Democrat Thinking

[Andy L]

Well, you libbys out there elected them. Hope your happy.




October 22, 2006

Nancy Pelosi condemned the new record highs of the stock market as "just
another example of Bush policies helping the rich get richer".
"First Bush cut taxes for the rich and the economy has rebounded with new
record low unemployment rates, which only means wealthy employers are
getting even wealthier at the expense of the underpaid working class".

She went on to say "Despite the billions of dollars being spent in Iraq
our economy is still strong and government tax revenues are at all time
highs. "What this really means is" that business is exploiting the war
effort and working Americans, just to put money in their own pockets".
When questioned about recent stock market highs she responded "Only the
rich benefit from these record highs. Working Americans, welfare
recipients,
the unemployed an d minorities are not sharing in these obscene record
highs".

"There is no question these windfall profits and income created by the
Bush administration need to be taxed at 100% rate and those dollars
redistributed to the poor and working class".

"Profits from the stock market do not reward the hard work of our
working class who, by their hard work, are responsible for generating
these corporate profits that create stock market profits for the rich. We
in
congress will need to address this issue to either tax these profits or to
control the stock market to prevent this unearned income to flow to the
rich".

When asked about the fact that over 80% of all Americans have investments
in mutual funds, retirement funds, 401K's, and the stock market she
replied
"That may be true, but probably only 5% account for 90% of all these
investment dollars. That's just more "trickle down" economics claiming
that
if a corporation is successful that everyone from the CEO to the floor
sweeper benefit from higher wages and job security which is ridiculous".
How
much of this "trickle down" ever get to the unemployed and minorities in
our
county? None, and that's the tragedy of these stock market highs."

"We democrats are going to address this issue after the election when we
take control of the congress. We will return to the 60% to 80% tax rates
on
the rich and we will be able to take at least 30% of all current lower
Federal Income Tax taxpayers off the roles and increase government income
substantially. We need to work toward the goal of equalizing income in our
country and at the same time limiting the amount the rich can invest."

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
ways to guarantee these people the standard of living they would like to
have as "Americans"

A Bush spokesman responded to this interview by saying "Mrs. Pelosi has
set a new standard for the spin business".