Republicans economic agenda, included massive unpaid tax cuts for the rich. Two unpaid wars and a doctrine of no regulation no supervision of wall street. It is this radical agenda that precipitated the financial meltdown and shattered our economy. How bad was it . On the night of thursday, september 18th 2008, the secretary of the treasury came to the capital for an emergency meeting with congressional leaders to inform us of the severity of the meltdown. When i asked the chairman of the fed, at the time ben bernanke what he thought of what the treasury secretary was telling us . He told the leaders, if we do not act immediately, we will not have an economy by monday. This was thursday evening. Thats where we were, september 18th 2008. In order to stop the meltdown of americas financial institutions, it was necessary for us to pass the troubled assets release program tarp supported largely by democrats and later we enacted historic consumer wall street reforms with dodd frank regulati
Years. Ill continue with the introduction, but i want to say a couple things. First of all, please silence your cell phones, tweet up a storm if you want, but silence your cell phones. To tweet, its pelosiatbrookings. And also, we will be circulating cards for you to ask your questions, im going to try to ask as many of them as i can. I want to thank all the folks of brookings who have worked very hard. Nancy pelosi has proudly represented californias district for 27 years. She has led the House Democrats for over a decade. The first woman in American History to serve as speaker the american recovery and reinvestment act and quite a lot of other legislation as well. As you will hear from the remarks, proper legislative been an advocate of clean energy, Government Transparency and accountability it is a pleasure to welcome nancy pelosi to brookings. Thank you for joining us today. [applause] good morning, everyone. Thank you all for being here. Its an honor, its really an honor to be he
Executive order on immigration. Talking about the possibility of the u. S. Sending arms to ukrainian forces. We will take your calls and you can join the conversation on facebook and twitter. Washington journal, live at 7 00 a. M. Eastern on cspan. This sunday, david brooks, columnist for the new york times, on writing an article and awards he gives that at the end of your. The sydney awards are given to the best magazine essay of the year and they can be journals like the new yorker or the atlantic. If they come around out around that christmas week, and the idea is to step back and not read tweets, even newspaper articles, but to step back and have the time to read something deeper and something longer. It is to celebrate those longer pieces. I do believe magazines change history. The new republic, until its recent destruction was the most influential political magazine of the 20th century, changed history. It created a voice for new liberalism. It gave it a voice. Sunday night at 8
Welcome everyone here today. This is a very exciting day. Im e. J. Dion, a senior fellow here at brookings, as you know, brookings likes to be in the middle of the great debates in our country. This is going to be a year, i think, of really fundamental debates about the future or about what happens to growth and is it shared. We might actually get around to arguing about what should our government spend money on and how are we going to pay for it . Weve had crises, rather than having real arguments about that in the past few years. Its an honor for me to introduce [inaudible] join us today. She has proudly represented californias 12th district for the past 27 years. Ill continue with the introduction, but i want to say a couple of things. First of all please silence your cell phones. Tweet up a storm if you want, but silence your cell phones. To tweet, its pelosi at pelosi at brookings. We will be circulate cards for you to answer your questions and im going to dry to ask as many of th