Pelosi - National Embarrasement

Reply Wed 17 Sep, 2008 06:13 am
Not OUR fault. Blame them.....

House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”

Pelosi (D-Calif.) ripped President Bush’s “mismanagement” of the economy and a lack of regulation that led to the current situation.

“I think the American people have had it with this situation where the middle-income people in our country are not protected from the ramifications of the risk-taking and the greed of these financial institutions,” Pelosi told MSNBC.

When asked whether the Democrats “deserve some responsibility” regarding the economic crisis, Pelosi responded: “No.”

“John McCain said that this is a result of overregulation by the Democrats in Congress,” she added. “Either he doesn’t know what he's talking about or he’s misrepresenting the facts as he knows them. But it’s simply not true.”

Republicans responded quickly, pointing out that a Congress led by Democrats had not helped the economy.

“The Pelosi-Obama Congress has failed to pass an all-of-the-above energy plan, failed to stop earmarks, and failed to break the partisan gridlock that plagues Washington,” RNC spokesman Alex Conant said. “If Pelosi thinks the Democratic Congress is doing a good job handling the economy now, then just imagine how bad our economy would be if Democrats controlled the White House, too.”


OK. So let's start an investigation NOW. Since we did not know what was going on BEFORE.

House Speaker Nancy Pelosi has ordered a broad, swift investigation of Wall Street and will demand testimony from Bush administration officials and captains of finance, congressional officials said.

House Democrats plan to aggressively look at the administration’s role in the meltdown over the weekend and to explore further regulation and government structures that would be taken up under the new president.

Republican aides accused Democrats of trying to shift blame with a series of “show trials,” but acknowledged that key officials will wind up cooperating.

But let's leave the man who writes the tax code but does not follow them in the Chair position.

"Mr. Rangel has not considered, nor has it ever been on the table, that he would step aside from his current position as chairman of the House Ways and Means Committee," said the Harlem Democrat's lawyer, Lanny Davis.

"He has no intention of leaving that position, even on a temporary basis."

The development came as new details emerged about Rangel's tax shenanigans, based on his financial-disclosure forms:

* The congressman's Sunny Isles, Fla., condo was purchased in 2004 for $335,000 and listed as a rental, although he didn't report income on it. He then sold it in 2007 for a $60,000 profit, but didn't list the sale, as is required.

* He never disclosed, as mandated, the sale of his Washington, DC, home in 2000. Property records list the price as $500,000.

* He only sporadically listed rental income for a West 132nd Street home. Then, when he unloaded it in 2004, he didn't report the sale. The home's value was listed as less than $100,000 in 2002; in 2004, Rangel said it was worth $250,000 to $500,000.

* The value of his personal portfolio fluctuated wildly without explanation. The investments he reported grew from $50,001 in 2000 to somewhere between $177,000 and $530,000 in 2001. In 2002, he reported new holdings worth $115,000 to $315,000.

Republicans have turned Rangel's ethics controversies - from the tax-reporting issues to his four rent-stabilized apartments in Harlem to soliciting funds for a City College center named after him - into a campaign issue.

The National Republican Campaign Committee has called on Democratic candidates and incumbents to return his donations.

At least one said he will: Anchorage, Ala., Mayor Mark Begich.

Begich, a Democrat challenging Republican incumbent Ted Stevens for the US Senate, yesterday said he'd return $10,000 in donations from Rangel.

Despite what one source said was a quiet push by Democratic House Speaker Nancy Pelosi to get Rangel to step down on Monday, he returned to work yesterday.

And Pelosi seemed unwilling to have a showdown with her most powerful chairman.

"I see no reason why Mr. Rangel should step down," she said after meeting with him for the second time yesterday.


This is the leadership you want from the Democratic Party?
Reply Wed 17 Sep, 2008 07:51 am
Republicans responded quickly, pointing out that a Congress led by Democrats had not helped the economy.

This is so typical of the GOP lately. It's the democrat's fault because they didn't clean up the mess we made.

Pick any issue and the GOP response seems to be exactly the same. The democrats didn't stop us so they are at fault. For being the party of personal responsibility they sure like to pass the blame to others.
0 Replies
Reply Wed 17 Sep, 2008 07:58 am
And what does Rangel have to do with the present economic mess, other than trying to hide the issue by making accusations against him?

Yes, Rangel seems to have cheated on his taxes but whether he cheated or not that is not the cause of the financial problems.

Yes Rangel is presently the chair of the House Ways and Means but he has only been so for 20 months. Prior to that the chair was held by a Republican.

It's funny that the author wrote this
Republican aides accused Democrats of trying to shift blame with a series of “show trials,”
right before he started off on Rangel
The author it seems is trying to shift blame with a series of "show accusations" that have nothing to do with the crisis on Wall Street.
0 Replies
Bi-Polar Bear
Reply Wed 17 Sep, 2008 08:06 am
what parados said.
0 Replies
Bi-Polar Bear
Reply Wed 17 Sep, 2008 08:08 am
I believe the proven embarassment to this country is george w bush.... and as we all know (thank you joe biden) the sequel is always worse than the original
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Bi-Polar Bear
Reply Wed 17 Sep, 2008 08:33 am
I suspect THIS is why republicans and repub sycophants such as yourself are crying "show trials" and making such a fuss..... and dems are supposed to be the whiners....

0 Replies
Reply Thu 18 Sep, 2008 06:14 am
This is real leadership by your democratic congress .....

Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury

By Kristin Jensen
More Photos/Details

Sept. 18 (Bloomberg) -- The Democratic-controlled Congress, acknowledging that it isn't equipped to lead the way to a solution for the financial crisis and can't agree on a path to follow, is likely to just get out of the way.

Lawmakers say they are unlikely to take action before, or to delay, their planned adjournments -- Sept. 26 for the House of Representatives, a week later for the Senate. While they haven't ruled out returning after the Nov. 4 elections, they would rather wait until next year unless Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke, who are leading efforts to contain the crisis, call for help.

One reason, Senate Majority Leader Harry Reid said yesterday, is that ``no one knows what to do'' at the moment.
0 Replies
Reply Thu 18 Sep, 2008 06:45 pm
Pelosi - National Embarrasement
Yes. A disgrace indeed.
I fully uphold your title, though i differe from your political views.
I had posted a thread some 2 or three months back requesting the voters not to vote Pelosi.
But she will get elected and I get my face soiled.

Reply Sat 20 Sep, 2008 03:59 pm
I hope and i wish the lady who adorn the tititle of this thread should get least attention from the eligible voters.
The lady who oppose represent the global humanity
0 Replies

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