Pelosi, basing her lunacy on “economic experts”, claims extending unemployment bennies would “save or create” 600,000 jobs
I tell you, folks, when this wench doubles down on stupid, she really doubles down on stupid.
So, who are these “experts” that get their 600k figure? Well, we know of at least one of these “experts”:
In May 2010, then-Speaker Nancy Pelosi took to a podium in the Capitol to introduce a half-dozen economic experts she had convened for a meeting on how to jump-start the economy. The group had met for several hours with top Democratic leaders, and Pelosi invited them to speak publicly on their perspectives on economic growth.
What Pelosi did not mention is that one of the men in the group was her son’s boss and a partner with her husband in more than a half-dozen investments, including one that generated more than $100,000 in income for the Speaker’s family last year.
It was the fourth time since 2007 that Pelosi had invited San Francisco investment banker William Hambrecht to be part of an economic policy forum on the Hill and the third time she appeared at a podium with him to speak to reporters. At none of those events did the then-Speaker reveal her financial ties to Hambrecht, and House rules did not require her to do so.
Her son’s boss and business partner. Well, hell, why don’t we base all economic decisions on Peloco’s connections, considering their wildly successful track record? Or not.
The best-known Hambrecht/Pelosi partnership is the struggling United Football League.
An October 2009 Washington Post story reported that Paul Pelosi had purchased a team in Hambrecht’s nascent league for $12 million. The article was published four days before Hambrecht participated in another of Pelosi’s economic forums. After that four-hour meeting, Pelosi introduced Hambrecht and several other “leading economists” at a news conference, saying, “They’re going to tell you some of their forecasts that they told us about — some of the options that we may have in investments, in tax policy, in budgetary overview, on how we create jobs in the most fiscally sound way,” according to a CQ transcript.
Again, Pelosi did not mention her family’s investments with Hambrecht.
According to Pelosi’s disclosure form, most of the Hambrecht-linked investments produced losses or very little income last year except for one — an investment worth $5 million to $25 million in an investment firm called Matthews International Capital Management. The firm, partly owned by Hambrecht, specializes in Asian investments and earned Paul Pelosi somewhere from $100,000 to $1 million in income last year. Paul Pelosi also maintained a brokerage account with Hambrecht’s firm last year worth $500,000 to $1 million.
The Pelosis’ son, Paul Pelosi Jr., worked at Hambrecht’s company as an investment banker from July 2009 to September 2011, but a source familiar with his employment said, “He did not work on any investments that his family had through the company.”
The two families have been friends for many years, and the Hambrechts have donated more than $2 million to Democratic campaigns and causes, according to Federal Election Commission records.
Because the best and brightest economists just so happen to be mega donors to Democrats…which I’m sure is totally coinkidinkal, right?
ObamaCare was supposed to produce 400k jobs instantly. Preditcably enough, it didn’t. Paying people not to work is predicted to produce 600k jobs instantly. Ed notes how that is, um, unlikely:
This is a fairly testable hypothesis. The last time Congress extended the jobless benefits was a year ago, in another crunch-time compromise between Republicans and Democrats on Pennsylvania Avenue. Since then, the economy has added about 1.5 million jobs — an average of 125,000 a month, which is only enough to keep up with population growth. Assuming that Pelosi’s correct and we subtract 600,000 from the 2011 numbers, the Obama adminstration’s economic policies would account for growth that falls well below that of population maintenance — at only 75,000 per month.
At some point, Democrats who actually want to work (both of them) will have to accept that liberals are economic illiterates of the highest order.
San Fransicko’s a godless cesspool anyway, so this will fit in nicely. Quote:
Those who dispute that characterization “may not like the language,’’ she said, “but the truth is what I said. I’m a devout Catholic and I honor my faith and love it . . . but they have this conscience thing’’ that she insists put women at physical risk, although Catholic providers strongly disagree.
Yeah, can you believe the nerve of Catholics obeying their doctrine like she doesn’t? Can you believe that they actually have a conscience? How did that happen?
