George Bush Has No Credibility On The Economy

Run time: 05:09 https://www.youtube.com/watch?v=xu79VLjlyDY   Posted on YouTube: September 18, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 21, 2008 By DU Member: L. Coyote Views on DU: 701

 
Speaker Pelosi addressed reporters today on the current economic crisis, saying:

One thing is clear: George Bush and John McCain have no credibility when it comes to the economy. Just the brevity of the President's statement. We wondered if he was ever going to come out of hiding on this subject. He came out and in one minute he said very little. What was expected was an explanation to the American people of what has happened because it has a direct impact on their lives. What would be hoped for would be an apology to the American people for the situation that we're in.

George Bush and John McCain, as I said, they have no credibility. How else could John McCain in the midst of the greatest financial crisis since the Great Depression tell the American people, "the fundamentals of our economy are strong"? What could he have been thinking? George Bush and John McCain neither understand the economic hardships facing Americans, nor do they have solutions to address the crisis.

You know that much of this happened because of lack of regulation, lack of oversight in terms of the Administration making sure that these financial institutions were capitalized as they took risks.

This is what this is. This is the failure of an ideological "anything goes" economic policy. They call it the free market. Democrats support the free market and we want to encourage the markets. But it's not a free market when you can run wild, anything goes, privatize the gain, nationalize the risk and when you fail, the middle class bails you out. It's just not fair. It's just not right.

So when John McCain says, when he told the Wall Street Journal, "I am the greatest deregulator you'll ever interview," what a sad boast. What a sad boast. Especially in light of the consequences of that deregulation.

To aggressively address the final crisis, we will investigate the Bush Administration's mismanagement of financial market regulation, how it led to this crisis, and what solutions Congress can act upon. We hope we can work together with the Administration on this, that they will have some positive initiatives.

gave it 5 stars on youtube - thanks for posting it!

she is a Republican mole.
Kissing the vampire elites behinds since she was
put in office. I don't trust her
no matter what comes out of that mouth.
She needs to go, along with the rest of the
lame Democrats in congress.

This gal has SET on her hands while the White House has finished dotting the eyes and crossing the tees when there's been evidence to put them out of power for years. NOW she's going to scold them??? Sorry Nancy - you're as guilty as they are! :evilgrin:

...don't wait until thing go totally into the sewer!

I hope that's not a prediction. I want to hear her say, NOT THIS TIME, BOYS, NOT THIS TIME!

Why is the rest of the world not helping us out on this? There were other banks throughout the world that held these triple B mortgage bonds. Why is it that our tax dollars, and our children's tax dollars will have to bail out big money? When times were good these privateers were riding high, and mostly voting Republican. These people primarily wanted deregulation, and spoke out of both sides of their mouth about the benefits of the Free Market. Now they get to keep their millions, and we get to pay for their mistakes. Injustice.