Pelosi-Reid Corruptocrats Face Nation– Propose Bailout Plan …Update: Boehner Speaks- Thanks McCain (Video)
The Democrats blamed reckless deregulation for the crisis today.
Of course, Democrats blocked all reform on Fannie Mae and Freddie Mac for the last 10 years.
In 2001 President Bush urged reform.
In 2004 Democrats refused to reform Fannie and Freddie. (Video)
In 2008 President Bush warned Congress 17 times about the crisis that the Democrats created and ignored.
Bill Clinton even said the democrats were at fault.
Nancy Pelosi announced that the bailout bill is posted at the US House website and at http://financialservices.house.gov.
(Due to traffic- the websites are impossible to get on right now. Porkbusters has a copy.)
St. Barney Frank of the Corrupt Rose to the rescue…
House Financial Services Chairman Barney Frank, D-Mass., center, and
House Speaker Nancy Pelosi, D-Calif., left, Secretary of the Treasury
Henry Paulson, second right, and Senate Majority Leader Harry Reid, D-
Nev., right, announce a tentative deal. (AP)
Hat Tip Thomas W.
The GOP was able to remove the gifts to ACORN from the bill.
It will be interesting to see what else the dems snuck into the package.
UPDATE: The House GOP members just gave their press conference on the bailout plan. Minority Leader John Boehner gave John McCain credit for inserting himself into the process and giving the GOP House members a voice on the bailout bill.
Best line of the day goes to Republican Leader John Boehner on John McCain:
John Boehner: “And, I think I’ve been clear to many of you that without John McCain supporting me at the White House when I said, “Woah, woah, time out,” they would have run over me like a freight train and I’m grateful for his support.”
UPDATE 2: The GOP House members have released a “Myth vs. Fact” sheet on the bailout plan.
UPDATE 3: Barney Frank’s fingerprints are all over this scandal.
No wonder the Dems put him in charge of the bailout.