Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Pelosi: Wall Street protests are a Main Street reaction to bank bailouts
The Hill ^

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."


TOPICS: News/Current Events; Politics/Elections; US: California; US: New York
KEYWORDS: california; newyork; obamasfault; occupywallstreet; partisanmediashills; pelosivotedforthat; tarp
Navigation: use the links below to view more comments.
first previous 1-2021-4041-58 next last
To: Sub-Driver
"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."

Nancy...you haven't had a cogent thought in your life. Anyone who would publicly say: "We don't have time to read the bill...just pass it!" doesn't have enough brain power to fog a mirror.

21 posted on 10/08/2011 10:17:32 AM PDT by econjack
[ Post Reply | Private Reply | To 1 | View Replies]

To: manc
Exactly, republicans should not say anything about the protesters, other than to say. There are lots of people frustrated with the dept, bailouts, and lack of jobs.

Big companies like Solyndra have gotten enough money to pay every wall Street protester $50,000. I can see why people are mad at the companies who have bought influence in this administration.

22 posted on 10/08/2011 10:17:58 AM PDT by poinq
[ Post Reply | Private Reply | To 3 | View Replies]

To: reasonisfaith

“Pelosi still thinks you can tell a really big lie and get away with it, based on how huge it is.”

Frankly, why shouldn’t she??

This is the same person who told us that 4.4% Unemployment was “The Worst Economy Since The Great Depression!”, and screamed “Where are the jobs, Mr Bush?” at the same time.

The largely gay-run media isn’t going to call her out on it, so exactly why should she be afraid of lying?


23 posted on 10/08/2011 10:18:54 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Sub-Driver

Nancy, you’re responsible for those bailouts.


24 posted on 10/08/2011 10:19:15 AM PDT by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The left voted overwhelmingly for tarp. House Repubs were the only ones to oppose it.


25 posted on 10/08/2011 10:22:17 AM PDT by lwd
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver; All

So, Nancy.

This is a Main Street reaction to bank bailouts?

http://jammiewearingfool.blogspot.com/2011/10/sick-ows-protester-defecates-on-nypd.html

Just thought I’d ask.

Jack.


26 posted on 10/08/2011 10:24:52 AM PDT by Jack Deth (Knight Errant and Resident FReeper Kitty Poem /Haiku Guy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Nothing sez Main Street better than Che Guevara look-alikes and wanna-be’s threatening Capitalists in downtown NY.

She is a cancer on the Country.


27 posted on 10/08/2011 10:24:56 AM PDT by R0CK3T
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer

Why is this old done still given a forum to emote? She’s in the minority now and needs to STFU.


28 posted on 10/08/2011 10:26:59 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Sub-Driver

Once again she has escaped the belfry. This old bat needs to be hanging upsidedown somewhere!

Shut-up Nancy, you outlived your usefullness long ago. Senile old bat.


29 posted on 10/08/2011 10:27:26 AM PDT by mardi59 (Time to turn off the tv so I don't break it..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NCC-1701

Old done should read old crone. Ooooops.


30 posted on 10/08/2011 10:28:56 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Sub-Driver
Pelosi thinks these protesters are concerned about the long term consequences of bailing out banks ... but they're NOT worried about the massive quantitative easing that's happened under Obama?

Here's my guess - most of them are clueless as to why things aren't working and they want someone - anyone - to make it better.

31 posted on 10/08/2011 10:31:52 AM PDT by GOPJ (Where is the headline that says: Obama Murders Hundreds of Mexicans! - freeper xzins)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
The face of the New DemoLiberal Party Pelosi's "God blessed" next generation leaders:
32 posted on 10/08/2011 10:33:15 AM PDT by DGHoodini (Iran Azadi)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
MAD AS A HATTER - Nancy Pelosi: Dems Have ‘Very Good Chance’ to Take Back House, June 2, 2011
33 posted on 10/08/2011 10:35:18 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Pelosi: Wall Street protests are a Main Street reaction to bank bailouts

She has certainly gone "off her meds".

34 posted on 10/08/2011 10:37:01 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Ah yes that evil TARP which many banks were forced to take and has since been repaid plus interest. Maybe we should be a bit more concerned about an over reaching Federal government playing puppeteer in the private sector Nancy


35 posted on 10/08/2011 10:37:23 AM PDT by DirtyDawg (eat fruit)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

So, why are they mad at the recipients rather than the White House and the Democratic Congress at that time? Ignorance, as usual?


36 posted on 10/08/2011 10:39:21 AM PDT by GingisK
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Grassroots my A$$...

“Make $350-650 a week “protesting” on Wall Street.”

http://newyork.craigslist.org/brk/gov/2618821815.html


37 posted on 10/08/2011 10:42:37 AM PDT by PMAS
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Pelosi perpetuates the LIE that Tea Party members spit on members of congress in DC. AB offered to pay 100K to anyone who could prove that that actually happened.

He still has the money.

38 posted on 10/08/2011 10:48:59 AM PDT by JPG (America is worth saving. All hands on deck!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

So they are protesting her sorry ass. Thanks Nancy, we did not know.


39 posted on 10/08/2011 10:55:09 AM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow democrats.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Seems like on Main Street in the real world, people are kind of laughing at the Occupants. As in, don’t they have anything better to do than pout and make messes?


40 posted on 10/08/2011 10:57:58 AM PDT by Cloverfarm (This too shall pass ...)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-58 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson