Is anyone really suprised by the leadership of the Democrat controlled congress??

What do you expect Congress to do?  The only type of legislation that could be passed on the spur-of-the-moment would be a knee jerk reaction instead of a thought-out remedy.  There is no guarantee that President Bush would sign anything that Congress could come up with.

Who was in control of Congress from 1996 until the last election? Oh, yes, the Republicans, who dismantled every regulatory procedure intended to safeguard the American public that they could think of.  Who was in charge of the SEC in 2005 when the strings were loosened so that liability exposure no longer had to bear a reasonable relationship to capital for broker-dealers? Whose Controller of the Currency ruled that Federal Banks were exempt from state predatory lending laws?  What party does Phil Gramm belong to?   Can you find a single important Republican, in the last 10 years, who ever said that more regulation was needed in the financial industry to protect the American public?

Jeez, Louise, give us a break!

So.. let me get this straight.. it's the Republicans who are decrying the decision to not make any rash decisions on getting involved in the economy.  Correct me if I'm wrong, but isn't that a complete contradiction of idealogy?

JOHN MCCAIN said NOTHING could be done until AFTER the election. SO DID BARACK OBAMA!  They're both right and it's commendable of them to not make any hasty decisions.  They could demand that the sitting president do something, but the sitting president is RESPONSIBLE for this financial disaster. What advice could he possibly offer and what action could he possibly take in the course of two months that would help?  He had EIGHT years to reform these corporate thieves and he had the backing of both Obama AND McCain, both of whom sponsored reforms of Fanny and Freddie.  Our candidates and our congress are really powerless to do anything except throw money at the problem (which we have) and start with a clean slate come January.

Even JOHN MCCAIN agrees with that!

Don't be surprised by my strong conservative views.

What conservative view do you mean by this statement?  Small government?  Ask George Bush about that? Fiscal responsibility? You're griping about a congress that will undergo a change leadership in a matter of 47 days and you expect this one to completely OVERHAUL the financial system without any DEBATE?  What kind of conservative are you!!!!!

We haven't even heard what John McCain's plan IS!  Obama's plan is posted on his web site! All we've heard from McCain is "The economy is basically strong," and "We're going to fix it," and "We're going to reform."  Great!!!!!! HOW?

Hypocrisy....republican be thy name!

Is anyone really suprised by the leadership of the Democrat controlled congress??

I am.  They played the Republicans for fools on the offshore drilling issue, something I never thought I'd see from this Congress. 

There's not a chance we'd get a *GOOD* bill out by the end of the Congress regarding the financial crisis anyway, what with the Republicans' stonewalling.  Better to wait until January, with a larger majority and the White House to work with.

ABC News' George Stephanopoulos reports: In a letter to President Bush, Speaker Nancy Pelosi offered this afternoon to postpone Congress' planned adjournment next Friday, Sept. 26, to address the ongoing financial crisis.

In the letter, Pelosi says she wants to ensure a consistent approach to the "ongoing market turmoil" by developing a bipartisan recovery effort.

The speaker's letter signals that Democrats are prepared to accept the president's plan for Wall Street, but also demands a second stimulus package targeted at Main Street.

Pelosi says such a package must include five components: "Investment in infrastructure for economic growth and job creation here at home, home heating assistance at a time of record energy costs, extended Unemployment Insurance for the growing number of Americans looking for work, Food Stamps that will help ensure we feed hungry families in a time of crisis, and assistance to maintain critical health care coverage jeopardized by state budget cuts."

How interesting that one one day Pelosi decries Bush's proposed bailout then the next day says 'well ok....BUT, here's OUR rules.'

"Investment in infrastructure for economic growth and job creation here at home, home heating assistance at a time of record energy costs, extended Unemployment Insurance for the growing number of Americans looking for work, Food Stamps that will help ensure we feed hungry families in a time of crisis, and assistance to maintain critical health care coverage jeopardized by state budget cuts."

Somehow this looks like, 'see the DEMS can save you' AND you will be obliged to us for saving you soooooooooo - NOW we will take over your lives totally.......can you speak Chinese? Russian? Don't you UNDERSTAND YO-bama will put a grain of rice on every plate? We will hire all Americans for the plant we will build to manufacture all the burquas we will need.

Yes indeed folks, the sky IS falling.

"Investment in infrastructure for economic growth and job creation here at home, home heating assistance at a time of record energy costs, extended Unemployment Insurance for the growing number of Americans looking for work, Food Stamps that will help ensure we feed hungry families in a time of crisis, and assistance to maintain critical health care coverage jeopardized by state budget cuts."

I'm sorry, but where exactly is the bad part of the list above? 

The last five words, Pete.

.

Yes indeed folks, the sky IS falling.

*NOW* she gets it.  We've been trying to tell her that for years.

Yeah, we need a president who doesn't see every crisis as an oppourtunity for his rich friends to fleece Americans.