Confirmed: Corrupt Pelosi bought Visa stock, then stopped credit card reform to give her stock time to skyrocket in value
San Fran Nan, a friend to the common man…right? Details:
Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%.
The revelation appears in Throw Them All Out, the new book by investigative journalist and Breitbart editor Peter Schweizer, which was the focus of 60 Minutes on CBS this evening, and which is featured in this week’s issue of Newsweek.
In early 2008, Nancy Pelosi and her real estate developer husband, Paul, were given an opportunity to buy into a Visa IPO. It was a nearly impossible feat–one that average citizens almost certainly could never achieve. The vast majority of purchase opportunities went to institutional investors, large mutual funds, or pension funds.
Despite Pelosi’s consistent railing against credit card companies, on March 18, 2008, the Pelosis bought between $1 million and $5 million (politicians do not have to report the exact amounts, only ranges) worth of Visa stock at the IPO price of $44 per share. Two days later, the stock price rocketed to $65 per share, yielding a 50% profit. The Pelosis then bought Visa twice more. By their third purchase on June 4, 2008, Visa was worth $85 per share.
How did Nancy Pelosi snag one of the most coveted initial public offerings in history? The facts are still emerging. Yet according to Schweizer, corporations that wish to build congressional allies will sometimes hand-pick members of Congress to receive IPOs. Pelosi received her Visa IPO almost two weeks after a potentially damaging piece of legislation for Visa, the Credit Card Fair Fee Act, had been introduced in the House. If passed, the bill would have cut into Visa’s profits substantially by lowering so-called “interchange fees,” the 1% to 3% charge retailers pay Visa when customers use Visa cards for purchases. Interchange fees are a critical source of revenue for the four credit card companies–$48 billion in 2008, to be exact.
That bill never made it to the floor. When a weaker version did emerge, the aforementioed interchange fee reduction was not in it, thus protecting Visa’s (and Pelosi’s) financial interest.
Read the whole thing. This two-faced (both sides are Botoxed, I think) wench is so stinkingly corrupt that it’s sickening.
Newt: Sitting on the couch with Pelosi and cutting that junk science commercial was horrendously stupid
Yeah, it was. Nice to see you coming around to our view on that, sir. Details:
In 2008 former House Speaker Newt Gingrich appeared in a TV ad created by Al Gore’s Climate Reality Project with then-House Speaker Nancy Pelosi to urge action on anthropogenic climate change. Many conservatives were disappointed.
However, on Tuesday’s “Special Report” on the Fox News Channel, Gingrich — now a candidate for the Republican nomination for president — admitted it was a mistake for him to appear in the ad during the show’s “Center Seat” segment.
“First of all, that is probably the dumbest single thing I’ve done in years,” Gingrich said. “It is inexplicable that somebody used to say, ‘You know, there aren’t enough hay wagons to stand on to get people to understand that.’ You just need to relax and go, that was dumb.”
Panelist Charles Krauthammer asked Gingrich if he was being held hostage when the ad was filmed. Gingrich responded that he just made a mistake.
“No, that was dumb,” Gingrich said. “I was trying to do something I failed to do. I do think it’s important for conservative to be in the middle of the debate over the environment.”
For me, that’s one of the bigger hangups I had with the guy. There are others, chronicled here before. But that was a biggie.
Can you believe those crazy Republicans are anti-jobs? The nerve of them. Anywho, from Granny Botox:
In an interview late last week, House Minority Leaeder Nancy Pelosi (D-CA) told CNBC that Boeing should either unionize its production facilities in South Carolina, or shut them down entirely.
“Do you think it’s right that Boeing has to close down that plant in South Carolina because it’s non union?” asked host Maria Bartiromo. Pelosi’s reply: “Yes.”
The minority leader quickly added that she would rather it simply unionize and stay open. But barring unionization, by Pelosi’s reasoning, it should simply shut down.
Apparently, the only jobs worth creating are union jobs. Never mind that S.C. workers chose differently when given a chance:
Pelosi may or may not know that workers at the South Carolina plant in question voted resoundingly (199-68) to decertify their union two years ago. Government policies that would close the plant for being a non-union shop would simply be punishing those workers for exercising their right to determine union representation for themselves.
Yeah, well what do they know about their own factory, right? San Fran Nan is much more in tune with SC working conditions than the workers actually there, huh?
San Fran Nan’s rationale? Heh.
“They’re small. I couldn’t speak to all 1,800 of them, but some of the lists that I have seen have been very, very small companies. They will not have a big impact on the economy of our country,” Nancy Pelosi said in an interview with CNBC.
If, by “small companies”, you mean McDonald’s (one of the top employers in the nation), then yeah…”small companies”! Besides, didn’t she and her leftist ilk crow about how small business will love ObamaCare? Yeah, they love it so much that they’ve asked to be excused from its onerous requirements.
Way to go, San Fransicko.
Newt: Yeah, I probably shouldn’t have filmed that global “warming” commercial on the couch with Pelosi, huh?
Ya think? From The Hill:
Former House Speaker Newt Gingrich (R-Ga.) said Tuesday that he regrets making a commercial with then-Speaker Nancy Pelosi (D-Calif.) on the need to address climate change.
Gingrich, who partnered with Pelosi while she was Speaker for the 2008 ad, said the spot was “misconstrued,” and for that reason, he wouldn’t do it again.
“I was trying to make a point that we shouldn’t be afraid to debate the left, even on the environment,” Gingrich said on WGIR radio of the 30-second television commercial. “Obviously it was misconstrued, and it’s probably one of those things I wouldn’t do again.”
Gingrich said in January that he “meant exactly what [he] said in that commercial,” which was produced by the Alliance for Climate Protection, a nonprofit organization founded by former Vice President Al Gore (D). In the ad, Gingrich makes no endorsement of any policy solution, but says the “country must take action to address climate change.”
Still spinning: I don’t regret anything I said, only that you people were too stupid to see the nuance of my appearance.
By the way, this line is crap: “we shouldn’t be afraid to debate the left”. Dude, you weren’t “debating” the left on that junk science fad…you were agreeing with the left! Agreeing with San Fran Nan while sitting on a couch with the Botox queen during the filming of a commercial produced by a Gore charity isn’t going to get you far in a primary, pal.
There is no global “warming”, or if you prefer, “global climate change” going on. Period. And if a purportedly intelligent man like Gingrich can’t see that, then he doesn’t merit my vote or yours.
Queen Botox in 2006:
[E]ven if [Osama bin Laden] is caught tomorrow, it is five years too late. He has done more damage the longer he has been out there. But, in fact, the damage that he has done . . . is done. And even to capture him now I don’t think makes us any safer.
The death of Osama bin Laden marks the most significant development in our fight against al-Qaida. . . . I salute President Obama, his national security team, Director Panetta, our men and women in the intelligence community and military, and other nations who supported this effort for their leadership in achieving this major accomplishment. . . . [T]he death of Osama bin Laden is historic. . . .
But it’s the Republicans that are politicizing OBL’s death, right?
Consistency, integrity, and shame are sooooooo passé!
Yeah, I know: we already knew that. But kudos to the comPost for at least bucking the party line at least once in their miserable lives, right?
“In one of the bills before us, 6 million seniors are deprived of meals — homebound seniors are deprived of meals. People ask us to find our common ground, the middle ground. Is middle ground 3 million seniors not receiving meals? I don’t think so. We’ve got to take this conversation from a debate about numbers and dollar figures and finding middle ground there to the higher ground of national values. I don’t think the American people want any one of those 6 million people to lose their meals or the children who are being thrown off of Head Start and the rest of it.”
— House Minority Leader Nancy Pelosi (D-Calif.), April 4, 2011
Really? Six million seniors?
The first problem with Pelosi’s statistic is that, according to the agency’s budget documents, only about 2.6 million seniors receive such meals. That’s even less than what she decried as the mushy middle ground of compromise.
After we pointed out that fact, Pelosi spokesman Drew Hammill said “she means meals for seniors — 6 million meals.” In 2011, the agency is expected to deliver a little over 200 million meals, so that’s a cut of about three percent.
