Skip to comments.Pelosi: We were given an economy in the “depths of hell” (We know better)
Posted on 09/22/2012 5:23:01 PM PDT by Kaslin
Well, gee whiz — in a press conference earlier this week, House Minority Leader Nancy Pelosi yet again brought out the over-the-top dramatics the blame all of President Obama’s ‘inherited’ economic problems on ‘the previous administration.’ This level of political pageantry is right up there with the ‘Republicans hate clean air and clean water’ she likes to trot out at every available opportunity:
Four years ago on September 18 read it, I wont go into all the details, except to bottom-line it we had a meeting in the Speakers office in the Capitol bipartisan, bicameral at which the secretary of the Treasury described a situation of our economy and our financial institutions that was so dire. He took us to the depths of Hell, a place so low that even Dante couldnt find it make a circle down there, it was so low. Four years ago and two days ago the chairman of the Fed said if we dont act immediately we will not have an economy after hearing the description and knowing the crisis we were in as a result of the policies of the Bush administration. So for them [Republicans] to have the unmitigated gall to ask the question, Are your better off now than you were four years ago? when they had taken us to the brink of a great depression, a meltdown of our financial institutions, deep indebtedness, deepening the national debt to the point that if we didnt act immediately we wouldnt have an economy an economy by Monday. I mean, this election is urgent, because what are they advocating? Going back to the same tax breaks for the rich that got us here in the first place.
So, nothing too out of the ordinary for her, but I need to take a beat and reflect on this because, once again, I find myself absolutely flabbergasted about the Democrats strategery in this race. This is it, guys this is all they have to go on, and it is nothing short of pathetic. Blame Bush; Republican obstructionism; and tax breaks for millionaires. Translation? Not our fault; nothing we could do about it; low-rent populism.
The Democrats had two full years in which they had all the sweet time in the world to do whatever they wanted, during which they chose to pass massive behemoths of unpopular healthcare legislation and financial regulation and stimuli, and President Obama promised wed see unemployment fall below eight percent.
Yet, lo and behold, here we are: Stagnant. Weaksauce economic growth, increased welfare-program participation, and joblessness have been the hallmarks of this administrations policies, and the fact that the Democrats have so few of their own positives to tout and instead have to resort to all this mind-bogglingly stupid scapegoatism should be very, very telling.
I mean, come on tax breaks for the rich that got us here in the first place? As if low taxes are a bad thing, because low taxes cant pay for all the government the Democrats want? Sorry, but Ill take less government, not higher taxes, thanks.
We’re not that stupid, BEO*CH!
Nancy needs to go to confession for the LIE she told in this interview; this LIE is a MORTAL SIN!
Quit whining you old frigid scarecrow.
Any person who attains the position of Speaker of the House, and then tells the American people that “we have to pass bill so you can find out what’s in it,” should never be taken seriously by anybody about anything.
In a fair accounting, President Obama is responsible (along with the then-Democratic Congress) for the $1.3 trillion in deficit spending in 2010 and the estimated $1.6 trillion in deficit spending in 2011. He [Obama] should not get credit, moreover, for the $149 billion in TARP (Troubled Asset Relief Program) repayments made in 2010 and 2011 to cover most of the $154 billion in bank loans that remained unpaid at the end of the 2009 fiscal yearloans that count against President Bushs 2009 deficit tally.
The Treasury Department says that all but $5 billion of the TARP bank loans has now been repaid. The portion of repayments that was for loans issued in 2009 should be deducted from Bushs deficit tally, not credited to Obama as deficit savings. There is some astounding number crunching in this article, and a chart of modern day presidents average annual deficit spending ........a frightening conclusion of what happens if Obama has an 8 year term.
Wasn’t she the Speaker then? What was the unemployment rate beginning with her term and at the end?
What were the deficits?
Hell bitch...ya caused it. (We know better)
Hmm Nancy where were you from 2007 and 2008 when the US economy when from Heaven to Hell?
OH that right YOU WERE SPEAKER OF THE US HOUSE!
Notice that Senator Obama was one of the Democrats who blocked the GOP's efforts to reel in Fannie and Freddie. In other words, President Obama inherited the mortgage meltdown from Senator Obama.
She’s admitting then, that she & her coherts are really stupid?
The 2008 economy wasn’t Bush’s fault nor Obama’s. It was millions of people thinking that their houses were going to appreciate forever and ever, spiraling upward without bound, and filling them with equity that they could tap for easy cash
Obama and a complicit congress are to blame for the deficit bloating response.
Her followers are really, really stupid. God help this nation.
If they have to make excuses, they weren’t successful. The American people don’t believe them.
Which party was in charge of the purse strings beginning in 2006 through 2010?
And by the way, which party defended Fannie Mae/Freddie Mac from being reformed beginning as way back as 2003?
I almost forgot about Chuck ‘Don’t Blame Me for the IndyMac Failure’ Schumer!!!
‘we were given’........
She worked hard to make it a place of hell...she negotiated with other Democrats to spend all that money.
Along with her co horts in congress...
Yeah it was. Obama's, and Bill Clinton, and Jimmy Carter, and Barney Frank, and Chris Dodd, and Ben Bernanke, and Tim Geithner and a large cast of RAT operatives who deliberately crashed the system by turning the lending industry into a mockery of itself.
