Distinguished Speaker of the US House of Representatives, Nancy Pelosi.
This is what happens when your only higher education is in Liberal Arts and
you've never opened a book on business or economics. Even though it's
California, HOW do these people get elected? Here's an individual who
clearly doesn't understand what makes our present system work and wants to
replace capitalism with socialism.
Ms. Pelosi is a new leader in Congress. As such, we should be very concerned
and hope everyone reads this. It's hard to believe there are American
citizens who support her theories on social revolution and can make any
sense of what she spins. Take a good hard look at what she wants. Take
special note of the last paragraph. *
Congresswoman Nancy Pelosi on the US economy and taxes:
Nancy Pelosi condemned the new record highs of the stock market as "just
another example of Bush policies helping the rich get richer". "First Bush
cut taxes for the rich and the economy has rebounded with new record low
unemployment rates, which only means wealthy employers are getting even
wealthier at the expense of the underpaid working class".
She went on to say, "Despite the billions of dollars being spent in Iraq our
economy is still strong and government tax revenues are at all time highs.
What this really means is that business is exploiting the war effort and
working Americans just to put money in their own pockets".
When questioned about recent stock market highs she responded, "Only the
rich benefit from these record highs. Working Americans, welfare recipients,
the unemployed and minorities are not sharing in these obscene record
highs". "There is no question these windfall profits and income created by
the Bush administration need to be taxed at 100% rate and those dollars
redistributed to the poor and working class". "Profits from the stock market
do not reward the hard work of our working class who, by their hard work,
are responsible for generating these corporate profits that creates stock
market profits for the rich. We in congress will need to address this issue
to either tax these profits or to control the stock market to prevent this
unearned income to flow to the rich."
When asked about the fact that over 80% of all Americans have investments in
mutual funds, retirement funds, 401K's and the stock market she replied,
"That may be true, but probably only 5% account for 90% of all these
investment dollars. That's just more "trickle down" economics claiming that
if a corporation is successful that everyone from the CEO to the floor
sweeper benefit from higher wages and job security which is ridiculous".
"How much of this 'trickle down' ever gets to the unemployed (Nancy, if a
person is unemployed, how could they expect to benefit from â trickle down
economics?) and minorities in our country? None, and that's the tragedy of
these stock market highs."
"We democrats are going to address this issue after the election when we
take control of the congress. We will return to the 60% to 80% tax rates on
the rich and we will be able to take at least 30% of all current, lower
Federal Income Tax taxpayers off the roles and increase government income
substantially. We need to work toward the goal of equalizing income in our
country and at the same time limiting the amount the rich can invest."
When asked how these new tax dollars would be spent, she replied, "We need
to raise the standard of living of our poor, unemployed and minorities. For
example, we have an estimated 12 million illegal immigrants in our country
who need our help along with millions of unemployed minorities. Stock market
windfall profits taxes could go a long ways to guarantee these people the
standard of living they would like to have as "Americans"."
If you think Nancy Pelosi's reasoning makes good sense, simply delete this
message: but if you find her logic on economics, taxes and the stock market
outrageous and disturbing, then please pass this message along.
nancy pelosi, take a look
-
timberjack
- Duck South Addict
- Posts: 1321
- Joined: Wed Dec 12, 2001 1:01 am
- Location: Louisville, MS
- Contact:
-
Damn_It_Boy
- Duck South Addict
- Posts: 3776
- Joined: Thu Nov 02, 2006 7:19 pm
- Location: Gluckstadt, Ms
-
GordonGekko
- Duck South Addict
- Posts: 5070
- Joined: Tue Aug 07, 2001 12:01 am
- Location: a blind near you
- Contact:
-
VICKSBURGBOB
- Veteran
- Posts: 155
- Joined: Mon Nov 06, 2006 6:33 am
- Location: VICKSBURG, MS
Blackduck wrote:
Them snopes folks sure seem to ferret out a lot of information.
Yeah, it said that story came from a couple New York Times reporters. The New York Times reporters leaking a fake story to hurt Dems......
Come on!..... Sounds like Snopes may be a little left leaning themselves.How do you like your Hope and Change?
Re: nancy pelosi, take a look
tip101 wrote:When asked how these new tax dollars would be spent, she replied, "We need
to raise the standard of living of our poor, unemployed and minorities. For
example, we have an estimated 12 million illegal immigrants in our country
who need our help along with millions of unemployed minorities. Stock market
windfall profits taxes could go a long ways to guarantee these people the
standard of living they would like to have as "Americans"."
12 million ILLEGAL Immigrants that need our help. The only help they need is a firm push out the door
Who is online
Users browsing this forum: No registered users and 9 guests