Posted on 10/08/2011 9:56:15 AM PDT by Sub-Driver
Pelosi: Wall Street protests are a Main Street reaction to bank bailouts By Jamie Klatell - 10/08/11 12:08 PM ET
House Minority Leader Nancy Pellosi (D-Calif.) said the Occupy Wall Street protests are a reaction government putting "Main Street at the mercy of Wall Street" by bailing out failing financial institutions.
In an interview for Sunday's "This Week" on ABC, Pelosi said that the Troubled Asset Relief Program (TARP), which was passed in 2008 when she was House Speaker and signed by President George W. Bush, was one of the causes for the demonstrations.
"I think one of the most angry responses I've seen to actions in Washington came after we passed the TARP bill. And that was the bill that pulled us back from a - a financial crisis that we - and this was during the presidency of President Bush," Pelosi said. "The thought was that when we did that, there would be capital available and Main Street would benefit from the resources that went largely to Wall Street. It didn't happen."
She said since those bailouts didn't help revive the economy, financial centers like Wall Street were a logical outlet for frustration.
"I do think that, from what we saw after TARP, that the focus on Wall Street was one that they thought was a legitimate place to go. Don't do this again; don't put Main Street at the mercy of Wall Street," she said. "Not to paint everyone on Wall Street with the same brush. That would not be fair. But actions were taken that risked our economy and we don't want that to happen again."
Democratic lawmakers began to embrace the Occupy Wall Street protests as they spread to Washington, with some likening the movement to a Tea Party of the left.
Several liberal House lawmakers endorsed the protests Wednesday, and the leaders of the Congressional Progressive Caucus said they had been inspired by demonstrators who have been arrested by the hundreds in New York City.
"I support the … the message to the establishment, whether it's Wall Street or the political establishment and the rest, that change has to happen," Pelosi said on ABC. "We cannot continue in a way that does not - that is not relevant to their lives."
Some Republicans have spoken out in opposition to the demonstrations.
House Majority Leader Eric Cantor (R-Va.) described Wall Street protesters as a mob on Friday and implied Democrats were egging them on.
"I didn't hear him say anything when the Tea Party was out demonstrating, actually spitting on members of Congress right here in the Capitol," Pelosi said. "And he and his colleagues were putting signs in the windows encouraging them. But let's not get down to that."
Shut up Nancy. You are now irrelevant. Nobody really cares what you think.
the GOP when asked about these protests should reply
“I understand why they are angry, this administration has lost so many jobs and people want jobs. They see an economy which has got worse under this president and they are angry.
I understand why they are angry that Wall street and wall street cats billionaires like George Soros has given millions to this administration and how they have helped to bail out certain companies while backing companies like GE which send jobs to China”
Jane, you ignorant slut!..
The Libs are so foolish to embrace and encourage this it will not turn out well at the ballot box. The Tea Party folks are just growing and chomping at the bit til 2012. If they have there way Herman Cain will be President.
Remember how she screamed every d@mn day, “Where are the JOBS, Mr. President?” back when unemployment was at a GLORIOUS 4.5%?
‘Dolt’ isn’t the HALF of it with this beotch...
Followed by “The Administration has lost legitimacy and must go,now.”
Pelosi still thinks you can tell a really big lie and get away with it, based on how huge it is.
The Democrats are the biggest supporters of bailouts. Washington doublespeak.
So, what was Nanny-state’s vote on TARP and the bailouts?
Thanks Sub-Driver.
Exactly right. These college kiddies weren’t all “Wee Wee’d up” when Bush was president. They must be PO’d at Barry.
Democrat born
Democrat raised
Democrat Mis-educated
Democrat brainwashed/propagandized
The Democrat feral brood pool of future Loughners.
All non-survivors.
Only in your liberal la-la land, Nance.
The rest of us know that they are the bread and butter of the Idiot Party . . . . . . aka Democrats!
Yeah, but the Tea Party are “terrorists”, right..
What it is, is an astroturfed reaction to Barack Obama’s Poll Numbers.
“House Minority Leader Nancy Pellosi (D-Calif.) said the Occupy Wall Street...”
Well good, Nancy. I guest you will want the GA office go after Jim Johnson and Franklin Rains and take them to wood shed. Oh that’s right, they are your friends giving you and Barney Frank all that legal bribe money.
However she forced the homeowners bailout part of the vote. Head of TARP said HAMP program was a disaster.
Uh...no it isn’t...Nance. Main street Americans aren’t that filthy and stupid.
She’s such a dolt...........
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Sorry, but YOU owe all legitimate dolts an apology.
Recognizing the fact that my eyes hurt when I read what this person says but if one is to interpret it correctly, Does she not say that the reactions of the public are due to something SHE and her minions caused and effected, but since Bush was DUMB ENOUGH (my interpretation) to sign it, it is his fault.
Try to tell me the Libs aren’t alone in their little world, and yes, the complete stupidity of the party as a whole is definitely living rent free in my head and I doubt I will ever ‘forgive’ the complete idiots that voted this mess into power.
Goal 1 is to keep the House, Goal 2 should be to regain the Senate and Goal 3 is to unite behind the R nominee to oust the current pResident of 1600 PA Avenue.
Need 1 & 2 just in case BO remains in office.
So liberals back protests where hundreds are arrested for attacking police officers, vandalism and other illegal activities.
Good.
Let’s compare to the Tea Party where no arrests were made, no police attacked, no vandalism or other illegal activites.
Let’s ask American whose side do you want to be on?
So liberals back protests where hundreds are arrested for attacking police officers, vandalism and other illegal activities.
Good.
Let’s compare to the Tea Party where no arrests were made, no police attacked, no vandalism or other illegal activites.
Let’s ask America whose side do you want to be on?
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