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Press Releases Contact: Brendan Daly/Nadeam Elshami 202-226-7616 For Immediate Release 10/30/2008 Pelosi Statement on U.S. Economy Shrinking in Third Quarter Washington, D.C. — Speaker Nancy Pelosi today issued the following statement on third quarter Gross Domestic Product (GDP) numbers, which shrank at a 0.3 percent annual rate in the July-September, marking the worst showing since the 2001 recession, and weekly applications for unemployment benefits, which remained at 478,000, near an all time high. “Today’s GDP news and jobless claims report confirm what Americans already know: that our nation’s economy is shrinking; consumers are not spending; and businesses are producing fewer...

Pelosi: Money is Dems’ only obstacle By Alexander Bolton Posted: 10/17/08 03:30 PM [ET] House Speaker Nancy Pelosi (D-Calif.) says Democrats will expand their majority to 250 seats in the House next year and might have gone further if the party had more money. Pelosi’s stunning claim to talk show host Charlie Rose — that resources are the only obstacle holding the party back in the fall elections — is surprising given that the Democratic Congressional Campaign Committee (DCCC) has raised $120 million, or nearly $30 million more than the House Republican fundraising committee. “I have many more races I...

As the 110th Congress comes to a close, Senate Majority Leader Harry Reid says he's feeling pretty good about the work he and his colleagues accomplished. "Democrats were able to achieve many things for the American people," he said, offering as examples raising the minimum wage, increasing funding for veterans and helping consumers in a struggling economy. Add to that list new lobbying rules, an energy bill, a farm bill, and most recently an economic recover package. But as significant as those new laws are, Democrats have just as long a list of priorities they were not able to bring...

A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House. As this scenario goes, the House Democrats need 218 votes, and they have to pick up a number of black and Hispanic House members who jumped ship because the Wall Street provisions, in their view, were too benign. So things like the bankruptcy judges setting mortgage terms and rates, the...

http://www.youtube.com/watch?v=usvG-s_Ssb0 Explosive CEO calling Obama and Dems the "Family" "Conscience" of Fannie Mae The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans and the biggest offenders: Fannie Mae and Freddie Mac The Democrats have been taking PAYOFFS from Fannie and Freddie to look the other way FOR DECADES! NOW VIDEO FOUND of the CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats And specifically Barack Obama and the Congressional Black Caucus

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, [...] a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. The new agency would have the authority, [...]to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the...

What's more important to Speaker of the House Nancy Pelosi, saving the nation's economy from collapse or promoting her book?Judging from her decision to promote her book, "Know Your Power, A Message To America's Daughters", tomorrow night in her native Baltimore, the California Democrat, who is second in line to the presidency, decided the fate of the nation can wait.Baltimore TV station WJZ reported today that Pelosi is scheduled to appear at the the Enoch Pratt Library at 7 p.m. Tuesday night.According to the library's website, copies of Pelosi's book will be available for sale at her appearance.

Senate Democrats issued a counterproposal to the Treasury Department's $700 billion Wall Street bailout plan Monday that would give the government a stake in firms unloading troubled assets under the plan, and limit the pay of corporate executives involved. There would also be assistance to homeowners and localities to prevent foreclosures, and more oversight of the Treasury's actions, under the proposal released by the office of Connecticut Democratic Sen. Christopher Dodd, chairman of the Senate Banking Committee.

House Democrats are bypassing renewal of the offshore oil drilling ban by including the entire Pelosi “drill nothing” energy bill in a draft of a Continuing Resolution. HUMAN EVENTS obtained a copy of the most recent House draft CR this morning. The Pelosi bill, HR 6899, fails to open more than a miniscule part of the available offshore drilling areas and -- even worse -- it establishes permanent bans on development of most other domestic energy sources (natural gas, oil shale, etc.) and does nothing to develop nuclear power. It passed the House earlier this month and is now languishing...

WASHINGTON — Leading congressional Democrats called Monday for a cautious, deliberative approach to stabilizing troubled financial markets as lawmakers confronted this vexing issue with an election-year recess drawing near.

For at least at least a year, Americans struggling to pay record gasoline, heating oil and natural-gas prices have begged Congress to permit energy exploration off the Atlantic, Pacific and Gulf coasts, where 80 percent of the nation's known energy reserves sit just waiting to be tapped. But every time Congress had a chance to lift its moratorium on offshore drilling, Democrats and liberal Republicans told consumers to stop their whining. But with the public now solidly behind more drilling and with the congressional elections just seven weeks off, House Democrats found themselves between a rock — voters — and...

Democrats in the U.S. House want you to think that they support expanded drilling for oil and natural gas. They don't. Their vote on Tuesday proved it. New Hampshire Reps. Carol Shea-Porter and Paul Hodes voted along with the rest of Speaker Nancy Pelosi's poodle army for what they claim is a comprehensive energy bill that responsibly expands domestic drilling off our coasts. In the Atlantic and Pacific, the bill allows drilling from 100 to 200 miles offshore. It allows drilling from 50 to 100 miles offshore with state approval. The eastern Gulf of Mexico would remain off limits. Click...

