Wednesday, January 05, 2011

Pelosi: You can fool some of the people all of the time 

Nancy Pelosi really is a piece of work:

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."

Yes, and there are cellophane flowers of yellow and green, towering over her head.

When Nancy Pelosi and Harry Ried took control of Congress a mere four years ago yesterday, the national debt was $8,670,596,242,973.04. Today it is $13,858,529,371,601.09, an increase of more than five trillion dollars in four years. No conceivable tax increase could close that gap, it comes from unprecedented peacetime spending. Worse, only a sucker would bet that in the next two years Pelosi will vote for the deep and long-term spending cuts that we all desperately hope the Republicans are about to propose.

The worst of it is that Pelosi fully expects that a huge number of voters will believe her big lie, and she is right.


By Anonymous Anonymous, at Wed Jan 05, 10:31:00 AM:

From now on out, as long as she is in Congress, Nancy will regularly pee in the pool! The only good thing about having the Kenyan in the White House has been that he's ordered the media to not say much about anything.
Nancy will now order the media to bitch and moan about everything the Pubbies do that she doesn't like.
You are delusional if you believe that JournoList went away and wasn't replaced by something a little more secure.  

By Anonymous Mr. Ed, at Wed Jan 05, 10:44:00 AM:

What amazes me about NP, is that some time ago she converted completely to faith in her reality distortion field, AND, it still leaves her more able to raise bags of cash than any other democrat in the House. She bought the Speakership, and now after shepherding Democrats to a historic defeat bought the minority leadership spot too.

Pretty much all that's left of her caucus is the income redistributionists, which tend to be people who want to receive someone else's money. What did she do to get a line on all that cash? And can she still do it at her age?


By Anonymous Ignoramus, at Wed Jan 05, 12:43:00 PM:

"What did she do to get a line on all that cash?"

Nancy's husband used to work with Bill Hambrecht. Hambrecht made a fortune as banker to shitty no name companies like Apple, Genentech, Adobe, etc. Back in the 1970s and 1980s, these companies couldn't get the time of day from the big banks.

These contacts have given Nancy access to real money that's the source of her power.  

By Anonymous Old Fan, at Wed Jan 05, 01:16:00 PM:

Happy New Year to All TH readers and the mighty TH.

Democrat Partisans have lied about all. Even now we see via the WIKI Dump, the reality the Bush Administration was proven correct in concerns about Iraq - and the World is so much better off without dealing with that Monster as we watch Iran, North Korea, Syria, China, Russia, etc., laugh at Hillary Clinton's "smart power".

Obama, Pelosi, Reid, Schumer, Holt, etc., lied about earmarks, lobbyists, signing statements, executive orders, the Patriot Act, GITMO, transparency, taxation, spending, Iraq, etc.

It is disgusting.

We continue to see this corrupt, negligent, incompetent, negligent, ignorant, Democratic Partisan Political Machine sink all in it's ugly wake, being held up by a mindless MSM complex of like minded devotees.

Meanwhile you have Unions holding "hostage" entire Cities, Schools, Industry, etc., for their own pathetic greed - all encouraged by Democratic Partisans.

We simply cannot allow this mess to continue anymore.

And today we see Republicans again coming in, just as they did in 1994, or with Reagan prior or GW later, to clean up the mess.

Too bad we let fashion weaken the effort for the run on the Senate Side, as more numbers would have empowered the coming storm in the House, which looks to turn back the tide. Even with some weaker elected GOP Senate Members, in Delaware for example, they would have been pushed to follow the more Conservative Majority of the Republican lead from the House.

Thus, we have also enabled the very worse, especially with that disastrous reactionary folly seen amongst so many Conservative Pundits facing fears over Iraq after 2004. We cannot do this any longer, giving Democrats any gifts anymore.

2012 is essential, and we need to never let someone like Nancy Pelosi near a position of influence every again.  

By Blogger JPMcT, at Wed Jan 05, 01:57:00 PM:

"Pelosi fully expects that a huge number of voters will believe her big lie, and she is right"

What do you do in a Rebublic where the electorate have become incompetent to vote?  

By Anonymous Anonymous, at Wed Jan 05, 03:13:00 PM:

And what does the NYT have to say, in welcoming the change from Pelosi and the Dems to the GOP in the House today?

