Wednesday, September 17, 2008

Harry Reid Says He's A Rookie On Wall Street Issues, While Mitch McConnell Acts Like A Starter

The respective statements today of Senate Democratic Leader Harry Reid and Senate Republican Leader Mitch McConnell are instructive as to which party is best positioned to deal legislatively with the current crisis on Wall Street. ABC News reports:

Senate Majority Leader Harry Reid, asked today what new regulatory actions Congress can take, said, bluntly, "No one knows what to do. We are in new territory here. This is a different game. We're not here playing soccer, basketball or football, this is a new game and we're going to have to figure out how to do it."

In contrast to Reid's "rookie" statement, McConnell made clear that he and his fellow Republicans are ready to take the field as starters in dealing with the nation's economic concerns:

"Now more than ever is the time to rise above politics and to work together. our constituents don't want campaign speeches and hyperpartisan accusations. They want security for their homes and for their savings. They want energy security and lower costs for gas and oil, and they want protection from future tax hikes on their income. Government should be focused on bipartisan efforts to address the fundamental problems in the credit markets and must be cautious in putting taxpayer dollars at risk. and we should work together to help all Americans. "

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