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."
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.
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.
“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?
Nancy, you’re responsible for those bailouts.
The left voted overwhelmingly for tarp. House Repubs were the only ones to oppose it.
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.
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.
Why is this old done still given a forum to emote? She’s in the minority now and needs to STFU.
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.
Old done should read old crone. Ooooops.
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.
She has certainly gone "off her meds".
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
So, why are they mad at the recipients rather than the White House and the Democratic Congress at that time? Ignorance, as usual?
Grassroots my A$$...
“Make $350-650 a week “protesting” on Wall Street.”
http://newyork.craigslist.org/brk/gov/2618821815.html
He still has the money.
So they are protesting her sorry ass. Thanks Nancy, we did not know.
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?
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