October 3, 2008
In House debate on the banker “rescue” bill, Rep. Brad Sherman told his fellow Congress critters the government will declare martial law and the stock market will drop 3,000 points if the bill is not passed. “The panic-mongers were to the point of telling people the market would drop 3,000 points and there would be martial law,” said Sherman.
Sherman’s comment was not in the same context as a comment issued by Rep. Michael Burgess earlier in the week. Burgess, who appeared on the Alex Jones Show, said Pelosi threatened to invoke House rule XIII(6)(a), described as “martial law,” intended to suspend normal procedures and safeguards and thus allowing the House leadership to operate in a more authoritarian fashion. Sherman, however, said martial law would be declared on Wall Street, not in the House.
Rep. Sherman said the “exaggerated fear-mongering turned out not to be true” and the House “can draft a good bill,” regardless of the pressure put on representatives to pass the banker bailout bill.