Tag: Nancy Pelosi
Nancy Pelosi: “Every month 500 million Americans lose their jobs.”
House Majority Leader, Democratic Congresswoman Nancy Pelosi, demagogued in a press conference today what she believes will happen without President Obama’s “stimulus package” being passed before Presidents Day, February 16th: I really think that if we do not have an economic recovery package, every month 500 million Americans lose their jobs. I don’t think...
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Big “Duh,” No. 1
Here’s a headline no one should be surprised to see: “Political Interference Seen in Bank Bailout Decisions” (Nor surprised to see Barney Frank the poster boy for such: see also “‘Saturday Night Live’ Lampoons the Bailout“)
“Saturday Night Live” Lampoons the Bailout
In a recent sketch, NBC’s “Saturday Night Live” (SNL) superbly and hilariously lampoons the $700 billion bailout and the foolishness, deception, and hypocrisy of many of those who support it. However, according to the Los Angeles Times, NBC has since pulled the original version of the segment from the SNL website apparently as a...
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Metaphors Reveal the Economic Ignorance of Politicians and Journalists
The past few weeks have been a difficult time for economic educators. Never has it been more obvious that all their efforts have been in vain. Neither the politicians nor the journalists, who have been spewing out words at a rapid rate with regard to the so-called financial crisis and the proposed financial bailout, have a...
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Bailout Will Only Worsen Federally Caused Crisis
On the second try in a week, the $700 billion bailout (“rescue”) bill (“The Emergency Economic Stabilization Act of 2008”) was easily stampeded through the House with a vote of 263 to 171, despite public opposition. The measure strongly and eerily resembles the Reconstruction Finance Corporation (RFC), which as Independent Institute Senior Fellow Robert...
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