Similarly, they are trying to destroy health insurance by regulating it out of business, they also have been trying to destroy the banking system...and the energy sector, and practically any form of private enterprise.
That is correct, and before they did the economy was thriving and unemployment was practically nonexistent. If she wants to blame someone, she needs to look in the mirror
Four years and trillions of dollars and they still could not fix it
Not mentioned is the fact that Democrats had control over the House and Senate in 2007 and 2008 ... with Bush having two more years to serve as President.
After that, Democrats had full control of House, Senate and Presidency for 2009 and 2010.
It wasn't Bush that caused the 2007, 2008, 2009, 2010 - and subsequent - blood baths
Who is “we”?
Pelosi has been in the Congress since way before the hell was created and was part of its creation.
I would give Obama some slack because he was only there 1 term. But not her.
This woman talks like she’s insane. I do believe she has at least one screw loose.
No, it was the banks and regulators that gave loans to people the could not afford the houses. We were shopping for a house then and I cant believe the amount they approved me for. We made a modest purchase based on our income insread.
You made it the mess that it is when you psycho/sociopathic progressives took over and then shredded the Constitution and common sense financial responsibility.
YOU own it and you freaking know it, the banking nightmare, the credit crash, the market crash, the real estate crash, and all the other crap you blame on Bush, you people did that and Bush and the feckless GOPe went along for the ride and didn't do much to stop you.
And the rest of us has had to suffer for it and then try to recover in YOUR "that which we won't call a depression" recession.
Is it necessary to say that this is sarcasm?
Well there's the trigger!
I don’t think Nancy Peolsi is lying here.
First, officials from the Bush Administration in fact did spook Congress into passing a tremendous bailout for the billionaire bankers. We might not like to recognize it, but Bush himself did “abandon free market principles in order to save the free market,” in his own words.
Second, Nancy Pelosi is obviously delusional. This characteristic would make her unfit to represent the people in Congress, except that she well represents the delusional majority in the City and County of San Francisco in California. So coherent reasoning we should not expect from her.
Third, the economic problems that this country faces run far more deeply than even the tenure of Nancy Pelosi as Speaker of the House of Representatives. Congress set the housing bubble in motion with stupid legislation like Community Reinvestment Act of 1977, which lay relatively dormant until a caustic combination of high price inflation, declining wages, and artificially low interest rates dropped sufficiently to make gimmickry like negative-amortization adjustable-rate interest-only payment-optional loans with low introductory rates seemingly attractive to bankers.
Fourth and most importantly, Nancy Pelosi, the Democrats, and her anti-baby ideology (her own progeny notwithstanding) set the seeds for economic hardship in this country with such horrific and downright genocidal policies as the glorification of feticide, the leading cause of death in this country. More than 54 million Americans already vanished anonymously in the abortuaries of this country, their demise almost completely unmourned.
Please pray for her immortal soul, that she may repent and never know the depths of Hell to which she here refers. By the way, Dante placed Pope Saint Celeste V in the inner circles of Hell, but the Church canonized him still, so hope endures.
It’s George Bush’s fault. (And it will work every time with the hardcore.)
I’m happy to include, in blame, all complicit congress members who screwed with the lending industry as Barney Frank did.
You had sense. A lot of people didn’t. The blame still lies with those who took out the loans and those who forced the lenders hand.
The problem is that a large portion of the population IS that stupid.
I will pray that she does know the depths of hell. I hope she burns in hell. The sooner she gets there, the better off the whole country will be.
Believe me, if Democrats get elected for the next twenty-thirty years with resulting awful Obama-influenced i.e. poisoned economies, they’ll still be blaming Bush. It appears Democrats are eminently and perpetually resistable to the idea that they could in any way be responsible for the terrible economy.
These dimoKKKRATS are able to lie with impunity because they know darn good and well the media will not hold their feet to the fire. What the media does do is distort what a Republican says in favor of the dimoKKKRATS position. This is what we are dealing with.
Well, that would include Senator Obama, and before that ACORN Lobbyist Obama, who demanded the bogus lending practices, to benefit his parasitic peeps.
She is speaking a language that only liberals understand. They call it a dog whistle, but it's actually a moonbat screech.
Well Nancy, if you cannot do the job then you and your team should just quit and go home.
But Nancy, with the NEW Normal unemployment at 20%, there is more “Family time” and every dollar in those checks brings a dollar fifty. Happy days are here again!
Listen “Plastic Face”, you ‘hero’s’ had two years when you had total control of everything and you achieved NOTHING so STFU!!!
Yeah. and only a few years before that, in 1992, the elder Bush orchestrated an economy that was the worst in fifty years when he handed it over to Clinton.
As an IndyMac shareholder at the time ... I won't easily forget Chuckie...
As, I suppose, GM Bondholders won't easily forget Barack...
These Dems are veritable locust and canker-worms ... They leave nothing but desolation and barren wasteland in their wake.
Good article. Thanks for posting.
But what evidence do she and Dingy Harry have to indicate that we're not really that stupid? They get to spout their insamne lies with impunity while maintaining their seats and perks....
Not the 53% informed.
If only there really were that many who were informed.