Pelosi Statement on Bailout Plan

Pelosi Statement on Bailout Plan

Posted in the Jacksonville Forum

Since: Jul 07

Los Angeles, CA

#1 Sep 21, 2008
Pelosi Statement on Bush Administration Proposal To Address Financial Crisis

Washington, D.C.-- Speaker Nancy Pelosi issued the following statement today on a sweeping legislative proposal by the Bush Administration to confront the historic financial crisis:

Congress is reviewing the Bush Administrations proposal to address the extraordinary crisis in our financial markets. It's clear that the Administration has requested that Congress authorize, in very short order, sweeping and unprecedented powers for the Treasury Secretary to confront a financial crisis of historic proportions.

Democrats will work with the Administration to ensure that our response to events in the financial markets is swift, but we must insulate Main Street from Wall Street and keep people in their homes by reducing mortgage foreclosures.

In working with the Administration, we will strengthen the proposal by ensuring that the government is accountable to the taxpayers in any future actions under this broad grant of authority, implementing strong oversight mechanisms, and establishing fast-track authority for the Congress to act on responsible regulatory reform.

As I told President Bush yesterday, we will also seek to protect lower- and middle-income Americans, who need to be protected from the fallout of the ongoing Wall Street crisis, by enacting an economic recovery package that creates jobs and returns growth to our economy.

http://www.foxnews.com/urgent_queue/index.htm...
p rainwater

Sarasota, FL

#2 Sep 21, 2008
bail out irresponsible dumbasses.

be an american, no consequenses for your stupid actions.

let the responsible people pay for your stupid decisions.

pelosi thinks obamie has already won the election and she is now running the country.

there is not enough money in the world to pay for the democrates irresponsible spending decisions.

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