'Nuance' Nancy's crash

NY Post Editorial:

House Speaker Nancy Pelosi just couldn't control herself yesterday, savaging President Bush and blaming "right-wing ideology" as the sole cause of the nation's fiscal turmoil.

Whereupon bipartisan compromise legislation intended to resolve the nation's financial crisis went poof.

And then the stock market posted its single largest one-day point loss ever.

Not surprisingly, Pelosi and Democratic leaders like Barney Frank and Rahm Emanuel immediately blamed the GOP for the bill's defeat, asserting that Republicans had put their "hurt feelings" above the nation's interest.

Talk about putting lipstick on a . . . well, on a politician.

The fact is, 95 Democrats - 40 percent of the party's House membership - voted against the bill.

Pelosi - who allegedly controls the chamber - couldn't even deliver her own members. How humiliating is that?

Republicans at least had long-standing philosophical objections to a massive expansion of government power over the economy. And, frankly, Pelosi's boneheaded speech sure didn't help matters.

But what of her disloyal Democrats?

Clearly, they'd bought the demagogic rhetoric of people like Pelosi and Frank, that the $700 billion rescue plan constituted a "bailout of Wall Street."

...

I am not sure they bought any arguments other than the ones from constituents who were calling in opposed to the measure. That is the reason that Democrats were so desperate to have Republicans holding their hand as they jumped off the cliff.

What was really angering about Pelosi's speech was how dishonest it was. Here she was blaming Republicans for creating the mess because of deregulation when it was the Democrats who refused to regulate Fannie and Freddie that caused the problem. All of this raises the serious question of just why voters think Democrats can better handle this situation?

The only plausible answer is they have been misinformed.

The Republicans need to do a better job of focusing the media on how the Democrats covered up the mess at Fannie and Freddie and demanded that banks make bad loans.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more