She may have said the right thing at the wrong time, but Pelosi was correct. We’re in this huge mess because of massive Republican spending alongside Democratic….(what’s a word for rolling over and playing dead?). She just left out the Democratic weakness part. One thing I can say about the Republicans – they will stand up for whatever they believe, or what their party believes, and they won’t cave. They talk nice and play ruthlessly. The Democrats talk smack but quickly roll over on their back. That’s a recipe for, well, the economy melting down.
It really doesn’t matter what either party says at this point. The taxpayers are on the hook one way or another. We can try to plug the hole with a big bailout package or we can keep doing one-off cash infusions for failing institutions. We’re gonna pay. The question is which method will be less painful. In a non-election year, the problem would have already been addressed. But now, with so many seats being contested, the nose will be cut off to spite the face.
After a bailout deal had reached agreement yesterday, several Republicans pulled out because Pelosi gave a speech that insulted them. At least that was the report. Republicans never blame Democrats for anything, right? Bush never calls out Democrats. At any rate, in the face of a free-falling stock market, the Republicans took their ball and went home. They quit. And because Pelosi insulted them? Sure. Poor creatures.
The stock market lost over a trillion dollars yesterday. About this much: $1,200,000,000,000. That means people’s retirement accounts and investments are getting drained. And it’s going to get worse. And if our Congress can’t put the people’s business before re-election and hurt feelings, we’re all skrewed.
