House Minority Leader, Nancy Pelosi, has held onto her power for so long that she morphed into the Dem’s crypt keeper while we were looking the other way.
With Trump’s economy roaring the stock market has experienced record-setting gains across all indices in the time since his election. Rising stock prices has created seven trillion dollars in new wealth strengthening stressed pension programs and the retirement accounts of average Americans.
Jobs – especially good paying jobs – are returning to the United States.
Hundreds of billions of dollars have already been committed to new capital investment and that means even more new jobs. Home equity has climbed back to the level it was when Obama took office.
And, with the passage of the tax cuts, an expected $3 trillion dollars in money will be repatriated and will fund yet more new investment.
You would think everyone who loves and cares about the financial well being of anyone living in this would give President Trump his due.
It’s one thing for a pointy-headed Marxist professor to espouse policies counter to the success we are witnessing all around us but when Crypt Keeper Pelosi decided to deride the results of Trump’s tax cuts her comments revealed just how out of step she is with what’s happening around her.
Just eight years ago she was all about spending $3 trillion dollars of taxpayer money with three economic stimulus packages – QE 1, QE2, and QE 3. The result was the weakest consecutive 7-year growth rate in our nation’s history.
Trump, hasn’t used any taxpayer money, just smart fiscal, regulatory, and now tax policy to achieve the incredible growth of the past year.
This cannot be! Not for Pelosi anyway. Proving she’s an inadaptable one-trick pony, she reverted to the rhetoric that brought her to power in the first place – class warfare.
Feeling the need to say something – like your senile relative at Thanksgiving – Pelosi blurted out this inanity:
“This is the end of the world. This is Armageddon. This is a very big deal because you know why? There’s really a very hard way to come back from this. They take us further more deeply into debt. What can you do but raise taxes?”
There may be no way for Democrats to come back from this but for millions of Americans who are finally returning to work their comeback has begun.
Perhaps Pelosi’s net worth that is reported to be in the neighborhood of $20 million is the reason she can’t understand that there are two ways to balance your accounts. One may be to raise revenue but the other is to cut spending.
Cutting spending, that’s something millions of American workers who were disenfranchised by the economic policies Pelosi is still espousing were forced to do and soon enough they are going to force Congress to do the same.
Anytime will be too soon for Pelosi whose base is dependent on government handouts.
The tone-deaf Pelosi took the microphones again and this time she removed all doubt how out of touch with hardworking Americans she really is.
A reporter asked her about “A number of companies are attributing the tax bill for being able to give higher wages to their employees as well as being able to give a number of bonuses to their employees. How do you respond to that?”
Pelosi’s response? “In terms of the bonus that corporate America received versus the crumbs that they are giving workers to kind of put the schmooze on is so pathetic. It’s so pathetic.”
The tax cuts were passed and signed into law just prior to Christmas. That was three weeks ago and already more than 150 companies have announced significant employee bonuses and wage increases. Most companies are still compiling their year-end accounting before they can make that commitment but that’s a helluva start.
Wal-Mart, the company liberals love to hate and that has been blocked from opening stores by numerous Democrat controlled councils announced their plans earlier this week:
- A one-time bonus benefiting all eligible full and part-time hourly associates in the U.S. The amount of the bonus will be based on length of service, with associates with at least 20 years qualifying for $1,000.
- An increase in Wal-Mart’s starting wage rate to $11 an hour, effective in the Feb. 17, 2018, pay cycle. The change is in addition to wage increases already planned for many U.S. markets in the coming fiscal year.
- An expanded parental and maternity leave policy, providing full-time hourly associates in the U.S. with 10 weeks of paid maternity leave and six weeks of paid parental leave. Salaried associates will also receive six weeks of paid parental leave.
- Wal-Mart will provide financial assistance of $5,000 per child to both hourly and salaried employees.
More than 100 companies announced bonuses of $1,000. If Pelosi truly believes that is a crumb how would she defend my Social Security increase of $4 per month last year following no increase the year before? That’s $48 total for two years.
Americans made the right choice last November. Now Pelosi is desperately trying to put the genie back in the bottle. Class warfare is the oldest trick in the Marxist’s playbook but for Americans who are finally free to again pursue their dreams, Pelosi will be dead and buried before their kids start buying that rhetoric again.