House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: No.Pelosi (D-Calif.) ripped President Bushs mismanagement of the economy and a lack of regulation that led to the current situation.
I think the American people have had it with this situation where the middle-income people in our country are not protected from the ramifications of the risk-taking and the greed of these financial institutions, Pelosi told MSNBC.
When asked whether the Democrats deserve some responsibility regarding the economic crisis, Pelosi responded: No.
John McCain said that this is a result of overregulation by the Democrats in Congress, she added. Either he doesnt know what he's talking about or hes misrepresenting the facts as he knows them. But its simply not true.