You have to hand it to Nancy Pelosi and Harry Reid. Once they
decide on a strategy, they stick with it. Bloomberg reports that the
Democratic Congress will take action in the face of this economic
crisis — by beating a hasty retreat:
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.
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 Bush’s policies.
Now, at the height of the crisis, not only do the Democrats admit they
haven’t a clue as to how to address it, to whom do they turn to solve
it?