| The Daily Show With Jon Stewart | M - Th 11p / 10c | |||
| Nancy Pelosi | ||||
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Update - New clips:
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FLASHBACK for election night: Originally written and published in April of 2009
Difficult to pin down her specific stupidity; more of a general sense that she has no idea what happens in the financial markets. This is not light criticism. It's the reason we find ourselves in our current bailout mess. Congressional leaders were steamrolled by Heny Paulson last September because of their immense fear of the unknown. Their knowledge of financial markets and securitization is nonexistent; they made a bit of noise but in the end were easy prey.
If the economy continues to remain flat or even weaken substantially from here, as I believe it will, we could be looking at 11% unemployment around this time next year. Job losses and the bailouts will be the most salient issues to voters in the 2010 cycle and it could be a very dangerous time to be an incumbent.
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