That’s a pretty big “oops.” She referred to “6 million seniors,” “3 million seniors” and “6 million people.” We understand slips of a tongue, but three times in a row, so emphatically, is hard to fathom.
But Hammill tried to defend the number of 6 million, though he acknowledged that “that pot of money I mentioned is not exclusively dedicated to this program.”
Translation: OK, I know the cut isn’t targeted to this program. But Nancy Botox isn’t going to let a trivial thing like facts get in the way of her shameless lying.
The comPost actually seems appalled (giving her Four Pinocchios), prompting me to wonder where they’ve been all these years that the San Fransicko Tart has been in DC:
In a city with overheated rhetoric, Pelosi’s statement ranks high on this year’s list of bloviated bluster. It’s bad enough that she repeatedly mixed up 6 million meals and 6 million people — and made no effort to correct the record after her statement was reported in the media. But the figure she used appears to have been invented itself, with little basis in fact.
Speaker who presided over a Congress that passed no budget: You know, a bunch of continuing resolutions is no way to be fiscally responsible!
And the freaks in San Fransicko keep sending this dolt back to Congress?
San Fran Nan and her ilk refused to pass a budget, one of the many reasons she is no longer House Speaker. Yet she complains that this is no way to fund the government? While I certainly agree with her (did I just say that?) that this is no way to fund the government, is she really the one who needs to have her botox-laden grill in front of the cameras to take this position?
Exit quote from Pe-loco: “Democrats have long fought for fiscal responsibility” Pfffffffffffffff-bwahahahahahahahaha!
“You folks aren’t bragging enough on me. Here, let me help you with that.”
The Democratic National Committee wanted to honor Nancy Pelosi Thursday — but its praise wasn’t good enough for the House minority leader.
When the DNC’s Resolutions Committee brought up a resolution commemorating Pelosi’s years as speaker of the House, Pelosi’s daughter sought to alter the proposal at her mother’s behest, adding some of the accomplishments that the elder Pelosi felt the committee had overlooked.
“I have some friendly amendments,” said Christine Pelosi, a political strategist, at the committee’s session during the DNC Winter Meeting at the Marriott Wardman Park hotel Thursday afternoon. She is a member of the committee.
“You think I’m kidding,” Christine Pelosi added, to surprised laughter from the room. The proposed changes, she indicated, came out of a discussion with her mother.
If you’re getting the impression that the Dems didn’t get the memo from the November 2010 elections, you would be correct. Just when you thought they couldn’t be more tone deaf after re-nominating the woman who lost control of Congress, they have flipped the bird to Normal America once again.
Seriously (video at link). The woman’s gone off the deep end.
Democrat strategy for 2012: Vote for us, so we can make the massively unpopular Pelosi YOUR House Speaker again!
Friggin’ brilliant move by the Ostrich Party, no? From Guy Benson:
House Democrats’ tone-deafness never ceases to amaze. First, after sustaining a historic drubbing shellacking in November, they willfully (and overwhelmingly) chose to retain one of the least popular politicians in the history of the republic as their leader. Now they’re gearing up to make restoring her Speaker’s gavel the centerpiece of their 2012 push. Surefire winner…
Message from Dems to Normal America: You’re welcome.
How else to explain this knee-slapper?
At her final press conference as House Speaker, Nancy Pelosi (D-CA) said, “Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go.”
Fox crunches the numbers:
When the Pelosi Democrats took control of Congress on January 4, 2007, the national debt stood at $8,670,596,242,973.04. The last day of the 111th Congress and Pelosi’s Speakership on December 22, 2010 the national debt was $13,858,529,371,601.09 – a roughly $5.2 trillion increase in just four years. Furthermore, the year over year federal deficit has roughly quadrupled during Pelosi’s four years as speaker, from $342 billion in fiscal year 2007 to an estimated $1.6 trillion at the end of fiscal year 2010.
