“Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury”
Change you can believe in! From Bloomberg:
The Democratic-controlled Congress, acknowledging that it isn’t equipped to lead the way to a solution for the financial crisis and can’t agree on a path to follow, is likely to just get out of the way.
Lawmakers say they are unlikely to take action before, or to delay, their planned adjournments — Sept. 26 for the House of Representatives, a week later for the Senate. While they haven’t ruled out returning after the Nov. 4 elections, they would rather wait until next year unless Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke, who are leading efforts to contain the crisis, call for help.
One reason, Senate Majority Leader Harry Reid said yesterday, is that “no one knows what to do” at the moment.
So let me get this straight: the Democratic party’s “leadership” strategy is to, at every opportunity, publicly blame Bushco for the mortgage crisis (incidentally, McCain and Palin are not hitting back hard enough on this, at least as of yet), and then exeunt — leaving it up to those they’ve demonized to fix the problem, having admitted that, when it comes to financial matters that don’t involve either spending or graft, they haven’t much of an idea what to do.
That about right?
Writes Ed Morrissey:
The stench from this hypocrisy is overwhelming. Reid, Pelosi, Barack Obama, and every Democrat who could bitterly cling to a microphone over the last four days has spewed invective at the Bush administration, blaming the credit-market meltdown on BushÃ¢â‚¬â„¢s policies. Now, at the height of the crisis, not only do the Democrats admit they havenÃ¢â‚¬â„¢t a clue as to how to address it, to whom do they turn to solve it?
The Bush administration! After all, Henry Paulson serves on the Bush administration Cabinet, and has been BushÃ¢â‚¬â„¢s Treasury Secretary for over two years. In fact, Paulson was one of the CEOs that Democrats love to demonize, having run Goldman Sachs for years at salaries over $15 million a year for the two years prior to his appointment. Joe Biden just got done blaming the meltdown on people like Paulson. Now Democrats want him to rescue America.
First Pelosi adjourns the House in the middle of an energy supply crisis that hammered the working class with sharp hikes in fuel and food costs. Now both Pelosi and Reid want to adjourn both chambers of Congress rather than deal with the credit crisis that Washington created with its heavy-handed mandates to issue credit to marginally qualified borrowers and lack of oversight over government-guaranteed entities. Given their ineptitude, we probably should be grateful Ã¢â‚¬â€ as Bloomberg notes. But considering their rhetoric over the last few days, their retreat may be one of the most cowardly acts in domestic policy seen in a very long time.
While I’m not financial whiz — and I’m no fan of Pelosi’s — I think it only fair here to point out that, in Pelosi’s case, the adjournment is only right: after all, she has lots of kids who need a mother’s tending, and, frankly, one wonders why she hasn’t tended to them more frequently. After all, she has a special bond to the children.
Of course, I don’t wish to suggest she is a bad parent; I’m just questioning her priorities, is all. These concerns need to be raised, particularly when women seek positions of power.
As for Harry Reid — well, c’mon, people. Does anybody in Congress need a tan moreso than this guy? Take time off, Harry. Hit the tanning bed. Get yourself some vitamin D. We’ll understand. After all, you have experience — and that, above all else!, gives you the right to admit you haven’t the first fucking clue how to fix the mess Barney Frank and other faux-populist race-baiters in the Democratic leadership have wrought.
After all, you know what they say: when the going gets tough, the tough adjourn.
And by “they,” I mean of course, Congressional Democrats.