Democratic Speaker of the House, Nancy Pelosi, just moments before the “Wall Street Bailout” bill was set for a vote, took the opportunity to turn efforts to save the American economy into a partisan political moment by making a speech that damned the Bush administration and promoted the Democratic Party. Pelosi began her speech to the assembled House of Representatives by ripping the Bush Administration’s “failed economic policies – policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.” “Democrats insisted that legislation responding to this crisis must protect the American people and Main Street from the meltdown on Wall Street,” she continued. “The American people did not decide to dangerously weaken our regulatory and oversight policies. They did not make unwise and risky financial deals. They did not jeopardize the economic security of the nation and they...
Recent Comments