Courtesy of Allah, we read “Certainly the Republican leadership is not trying to suggest that African-Americans still be counted as three-fifths of a person.”

Nice rhetoric, huh? The "reality distortion field" extends far beyond Washington and far beyond fiscal matters. I reaaly wonder if the country can survive this sort of propaganda.  

By Anonymous Anonymous, at Wed Jan 05, 04:21:00 PM:

No conceivable tax increase could close that gap, it comes from unprecedented peacetime spending.

Peacetime? What decade are you living in?  

By Anonymous Anonymous, at Wed Jan 05, 05:02:00 PM:

Anon attorney here. I have the following comments about this:
1. The $13.85T is a government number. The National Debt Clock is at $14.04T today.
2. These numbers do not include the $5T of debt owned by Fannie and Freddie, which the Democratic Congress voted to fully backstop. Nor do they include the $1.5T notional of MBS liabilities on the Fed's balance sheet which will be transferred to the U.S. Treasury.
3. Accordingly, the U.S. National Debt is more like $20T than $14T.
4. The effective doubling of our national debt in 2008-2010 is a direct result of our government stepping in to backstop our money center banks. It is not a result of military spending or of social spending.
5. As much as I'd like to blame liberal democrat's social policies for our fiscal problems, I can't. The numbers don't lie. Our budget woes are the direct result of rescuing big banks which should have been allowed to fail.
6. Honest analysts are pegging the 2011 deficit at approximately $2T and are now estimating the national debt at $25T by 2015.
7. This cannot be sustained. The only upside to this mess is that it is no longer our children's problem; it is our problem.
8. The U.S. will either default or will experience a hyperinflationary devaluation in the next decade.
9. If you want to see what is coming, watch Europe closely.

Happy New Year!  

By Anonymous Ignoramus, at Wed Jan 05, 05:18:00 PM:

Per Anon Attorney, we doubled our national debt in the last two years -- an increase of $10 trillion. But the total value of the US mortgage market is something like $10 trillion. WTF?  

By Anonymous Blacque Jacques Shellacque, at Wed Jan 05, 05:48:00 PM:

Nancy will now order the media to bitch and moan about everything the Pubbies do that she doesn't like.

They're already on it.

(via Legal Insurrection)  

By Anonymous Anonymous, at Wed Jan 05, 06:20:00 PM:


The MBS market is many multiples the size of the mortgage market. Derivatives, baby.  

By Blogger Noumenon, at Wed Jan 05, 07:43:00 PM:

I believe the big lie, I'd have to say. The big debt increase is from the stimulus/TARP and lower tax receipts, I think. While the stimulus increased the debt, I don't think it increased the deficit because it's mostly temporary. The permanent bills the Democrats did pay attention to Paygo.

I'm not sure any of the sentences in the above paragraph is actually true, but that's how I feel.  

By Blogger Progressively Defensive, at Wed Jan 05, 08:49:00 PM:

What about unemployment? It was (just based on off-hand recollection) about 5.7% on January 1, 2007 when she became speaker. When she left and during much of her tenure it was closer to or at 10% on January 1, 2011.

Horrible; the opposite of what brought the USA here and an acute form of 1960s/1970s idiocy that wrecked this nation in those years.  

By Blogger TigerHawk, at Thu Jan 06, 08:22:00 AM:

Peacetime? What decade are you living in?

Sorry, slopping short-handing on my part. I was qualifying "unprecedented" inarticulately. Federal debt ballooned faster in proportionate terms during World War II. Yes, we are not now in peacetime per se, but the "small wars" in Iraq and Afghanistan are not the drivers of these increases.  

By Anonymous Ignoramus, at Fri Jan 07, 11:11:00 AM:

"The MBS market is many multiples the size of the mortgage market. Derivatives, baby"

I'm slow but I'm getting there.

Are the following statements true?

The extent of the 2008 financial meltdown and the size of the resulting bailout were multiplied by something like 5x or more because Wall Street had leveraged up the mortgage market with structured products and other derivatives?

Most of these financial products had little to do with "investment" but only served to facilitate gambling.  

By Anonymous Anonymous, at Mon Jan 10, 09:03:00 AM:

Iraq war? Bush tax cuts? Bank bailout? Pah... it was all the fault of that dastardly Democrat congress!  

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