Monday, September 29, 2008

Thanks, Mama Pelosi, For That 700 Point Stock Market Plunge!

We can thank House Speaker Nancy Pelosi's partisan rhetoric for the Wall Street legislation going down in flames today in the House. No doubt she was suffering from severe lack of sleep, but there really was no excuse for her standing up before the vote and trying to place the entire blame on Republicans -- and specifically President Bush -- for the financial market crisis.

Wasn't it the Democrats who just last week decried injecting "presidential politics" into the legislative debate? Well, that is exactly what Pelosi did today -- and House Republicans were understandably furious at her for trying to spin the vote even before it was taken.

So it's back to the drawing boards for the Administration and Congress to come up with Plan B. Here's one suggestion to get things started: gag the House Speaker.

If Congressman John Yarmuth is still "messaging" for Pelosi, he's got his work cut out for him. It's time for Anne Northup to run an ad hanging Pelosi around Yarmuth's neck.

Update: Make that a 777.68 point plunge.

Update: I guess Yarmuth has resigned his position on Pelosi's "messaging" team: he voted against the bill. So did Congressmen Ben Chandler, Geoff Davis and Ed Whitfield. Congressmen Ron Lewis and Harold “Hal” Rogers voted for it.

Please note: The postings of "G. Morris", written by John K. Bush and which end in 2016, stated his views as of the dates of posting and should not be understood as current assertions of his views. The postings, which have not been altered since they came to an end, remain on this blog to preserve the historical record. In 2017, Mr. Bush took a position that precludes further public political comments or endorsements. He will no longer be contributing to this blog.

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