Modern Day Biddle

Back in the 1830's the government still hadn't gotten into the business of regulating the economy. One of the first attempts at this was the Bank of the United States, bane of the plutophobic Andrew Jackson. When Jackson denied the bank's utility, and took measures to kill it, the head of the bank, Nicolas Biddle, decided to prove the bank's importance by calling in loans to hurt the United States economy. Biddle started a panic, and, sure enough, Biddle hurt the economy. Historians have long judged Biddle to be something of a traitor, and Estase feels that history will take a similar view of Bela Pelosi. Pelosi flexed her political muscle by making a speech denouncing the rescue plan for the financial system. Just as with Biddle, it worked. Also like Biddle, Pelosi couldn't have cared less about the fact that the economy was going down the tubes Wednesday. She could have used her power to prevent the stock market hit that wiped out people's savings, but she decided to delay the rescue plan that was so important, and so urgently needed. Bela Pelosi acted like a spoiled brat, not a responsible statesman. If things get worse, Americans should know who to blame.