Posted by: 12stepgolf | December 26, 2009

The Ideal of a “GLOBAL” TAX! Oh, Nancy get a Grip

As I was reading this article from CNS NEWS, my curiosity was even more aroused to the authority of Nancy Pelosi’s ability to make such hideous assumptions and statements.  This woman is really get on my nerves.

What is this woman’s background?  What was her major course of study?  What did she do before she became a House Representative?

Well low and behold, this woman has done absolutely nothing.  That is right.  You cannot even find out what her major was in college.

Pelosi graduated from Trinity College in Washington, D.C., in 1962.   Pelosi interned for Senator Daniel Brewster (D-Maryland) alongside future House Majority Leader Steny Hoyer. While a student there, she met Paul Pelosi. The two later married and moved to San Francisco. They had five children: Nancy Corinne, Christine, Jacqueline, Paul, and Alexandra.  She supposedly focused on raising her family. Pelosi has always been a part of politics, from the internship and then a volunteer for the California Democratic Party.  She hosted parties and helped with campaigns. Pelosi rose up the ranks, serving as a California representative to the Democratic National Committee from 1976 to 1996. She also served as the state and northern chair of the California Democratic Party.

Now aren’t those great qualifications for being the Speaker of the House of Representatives?

Perhaps this qualifies her, the Pelosi family has a net worth of nearly $19 million as of 2007, largely from investments. In addition to their large portfolio of jointly owned San Francisco Bay Area real estate, the couple also owns a vineyard in St. Helena, California, valued between $5 million and $25 million. Pelosi’s husband also owns stock, including $5 million in Apple Computer, and is the owner of the California Redwoods of the United Football League. Pelosi continues to be among the richest members of Congress.

Doesn’t knowing this make you feel safe and secure having her second in the line of presidential succession, following the Vice President which makes her the highest-ranking female politician in American history.

The woman has been and continues to be way over her head with any practical knowledge of living.  I am sure her political pedigree is what has served her to walk all over people and have contempt for the American voting public.  She does follow in her father’ footsteps, and has gotten were she has because of his coattails.  As for Nancy, she could not have gotten to where she is on her intelligence alone, she has no intelligence.  She is driven only by political vengeance and the addiction to power, and the dysfunctional family syndrome. DADDY ARE YOU PROUD OF ME YET?

Let us face it:  She is about as Smart as a bag of rocks.

So many of the Left make fun of Sarah Palin’s education and intelligence, and I dare you to compare Sarah’s accomplishments to Nancy’s any day of the week.

Nancy Pelosi is a go-for, she is no more than a tool of the Left to promote their lame-brained agenda.

The elevator doesn’t go all the way to the top floor.

A few keys short of a keyboard.

Not the brightest bulb on the Christmas tree.

Not the brightest crayon in the box.

A few threads short of a sweater.

etc., etc., etc.

Monday, December 07, 2009
By Matt Cover, Staff Writer

House Majority Leader Steny Hoyer and House Speaker Nancy Pelosi arrive for a press conference after House passage of the health care reform bill at the U.S. Capitol on Saturday, Nov. 7, 2009. (AP Photo/J. David Ake)
(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending.

At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach.

The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the Troubled Asset Relief Program (TARP), with funds from both going to fund a second stimulus spending package. (The first stimulus bill, $789-billion, was signed into law by President Barack Obama on Feb. 13, 2009.)

“I believe that the transaction tax still has a great deal of merit,” Pelosi told reporters. “The concern that many of us or others have had is that it will send, it will send transactions overseas.

“Well, let’s see, the fact is, what we are talking about is a global transaction [tax],” she said, “something that we would do in conjunction with other G nations, whether it is G8, G20, whatever the current G number is. Because it is really a source of revenue that has really minimal impact on the transaction, but a tremendous impact on helping us meet our needs.”

Pelosi said she thought the idea might have currency among a public eager to see Wall Street firms “pitching in” to help the government grow the economy.

“I think there would be a market for it among the American people to say that we are all participating in the economic prosperity of our country, and we are all pitching in to continue that prosperity,” said Pelosi.

The tax idea, the brainchild of British Prime Minister Gordon Brown, would mean that all major financial centers – Asia, the EU, U.S., and U.K. – would all have to pass a similar transaction tax to avoid disadvantaging one country’s stock exchange. This would ensure that no matter where a person wanted to buy stock, they would have to pay the new tax.

Brown originally proposed the idea on Nov. 7 at a meeting of G20 finance ministers in St. Andrews, Scotland.

