Posted on 09/19/2008 12:01:04 PM PDT by Sub-Driver
Congressional Leaders Were Stunned by Warnings By DAVID M. HERSZENHORN
WASHINGTON — It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.
Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent and unusual evening visit to Capitol Hill, and they were gathered around a conference table in the offices of House Speaker Nancy Pelosi.
“When you listened to him describe it you gulped," said Senator Charles E. Schumer, Democrat of New York.
As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it, “There was a long pause in the room.”
Mr. Schumer added, “History was sort of hanging over it, like this was a moment.”
When Mr. Schumer described the meeting as “somber,” Mr. Dodd cut in. “Somber doesn’t begin to justy the words,” he said. “We have never heard language like this.”
(Excerpt) Read more at nytimes.com ...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Democrats don’t get “somber” over problems that affect their country. Democrats get “somber” when they know something is going to cost them their power.
“It was as if we hadn’t been doing our jobs for years, and now everything was catching up to us.”
I’m sure they will retreat to their yachts and be thouroughly rattles by it all.
It means for whatever reason that they can’t legitimately blame it on Bush or Republicans. Not that legitimacy will stop them from trying, but if this hung Bush and Republicans out to dry, they would be dancing in the streets.
If they are, in fact, “somber”, it’s because they are screwed.
I wondered why Pelosi was so subdued last night and failed to turn her press statement into an attack on President Bush. I thought perhaps she’d had a botox treatment that day.
When will they step up and accept the blame for this FIASCO? I loathe these people.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Now this was truly a “chickens-coming-home-to-roost” moment.
These professional vote-buyers will have others in the not-too-distant future when Medicare goes belly up and then the true tsunami when the great Democrat Ponzi scheme of Social Security goes bust.
I’m sure Charlie and Chris plan on retiring in splendor (they are not covered by Medicare or Social Security) before those fiscal hurricanes hit D.C.
I wonder what Barney Frank had to say?
These Democrats are such drama queens, making it sound like they saved the republic.
“Save the drama for your mama!”
I thought the same
There are the root causes of the problem!
Ding ding ding ding!
We have a winner!
Given the “braintrust” in Congress currently, I’m sure they would’ve responded similarly if Bernanke was teaching them long division.
Maybe you would have heard language like this for the last ten years, if you were doing your effing job all that time.
And no matter how scary and somber the meeting was, I am 100% positive the Democrats walked out of that meeting not thinking of ways to manage the crisis, but thinking of ways to exploit it politically.
Dodd, Schumer, Pelosi, a freaking rogue's gallery of political hacks and grifters.
Jeepus! Doesnt Dodd have oversight over much of this fiasco?
And he is clueless.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
You mean to say Chuck, stand up please, that the economy ISN'T SOUTH NOW................
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.