Nancy Pelosi Known For …
Nancy Pelosi (D-CA), Democrat Party hack, is known for her disastrous tenure as Speaker of the House, flying herself and family at taxpayer expense, defender of the Obamacare bill, and getting Obamacare waivers for companies in her district. She continues to defend the 2009 ARRA (better known as the “stimulus”) even though evidence proves her wrong. (BTW, how can a Catholic continually defend abortion?)
During her watch as Speaker of the House (2007-2011), debt increased $534 trillion and unemployment went from 4.4% to 9.4%. The economy was booming when the Democrats and Pelosi took over Congress in 2007. By the end of their first year in charge, a recession began that many claim to be the worst since the Great Depression.
What She Says the Unemployment Rate Could Have Been
Now she’s at it again.
- 14.5%- “Without the Recovery Act and accompanying federal interventions, whether from the Fed, or Cash for Clunkers, or other initiatives, the unemployment rate last year at the time of the election would have been fourteen and a half percent, not nine and a half percent.”
- 15%- House Minority Leader Nancy Pelosi said at her press briefing Thursday [November 3, 2011] that if the stimulus had not been enacted the unemployment rate would now be 15 percent.
- 16% – “We prevented the country from falling into a Depression – Democrats took courageous votes to do so. Though some paid a price, they showed real political courage – and those courageous votes prevented the unemployment rate from reaching 16%!”
Rep. Nancy Pelosi claims that without stimulus spending unemployment would be 15 percent, but the Commissioner of Bureau of Labor Statistics (BLS) is not familiar with any study that would project that number.
Looking at Nancy Pelosi’s actions, it’s a wonder that she has any credibility left. But she somehow manages to get reelected and keep opening her mouth. And the MSM slavishly reports everything she says. So I guess we are stuck with her.
But that’s just my opinion.