Additionally, it is beyond dishonest to say that “pay as you go” has “been our mantra”! She and her party implemented all kinds of budget busting spending items, including extending unemployment benefits to 99 weeks, by explicitly and routinely bypassing their own “pay as you go” rules. When Republicans insisted that such spending items be paid for with the Dems’ own “pay as you go” rules, they were tarred and feathered by the Dems and the MSM (pardon the redundancy).
Then again, this is the same genius that said paying people not to go get a job and to keep them on food stamps was the best way to create jobs and stimulate the economy.
Congressional Democrats rammed a bill through the House of Representatives Thursday permanently extending the Bush-era tax cuts only for families making $250,000 a year or less.
It would maintain the current Alternative Minimum Tax limit for two years.
The measure, which passed on a sharply polarized 234-188 vote, would allow the Bush tax cuts to expire after December 31 for the wealthiest Americans. Most Democrats backed the bill, while most Republicans opposed it.
When the left and the MSM (pardon the redundancy) say “the wealthiest Americans”, they are referring to small business owners. Small business owners provide about 3/4 of the jobs in America today, and the overwhelming majority of small business owners are LLC’s or Sub-Chapter S corporations that report business income on their personal tax returns. Whenever Democrats demean and demonize the “evil rich”, it is the small business owner that they attack.
Naturally, the small business owner will not expend capital or hire anyone when they know that they are about to get “shellacked” (to use President Kick#ss’ term) in their pocketbooks. They will lay off employees to keep their expenses low and minimize the impending tax hike as much as possible. “Sorry, Jane, I need to let you go so I can send your salary to Uncle Sam. He thinks I’m rich, so the government having your salary is more important than you having your salary. Sucks for you. But hey, San Fran Nan says that the unemployment check and food stamps you receive will stimulate the economy. Now don’t you just feel totally stimulated, Jane?”
John Boehner called the move “chicken crap“, and he’s right when you consider that the House’s tax hike bill is DOA in the Senate (all 42 Republicans have promised to filibuster it). In other words, Pe-loser is telling the American people “Screw you!” on her way out the door. You stay classy, Speaker Botox.
Every one of us has seen commercials tying a Democrat to San Fran Nan this election cycle. And with most of those Dems wiped out, what is Speaker (for now) Botox’s reply?
“We didn’t lose the election because of me,” Ms. Pelosi told National Public Radio in an interview that aired Friday morning. “Our members do not accept that.”
See, it was the economy, and not Pe-loser, that trashed her party and her speakership. The same economy that her and her party ignored for over a year in order to commandeer 1/6 of the economy via ObamaCare…which, by the way, the overwhelming majority of the people didn’t want passed anyway? That economy? Yeah, totally not related to her at all.
I’m giddier than Barney Frank at a Chippendales show that these morons are going to put her back in charge.
A good article on how the young members of the House Democrat caucus want Pelosi and the old farts to step aside and let the young’ns step up into leadership roles had this laugher:
Others said Pelosi had won the right to lead the caucus next year through her performance as Speaker. “She’s taken us this far,” Rep. Mike Honda (D-Calif.) said.
Yeah, it takes a certain je ne sais quoi to preside over (if not outright engineer) historic losses on the 60+ House and 680+ state legislative seats scale. Wouldn’t want to deprive her of the opportunity to keep the streak going, would we?
Some Dem Congresscritters: Say, Nan, would you mind not being the face of our party in Congress?
NYT: You know, Pelosi may not exactly be the best fit for Dem House leader. Wait…the New York Friggin’ Times?
Pelosi: I’m running to be House Minority Leader. It was the messaging, not me, that caused so many Republicans to run commercials against…um, me.
James Clyburn (D-SC): San Fran Nan is a wonderful leader, and she’s just like cowbell: you can never have enough!
GOP: Clyburn is right, we are stoked that Pe-loco will still be the face of the party!
President Kick#ss: The reason we lost is because I didn’t speak nearly slowly enough for you American morons to figure out how awesome me, Nan, and the Dem Gang truly have been. My bad.
Moonbat blog: Dems lost the red, purple, and some blue districts for not being leftist enough. Right, because the independents who voted en masse for Republicans did so because they were mad at Pe-lousy and Company for not pushing their statist agenda, and the only logical solution to implement a leftist agenda is to…vote for the conservative opponent?
