Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury |
If this doesn’t, by itself, qualify the craven Democratic Party for an historic electoral defeat, I don’t know what would. With the financial system in crisis, the only action the nitwits in the Dem controlled Congress can think of is to adjourn, stick their heads in the sand and hope by Jan. 2009 the tangled credit mess has somehow magically worked itself out.
Then, if we avoid a meltdown, they will take credit for it. If world-wide markets tank, guess what party gets blamed. Hint: starts with an “R.”
Sept. 18 (Bloomberg) —
Tags: Dept. of the Treasury, Federal ReserveThe 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.
“When you rush to judgment, you usually make mistakes,” said Sherwood Boehlert, a former Republican congressman from New York. “This is something you can’t go on forever without addressing, but Congress in a short span of time is best served by going home.”
