When asked why she didn't bear responsibility in the AIG bonus scandal resulting from the TARP and stimulus bills she worked feverishly to rush through Congress, Nancy Pelosi said, "Is it worth it to transfer hundreds of billions of taxpayer money, as Secretary Paulson asked us?" "What are the results? Where is the credit circulating on Main Street? Our people are afraid of losing their jobs, losing their homes, losing their pensions, losing the college education of their children. It's just not right."...
You're right it's not ! YOU promised us that TARP wasn't just for Wall Street. That it was needed for Main Street, for credit, to keep people in their jobs, from losing their homes, pensions and college education funds for their children !!!
It was YOU who tried to cutoff debate on the House version of TARP, chided the American public with 'they just didn't get it' when they implored Congress not to vote for the measure, mocked the previous administration for the need for the relief, castigated the Republicans for its failure to pass and then engineered passage in the House of the Senate version of TARP. YOU beamed with smug satisfaction when the stimulus bill was similarly pushed through without meaningful debate or review and then took credit for being the principal architect of its provisions but got 'pissed off' when conferees knocked some of your more egregious social spending programs out - condoms ! for economic recovery ???.
Your indignation rings hollow and hypocritical ... but then you're still running true to form !
LONDON FREE PRESS, Oct. 3rd 2008
House Speaker Nancy Pelosi, D-Calif., said the bill was needed to “begin to shape the financial stability of our country and the economic security of our people.” Typifying arguments the problem no longer is just a Wall Street issue but also one for Main Street, lawmakers from California and Florida said their state governments were beginning to experience trouble borrowing funds for their own operations.
Pelosi said, “We must win it for Mr. and Mrs. Jones on Main Street.”
BOOMERS_BANK, Oct. 3rd 2008
House leaders said the difference was lawmakers’ work to shift the focus from the bailout of financial companies to the boost it would give homeowners, small businesses and individual investors.
“All the attention was on Wall Street, and we wanted to turn that attention,” Pelosi said after the vote.
SAN DIEGO UNION TRIBUNE, Sept 26, 2008
Pelosi accused Republicans of "choosing to protect oil companies rather than schools, libraries, and road building."
THE AGE, Sept. 27th, 2008
When Ms Pelosi replied "it's not me blowing this up, it's the Republicans".
REUTERS, Sept. 27th 2008
"It would be my hope, that this could be resolved today, that we had a day for the American people and members of Congress to review the legislation on the Internet that we could bring something to the floor possibly Sunday night or Monday morning," Pelosi said.
CNN, Sept. 29th 2008
Republican leaders, who had pushed their reluctant members to vote for the bill, pointed the finger for the failure at a speech given Monday by Speaker Nancy Pelosi, D-Calif.
Pelosi, speaking on the House floor, had blamed the nation's economic problems on "failed Bush economic policies."
THE SWAMP - TRIBUNE's WASHINGTON BUREAU, Sept. 29th 2008
"When was the last time anyone ever asked you for $700 billion?'' House Speaker Nancy Pelosi (D-Calif.) asked the House near the close of debate Monday.
"It's a staggering figure.... $700 billion, a staggering number, but only a part of the cost of the failed Bush economic policies to our country,'' Pelosi said, blaming Bush for inheriting a budget surplus and turning it into a record deficit with " reckless economic policies.... "It's really an anything goes mentality, no regulation, no supervision, no discipline.
"And if you fail, you will have a golden parachute, and the government will bail you out,'' Pelosi said. "Those days are over. The party is over.''
CNN, Feb. 12th 2009
Pelosi, however, said Thursday that, "We're proud of the product ... this is historical and transformational."
"While we would have liked to had more Republican support for it, and hopefully we will, we stand as Democrats ready to be accountable to the American people for this legislation and for the results we predict it will bring," she said.
WASHINGTON POST, Feb. 12th 2009
House Speaker Nancy Pelosi (Calif.), along with many other House Democrats, was disappointed that the final package more closely resembled the Senate's bill than the House's spending-rich package. But she called the legislation "historic and transformational" for its investments in Democratic social priorities.
"Let's just say it was a success," Pelosi told reporters.
FORBES, Feb 12th 2009
House Republican Leader John Boehner, R-Ohio, calls it "the trillion-dollar spending bill that stressed-out taxpayers feared it would be," after hundreds of billions of dollars in interest are factored in.
Nonetheless, Democrats are confident it will create at least 3.5 million jobs within the next two years. "We will be accountable for this," House Speaker Nancy Pelosi, D-Calif., told reporters in a press conference Thursday afternoon.
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