Schumer and Pelosi are absolutely correct

The mismanagement of the US economy comes as no surprise to many. The Republicans ignored this for years and now suddenly we’re supposed to jump and throw around billions of dollars that we don’t have because of Iraq and excessive tax cuts. I may disagree with Congress wanting a bailout to every home buyer who was just as stupid and greedy as Wall Street but that’s peanuts compared to the money we’re sinking in to Wall Street.

Give the commissions, the big bonuses and the big salaries back and then let’s talk about another government bailout. It’s just too easy to bailout Wall Street without debate. Look at the debates in Congress when the GOP argues over a few bucks here and there but nowhere do I see them arguing a bailout of *their* damned problem. They own this rotting mess so every Democrat needs to pin it on the GOP every waking minute of the day. This goes well beyond Bush. It’s the entire GOP.

“We’re in the most serious economic problem we’ve been in in a very long time, much worse than 2001. The president’s hands-off attitude is reminiscent of Herbert Hoover in 1929, in 1930,” said Sen. Charles Schumer, D-N.Y. “There are lots of things that can be done, particularly on housing. Housing has been the bull’s eye of this crisis.”

House Speaker Nancy Pelosi, D-Calif., said, “Much of what the administration has done has been too late.”

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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