Nancy Pelosi's Financial Crisis Bailout Partisan Train Wreck

It’s a quite difficult decision for any politician choosing between more bailout packages or letting the free market economic principles take care of the failed businesses, whether it is the financial institutions or automakers. The main focus should be defending the interests of middle-class Americans and creating a stable economic system that will guarantee long-term stability and sustainability. But here we also can face more challenges, since right now the Washington politicians are talking about the second large bailout package. If we bailout financial institutions and other industries again, when are they going to ask for the third bailout package? Or fourth? Maybe this is a time to let free market economy work rather than keep bailing out large, failed corporations? After all, it is the small and medium size businesses that create vast majority of middle-class jobs in America, not the large corporations. Maybe the government is better off to replace banks in lending practices and directly give loan packages with low interest rates to small and medium size businesses? That might work better and have a direct, immediate impact on economy and the middle-class America…

David Dzidzikashvili of MA 9:40AM January 17, 2009

Your right. Mrs. Pelosi is her own worst enemy and the Democrats are stuck with her. She is an enviromental kook and she is holding up the show. People in Arkansas are having a big laugh at Californias' expense. After all they elected her.

Tony Austin of AR 4:34PM October 02, 2008

Talk about a hyperpartisan speech! Is Speaker Pelosi really that inept?! Or was it a planned event to yet again, to bash your opponent?

Listen to the voters. We don’t want this bailout, especially in the current (106) page political “double speak”.

I woke up again this morning and, guess what? The sky was not falling, as the DC reps would have us believe, just to rush a vote on an extremely bad piece of legislation!

I suggest, if a bailout is required (which honestly, no one believes is necessary), remove all political “double speak” in this bill; remove all government involvement in the mortgage business; anyone who makes a risky investment, reaps the benefit, or suffers the consequence respectfully; and invoke terms on service in the congress and senate.

I am deeply insulted to hear and see our government representatives say that the “main street” American voter does not realize the seriousness of this economical crisis, if we don’t act now. We most certainly do understand! And that is exactly why we don’t want this bailout!!

PS: Or maybe all the Chicken Little’s in DC can pool their Fannie Mae and Freddie Mac profits and finance the bail out they are insisting on.

of WI 11:31PM September 30, 2008

I'm still shocked that the main stream press is ignoring the direct link from: Bailout>FannieFreddy>Obama, Frank, Dodd and Clinton.

They can 'follow the money' to Ted Stevens' barber's nephew's cub scout cake walk. (Not to excuse a scumbag like Stevens.)

But the repeatedly predicted collapse of F&F--THAT our brave Fourth Estate can't follow with GPS and a transcribed confession. No, it's apparently a complete mystery who in congress was flying cover for F&F's shenanigans in exchange for campaign cash. BIG campaign cash.

Between the cynical scum on Wall Street, the ideological imbeciles at ACORN and the Parliment of Whores... how does this crystal clear bit of hindsight completely elude everyone with a TV market share greater than .003?

Off to the fridge for another shot of mylanta....

RK of MN 6:33PM September 30, 2008