during those oil per barrel costs:

WASHINGTON – If you think there isn't urgency to getting Congress to drop its bans on offshore drilling and development of the ANWR oil reserves, listen to what Democratic presidential candidate Barack Obama had to say in Missouri yesterday.

"There are things you can do individually, though, to save energy," Obama said. "Making sure your tires are properly inflated – simple thing. But we could save all the oil that they're talking about getting off drilling – if everybody was just inflating their tires? And getting regular tune-ups? You'd actually save just as much!"

Obama energy policy: 'Inflate your tires' Candidate claims oil savings would equal new production plans

And he said this BEFORE America elected this moron!!!

Oh, and NANCY was Speaker at THIS point in history TOO!!!

[Fantasywriter]

“For my own purposes, I prefer to believe that they are evil, as opposed to insane.”

A person can be insane and evil at the same time. I think an overwhelming argument can be made that sufficient evil, if left unchecked over time, leads to insanity. Personally, I don’t excuse Pelosi at all. She’s made choices all her life, and many if not most have gone against her purported faith. That level of cognitive dissonance will rot a person’s brain from the inside out, if given sufficient time.

[Fantasywriter]

“She’s insane.

You’re too kind!”

And you’re too funny. Thanks, I needed a good laugh. :)

[Liberty Valance]

Bela Pelosi has been weilding the Speaker of the House gavel since ‘06. Much of that time with a filibuster-proof majority. Responsiblity for the nations ills lies with 9% Nancy.

[Liz]

Pelosi blamed the exploding national debt on the Bush administration and said Democrats’ push to invest in education, job creation and health care would bring America out of its financial troubles. "President Obama and the Democratic caucus have saved this country from a financial crisis created under the Bush administration,” Pelosi told the America’s Future Now gathering in Washington. “

[Liz]

How Obama "Stimulated" the Economy......by run-away spending

The US Treasury entry must be seen in this context. COS Rahm Emanuel took control of the US Treasury when he crept into our WH. "Professor" Obama knows nothing about high finance----but Rahm toiled on Wall Street before coming into government (Congressman for 4 terms, Clinton henchman and Fannie Mae looter).

Behind The Real Size of the Wall Street Bailout (more like $14 trillion)
Mother Jones | Dec. 21, 2009 / FR Posted January 04, 2010 by E. Pluribus Unum

A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.

The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:

Treasury Department bailout programs (controlled by Rahm Emanuel)

Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].

--SNIP--- long read

Federal Reserve bailout programs

Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.

Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.

Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.

Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.

--SNIP--- long read

=============================================

HOW DID THIS GANGSTER GOVERNMENT SCAM $14 TRILLION? PROBABLY LIKE THIS (the Madoff MO): Creating a labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in miltiple places overseas that hid thievery, money launderering and tax evasion.

At least half a dozen people in the Obama admin are going to walk away from “ Public Service “ living like the Sultan of Brunei.

[sickoflibs]

I was making light of it. Democrats are in a corner here because November elections are looking like a perfect storm against them and they are trying to hang onto some Jewish voters.

Meanwhile the libs in the party (The Nation types) are upset over both Israel and BP and want Obama to get tough on both of them, they LOVE the UN. It’s a no win for democrats.

Bush got Republicans into a no-win late 2006-early 2007 on immigration reform and got both hispanics and conservatives mad (pretty much everyone), a gift to democrats. I don’t miss those days at all.

[Eagle of Liberty]

Dept of Justice gets MORE MONEY that NASA?!!! WTH!!!

[freekitty]

Pelosi’s last stand before she is booted from office.

[DoughtyOne]

I take it all with a grain of salt. I agree with you.