Thanks to the lovely (actually smoking hot!) Michelle Malkin here is part of Nancy’s speech that became the death knell for American Socialism 2008:
PELOSI: When was the last time anyone ever asked you for $700 billion?
Well, the United States Congress takes far far more than that
annually from average American Joes. And Jills for you NOW gals out
there.
It’s a staggering figure and many questions have arisen from that
request. And we have been hearing a very informed debate on all sides
of this issue here today. I’m proud of the debate.
Which part? The part where you accused Republicans of being
unpatriotic for not coming to a meeting you refused to invite them to?
Oh no – sorry. That was yesterday. I’m sure Democrats were much more
civil today.
$700 billion. A staggering number, but only a part of the cost of
the failed Bush economic policies to our country. Policies that were
built on budget recklessness when Pres. Bush took office, he inherited
Pres. Clinton’s surpluses – four years in a row budget surpluses on a
trajectory of $5.6 trillion in surplus.
The surplus that was projected. There was never an actual surplus
of cash. She neglected to mention part of Bush’s failed economic policy
was to inherit a Clinton recession that began in 2000 and to pass
taxcuts that ended up increasing overall tax revenue.
And with his reckless economic policies, within two years, he had
turned it around. And now 8 years later, the foundation of that fiscal
irresponsibility, combined with an “anything goes” economic policy, has
taken us to where we are today.
I suppose you could argue urging action on Fannie/Freddie 17
times this year alone could be called irresponsible. In Crazytown.
Remember when Democrats chided Republicans for inventing the
Freddie/Fannie issue in 2004? Yeah neither does the mainstream media.
They claim to be free-market advocates, when 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 taxpayer will bail
you out.
Anything goes, including Carter/Clinton threatening legal action
against banks unless they gave loans to unqualified BLACK PEOPLE.
Because ask any Democrat and they’ll tell you BLACK PEOPLE are helpless
without the generous, helpful hand of rich white liberals.
Those days are over. The party is over in that respect.
I wouldn’t go that far. A side effect of the bailout is to pay off your left wing lobbyist thugs like ACORN, Madam Speaker.
Democrats believe in a free market.
That she said that with a straight face makes me think I’m misunderestimating her shrewdness.
We know that it can create jobs, it can create wealth, many good
things in our economy. But in this case, in this unbridled form, as
encouraged and supported by the Republicans — some Republicans, not all
— it has created not jobs, not capital, it has created chaos.
You mean the same Republicans who have been demanding more
oversight of the mortgage companies for years and the Democrats refused
to budge? The same Republicans who did NOT receive $105,000 in shut-up
money from Freddie Mac like Barry O. did?
And it is that chaos that the Secretary of the Treasury and the
Chairman of the Fed came to see us, just about a week and a half ago.
It seems like an eternity, doesn’t it? So much has happened. The news
was so bad. They described a very dismal situation.
Yeah they came to see you years ago. It was just a week and a
half ago that you selfishly realized your political career was going to
shit unless you finally acted. That’s a running theme with you, isn’t
it?