Obama: I had no idea that ObamaCare would be so poorly received, to the point of costing my side the House, several governor’s races, and nearly 700 state legislative races. If only there had been multiple polls, town halls, ringing phones, massive protests, a Tea Party resistance movement, or any other indicators…
BEVERAGE WARNING! Put down your Coke, beer, coffee, or whatever, because it is guaranteed to shoot out of your nose when you hear San Fran Nan try to sound like she knows a thing or two about business. Video clip here, laugher quote follows:
If I were not in politics, I’d probably be in business. I love the markets. I watched them since I was a teenager. I’m fascinated by it and it’s a force, it’s a force in our economy.
Whiskey Tango Foxtrot? Did someone tell her to just nervously toss out the word “markets” when talking about business and the reporter will instantly move on to another topic? You could tell she doesn’t have a friggin’ clue about business, so she clamored for the first business-sounding word that popped into her head so as not to come off as clueless (fail).
Pe-loco: The First Amendment is soooooo 1787! Details:
House Speaker Nancy Pelosi, California Democrat, called for an investigation of those who are protesting the building of the Ground Zero Mosque on Tuesday. She told San Francisco’s KCBS radio:
“There is no question there is a concerted effort to make this a political issue by some. And I join those who have called for looking into how is this opposition to the mosque being funded,” she said. “How is this being ginned up that here we are talking about Treasure Island, something we’ve been working on for decades, something of great interest to our community as we go forward to an election about the future of our country and two of the first three questions are about a zoning issue in New York City.”
San Fransicko, you MUST be proud!
Exit question: So is she advocating investigating Harry Reid?
Low-hanging fruit, my friends. But don’t deprive me of the fun of seeing the Speaker of the House, soon after her “the Word made flesh must guide our public policy”, having to tell us exactly when the Word was made flesh. I’m guessing Jesus wouldn’t have been too thrilled at being unceremoniously sucked out of Mary’s virgin womb, but hey, I wasn’t there, now was I? Excerpt from CNS News ( with video clip):
House Speaker Nancy Pelosi (D-Calif.), a Catholic, publicly stated earlier this year that she had a duty to pursue policies “in keeping with the values” of Jesus Christ, the “Word made Flesh.” But at a press briefing last week, when reminded of this statement, Pelosi declined to say when Jesus got the right to life.
“Whenever it was,” said Pelosi, “we bow our heads when we talk about it in church, and that’s where I’d like to talk about that.”
Didn’t seem to bother her to talk about it outside of church when she was on her “Word made flesh” roll in three months prior to this retreat, did it?
President Kick#ss’ spokesboob, Robert Gibbs, acknowledged in an interview that enough House seats are in play this November to give Republicans control. Speaker Botox was none too happy:
House Speaker Nancy Pelosi bashed White House Press Secretary Robert Gibbs Tuesday night, even as the president’s top spokesman continued to backpedal from his assertion that Democrats could lose control of the House in the November election.
The fusillade from Pelosi and other Democrats at a closed-door meeting escalated an already fiery clash between the White House and its own party in Congress. During the tense evening meeting, the speaker grilled the top White House aide in attendance, senior legislative affairs staffer Dan Turton, about the impact of Gibbs’ comments.
“How could [Gibbs] know what is going on in our districts?” Pelosi told her members in the caucus meeting in the basement of the Capitol Tuesday night. (Um…because every poll in the world shows Dems imploding? – CL.) “Some may weigh his words more than others. We have made our disagreement known to the White House.”
It is also rumored that Pe-loco fumed at Gibbs for noticing that water was wet, the sun was warm, and Ellen DeGeneres was a little on the gay side.
If economic stupidity were painful, this wench would be comatose by now. Quote Speaker Botox, regarding federal unemployment compensation:
It creates jobs faster than almost any other initiative you can name.
Oh. My. Stars. I don’t really need to point out the sheer, unadulterated lunacy of that statement, do I?
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