Scary Times

"In my state of Vermont and all over the country, people are nervous about the economy. You look at $4 plus for home heating oil, the high price of gasoline at the pump, the cost of health care soaring, more and more people losing their health insurance and now you're seeing what some people suggest might be an international financial meltdown. These are scary times. What the people want is the government to respond to protect their jobs and to protect their standard of living," Senator Berni

"In my state of Vermont and all over the country, people are nervous about the economy. You look at $4 plus for home heating oil, the high price of gasoline at the pump, the cost of health care soaring, more and more people losing their health insurance and now you're seeing what some people suggest might be an international financial meltdown. These are scary times. What the people want is the government to respond to protect their jobs and to protect their standard of living," Senator Bernie Sanders said on CNBC's Kudlow & Company.

Sanders also commented on the mixed message from the White House, where President Bush welcomed the Federal Reserve's intervention in the nation's financial markets but faced accusations that it is bailing out Wall Street while doing little to address the hardships of Americans facing foreclosures on their homes. "Mr. Bush is saying, no, we should not be involved in trying to salvage homes for working families. We can't help them with lower interest rates. Oh yeah, but I guess it is okay, after telling us a few days ago that we should not overreact, it's okay to put millions of dollars into bailing out large investment houses. There's a bit of an inconsistency there that has people scratching their head," Sanders said.

The bad economic news overshadowed the war in Iraq as the fifth anniversary of the war approached on Wednesday. "President Bush is as competent about the economy as he is about Iraq and global warming and every other area that he has ventured into," Sanders said. "This is the most incompetent administration in modern American history."