The American version, H.R. 4191, introduced by Rep. Peter DeFazio (D-Ore.), would levy a separate tax on all stock trades, futures contracts, swaps, credit default swaps, and stock options in an effort to tap the trillions of dollars of such transactions.

Seeking to circumvent concerns about further deficit spending on stimulus programs, the bill attempts to raise approximately $150 billion every year.

“The jobless recovery suggests that the Federal Government must continue to prime the economy, but the record deficit is a real obstacle,” the bill reads.

“To restore Main Street America, a small securities tax on Wall Street should be invested in job creation for Main Street,” says the bill. “This transfer tax would be assessed on the sale and purchase of financial instruments such as stocks, options, and futures. A quarter percent (0.25 percent) tax on financial instruments could raise approximately $150,000,000,000 a year.”

The transaction tax proposal was met with opposition from some House Democrats, who signed a “Dear Colleague” letter outlining their opposition to the tax and urging other members of Congress to join them.

“A $150 billion tax on financial transactions will fall on millions of hardworking Americans who are saving for their future through their 401k plans, mutual funds, pensions and other savings vehicles,” wrote Reps. Michael McMahon (D-N.Y.), Carolyn Maloney (D-N.Y.), and Debbie Halvorson (D-Ill.) in the letter, which is still being circulated on Capitol Hill, a copy of which was obtained by CNSNews.com.

“Supporters of the proposal promote it as a way to make Wall Street pay for economic stimulus, because it would apply only to stocks, futures, forwards and derivatives,” the letter states.

“In reality, it would be a tax on all investment and savings vehicles because mutual funds and money market fund transactions are, by definition, purchases and sales of securities and bonds,” it added.

The three Democrats said that the American version of the proposal would not exempt middle class Americans, as it claims to do, because while the tax would be paid by major stock brokers, those brokers would pass the cost down to everyday investors, pension, and retirement funds.

“Proponents of a transaction tax argue that a small 0.25 percent tax on stocks would be paid for by the highly paid financial traders and would not affect most Americans,” reads the letter. “This is simply not true. A tax on stock transactions would affect every single person who owns and invests in stocks from small business owners to senior citizens.”

“Americans saving for their retirement, to pay for college or ‘a rainy day fund’ to meet future emergencies will be subjected to a tax that will reduce the value of their savings at a time when they are just starting to recover the losses they incurred at the height of the financial crisis,” the letter states.

Pelosi’s office did not return calls for comment on this story, according to the author Matt Cover.

Then I received this e-mail yesterday:

Am I missing something, or is she just THAT stupid?!

IMPEACH HER NOW BEFORE SHE DOES ANY FURTHER DAMAGE!!

WHAT AN IDIOT!!

IF YOU DON’T AGREE JUST DELETE–IF YOU DO–PASS IT ON!!

WHERE DO WE GET THESE MORONS?????’

Windfall Tax on Retirement Income

Adding a tax to your retirement is simply another way of saying to the American people, you’re so darn stupid that we’re going to keep doing this until we drain every cent from you. That’s what the Speaker of the House is saying. Read below…………….

Nancy Pelosi wants a Windfall Tax on Retirement Income.  In other words tax what you have made by investing toward your retirement. This woman is a nut case! You aren’t going to believe this.

Madam speaker Nancy Pelosi wants to put a Windfall Tax on all stock market profits (including Retirement fund, 401K and Mutual Funds!) Alas, it is true – all to help the 12 Million Illegal Immigrants and other unemployed Minorities!

This woman is frightening.
She quotes…’ We need to work toward the goal of equalizing income, (didn’t Marx say something like this?), in our country and at the same time limiting the amount the rich can invest.’  (I am not rich, are you?)

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 way to guarantee these people the standard of living they would like to have as ‘Americans’.’

(Read that quote again and again and let it sink in.)  ‘Lower your retirement, give it to others who have not worked as you have for it’..

THE WOMAN IS A LUNATIC AND A STUPID ONE AT THAT………….SHE KNOWS SHE ISN’T PLAYING WITH A FULL DECK…………….SHE HAS NO CLUE WHO THE AMERICAN PUBLIC IS……………..HER CONTEMPT FOR US IS EVIDENT IN EVERYTHING SHE HAS PULLED ON US……………..SHE LIKES MONEY AND POWER AND HAS NO SOUL……………SHE SOLD HER SOUL TO THE POLITICAL STORE………………..NOW SOROS OWNS IT…………SAD THAT SO MANY ARE AFRAID OF HER………………….BUT THEY SOLD THEIR SOULS LONG AGO……………….BLACK MAIL AND PAY OFFS THAT IS ALL THEY KNOW…………………….HAPPY NEW YEAR TO ONE AND ALL


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: