Democrats blame Bush, GOP for financial crisis (radio address)

[cal04]

Source: Associated Press

While Democrats say a rescue plan for the nation's financial system will have to be a bipartisan effort, they're also saying it's the Republicans' fault that one's needed in the first place.

In the party's weekly radio address, House Majority Leader Steny Hoyer says President Bush and GOP lawmakers "took the economic referees off" the field when they were needed most. He says that allowed irresponsible mortgage lending that swelled the housing bubble until it burst.

The Maryland Democrat also argues that "fiscal irresponsibility" led to a "massive" national debt that's made the situation worse.

Hoyer says a version of the president's $700-billion financial rescue plan will have to be passed to avoid an "economic disaster" that hurts everyone. But he's pledging that Democrats will follow it with a broader economic recovery package that creates jobs, renews infrastructure and helps those struggling economically.

Read more: http://www.wafb.com/Global/story.asp?S=9084526&nav=menu57_2

[ohio2007]

1. Senate passes massive spending bill that ends offshore drilling ban

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3514837
Hows that bailout talk going in the house ?

Majority have their hands tied to do nothing I bet
:sarcasm:

WHo will they blame next week ?

[notaboutus]

2. Democrats don't "say" Democrats "KNOW"

Democrats Govern better and are more fiscally conservative than republicans. They know how to grow America. Here are the links. Go get the facts, print them off and keep them handy for a talking point with an undecided voter.
These two articles give you all the FACTS, with sources and numbers to back them up.
www.slate.com/id/2199810 and www.washingtonpost.com/wp-dyn/articles/A29205-2004Jul30.html

It's the ECONOMY and Democrats have the record to back up what they say!

[Trajan]

3. Wow .... The Democrats blame the GOP for destroying the economy ...

What took so fucking long ?

[Kwaayesnama]

4. DON’T WORRY SARAH PALIN WILL SAVE THE NATION’S ECONOMY!

Don’t worry Sarah Palin will save the nation’s economy!
McCain said to the Wall Street Journal, in November 2005:
"I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated."

In December 2007 McCain again made a similar statement, while also saying that he'd like to appoint a vice presidential running mate who is "intimately familiar" with economics, Sarah Palin? Is this the financial genius we are talking about?

In a Chicago Tribune Interview 12/07: McCain said, "The issue of economics is something that I've really never understood as well as I should. I understand the basics, the fundamentals, the vision, all that kind of stuff,'' he said. "But I would like to have someone I'm close to that really is a good strong economist. As long as Alan Greenspan is around I would certainly use him for advice and counsel..."I've never been involved in Wall Street, I've never been involved in the financial stuff, the financial workings of the country, so I'd like to have somebody intimately familiar with it," he said of a potential vice presidential candidate, that’s Sarah Palin?
GOD HELP US ALL!!!!!