How lame is the energy bill that Speaker Nancy Pelosi had her House Democrats pass through the House on Tuesday? Louisiana Sen. Mary Landrieu said before the vote that Pelosi's handiwork would be "dead on arrival" in the Senate. This from a Democrat who's up for re-election in an oil-and-gas state that would seem to gain from the bill's much-ballyhooed expansion of offshore drilling? What gives? For starters, Landrieu knows that the limited drilling the House leadership allows in principle -- it opens up waters 50 miles from shore with state approval -- is made next to impossible in practice....

Press Releases Contact: Brendan Daly/Nadeam Elshami 202-226-7616 For Immediate Release 09/16/2008 Pelosi Statement on $85 Billion AIG Loan Washington, D.C. -- Speaker Nancy Pelosi issued the following statement tonight on the announcement by the Federal Reserve that it will lend up to $85 billion to the American International Group: “The Bush Administration’s eight long years of failed deregulation policies have resulted in our nation’s largest bailout ever, leaving the American taxpayers on the hook potentially for billions of dollars. An $85 billion loan is a staggering sum and is just too enormous for the American people to bear the risk;...

It took 4.2 million gallons of oil spewing from a blowout at a rig in the Santa Barbara Channel 40 years ago to ignite the modern conservation movement, trigger new environmental protections and lead to a moratorium on new offshore oil drilling. But the high price of a gallon of gasoline is fueling a change in attitude. Recent national polls indicate that seven out of 10 people support new drilling offshore along the federal outer continental shelf, which extends from three to 200 miles beyond the shore. If costly new exploration in those areas is allowed, oil from those fields...

Nancy Pelosi’s House of Representatives yesterday passed on a party line vote a drilling bill that effectively allows no drilling. She hates drilling, and this bill was solely an attempt to avoid becoming the Former Speaker of the House. The Senate bills aren’t any better. Wherever the House bill would allow limited drilling, say in the eastern Gulf of Mexico, the Senate bill would forbid it. The real story is that the Republicans know they are on the winning side of this issue and if they can kill this legislation, the moratorium will expire on September 30, and drilling can...

FINAL VOTE RESULTS FOR ROLL CALL 599(Democrats in roman; Republicans in italic; Independents underlined)       H R 6899      RECORDED VOTE      16-Sep-2008      10:04 PM      QUESTION:  On Passage      BILL TITLE: Comprehensive American Energy Security and Consumer Protection Act Ayes Noes PRES NV Democratic 221 13   1 Republican 15 176   8 Independent         TOTALS 236 189   9 ---- AYES    236 --- AbercrombieAckermanAllenAltmireAndrewsArcuriBacaBairdBaldwinBeanBecerraBerkleyBermanBerryBishop (GA)Bishop (NY)BlumenauerBorenBoswellBoucherBoyd (FL)Boyda (KS)Brady (PA)Braley (IA)Brown, CorrineBuchananButterfieldCapuanoCardozaCarnahanCarneyCarsonCastleCastorChandlerChildersClarkeClayCleaverClyburnCohenConyersCooperCostaCostelloCourtneyCramerCrowleyCuellarCummingsDavis (AL)Davis (CA)Davis (IL)Davis, LincolnDeFazioDeGetteDelahuntDeLauroDicksDingellDoggettDonnellyDoyleEdwards (MD)Edwards (TX)EllisonEllsworthEmanuelEngelEshooEtheridgeFattahFosterFrank (MA)GiffordsGilchrestGillibrandGonzalezGordon Green, AlGreen, GeneGrijalvaGutierrezHall (NY)HareHarmanHastings (FL)HayesHerseth SandlinHigginsHillHincheyHinojosaHironoHodesHoldenHondaHooleyHoyerInglis (SC)InsleeIsraelJackson (IL)Jackson-Lee (TX)JeffersonJohnson (GA)Johnson, E. B.Jones (NC)KagenKanjorskiKapturKennedyKildeeKilpatrickKindKirkKlein (FL)KnollenbergKucinichLaHoodLangevinLarsen (WA)Larson (CT)LeeLevinLewis (GA)LipinskiLoBiondoLoebsackLofgren, ZoeLoweyLynchMahoney (FL)Maloney (NY)MarkeyMathesonMatsuiMcCarthy (NY)McCollum (MN)McDermottMcGovernMcIntyreMcNerneyMcNultyMeek (FL)Meeks (NY)MelanconMichaudMiller (NC)Miller, GeorgeMitchellMollohanMoore (KS)Moore (WI)Moran (VA)Murphy (CT)Murphy,...

Yesterday, Sen. Joseph Biden, D-Del., the Democrats' vice-presidential nominee, told those gathered to hear him in St. Clair Shores, Mich., "I could walk from here to Lansing, and I wouldn't run into a single person who thought our economy was doing well, unless I ran into John McCain." The Obama campaign announced: "Sen. Obama did a call this morning with some of his key economic advisors including Paul Volcker, Bob Rubin, Lawrence Summers and Laura D'Andrea Tyson about the state of the financial markets ... and what steps should be taken to address the problems in our financial markets and...

The House introduced new energy legislation late last night. Finally…right? The House also wants to bring the 290-page bill, which can be found here, to the floor today. You think the 435 Members in the House of Representatives are going to meticulously read all 290 pages? A bill that makes fundamental changes to thousands of pages of earlier energy bills as well as the tax code. Please. This isn’t Harry Potter. You can’t just cruise through something as complex as energy policy in one short night. It’s true that Congress should craft an energy policy as expeditiously as possible to...

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