Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Nancy Pelosi pushes (global) financial transaction fee
Politico.com ^ | 12/3/09 | David Rogers

Posted on 12/03/2009 8:26:02 PM PST by NormsRevenge

Speaker Nancy Pelosi gave her strongest endorsement yet of a global financial transaction fee Thursday after raising the issue directly with Treasury Secretary Timothy Geithner in a conversation this week.

Geithner was widely seen as opposing such a levy when it was proposed by Gordon Brown, the British prime minister, at a meeting of G-20 finance ministers last month in Scotland. But after their phone conversation Wednesday, Pelosi told colleagues that the secretary indicated he was more open to some such fee than had been reported.

Pelosi didn’t reveal her conversation with Geithner at her weekly press conference Thursday, but several sources confirmed the details to POLITICO based on her discussions of the matter in a Democratic leadership meeting this week.

There has been growing pressure from liberals in Congress for President Barack Obama to be more aggressive in tapping into Wall Street’s wealth to help finance Main Street job-creation programs.

With unemployment above 10 percent and new numbers out Friday, Democrats are anxious for action going into the 2010 election cycle. Toward this end, the Pelosi-Geithner talks also dealt with her request that the administration make available for job creation plans some of the billions in unspent and returned bank bailout money – an area where Treasury is showing some give.

Private industry is strongly opposed to a financial transaction fee, but prominent economists have supported the idea as a way of creating a drag on short-term markets speculation and recouping some of the huge costs imposed on government by the collapse of financial giants last year.

Just Thursday, Rep. Peter DeFazio (D-Oregon) and Sen. Tom Harkin (D-Iowa) helped introduce a labor-backed bill that would impose a .25% tax on securities transactions in hopes of raising $150 billion for deficit reduction and jobs related programs including highway transportation projects.

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Foreign Affairs; Government; Politics/Elections
KEYWORDS: financial; global; nancypelosi; pushes; transaction
Navigation: use the links below to view more comments.
first 1-2021 next last

1 posted on 12/03/2009 8:26:03 PM PST by NormsRevenge
[ Post Reply | Private Reply | View Replies]

To: NormsRevenge

Does this ditz ever think about anything other than how to steal other people’s money? This bimbo has got to go. Americans need to take back at least the House in 2010.


2 posted on 12/03/2009 8:28:26 PM PST by FlingWingFlyer (Hey America! How's that hopey changey "diversity" thing workin' out for ya?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

These liberals are totally insane.


3 posted on 12/03/2009 8:29:42 PM PST by Parley Baer
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Great idea, let’s tax all those dollars fleeing the USA!

Except before the tax goes in effect...


4 posted on 12/03/2009 8:30:02 PM PST by sickoflibs ( "It's not the taxes, the redistribution is the government spending you demand stupid")
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

All hail Queen Pile-o-crap, the leader of the NWO............

/sarc


5 posted on 12/03/2009 8:33:06 PM PST by Sarajevo (You're jealous because the voices only talk to me.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

My old granny was very old, feeble, and with little brain power left, and she was sharper that these fools.
I really think that they are toast.


6 posted on 12/03/2009 8:34:08 PM PST by elpinta (Change: check. Hope: not so much.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

“There has been growing pressure from liberals in Congress for President Barack Obama to be more aggressive in tapping into Wall Street’s wealth to help finance Main Street job-creation programs.”

- Quit pussyfooting around and just do it. Take over wall street so the people will finally get up off their tufts and lock and load. Should have happened last year, imho.

The people still know what the true definition of fascism is.


7 posted on 12/03/2009 8:36:56 PM PST by Soothesayer9
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

She’s an idiot. All of them are flaming idiots.


8 posted on 12/03/2009 8:37:30 PM PST by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

“There has been growing pressure from liberals in Congress for President Barack Obama to be more aggressive in tapping into Wall Street’s wealth to help finance Main Street job-creation programs.”

Oh. Well as long as you’re just “tapping into Wall Street’s wealth” and not raising taxes for no good reason, then I guess it’s okay. After all, Wall Street fatcats have infinite money and deserve everything they get, right?

/liberal mindset


9 posted on 12/03/2009 8:37:59 PM PST by sthguard (The DNC theme song: "All You Need is Guv")
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer
"Does this ditz ever think about anything other than how to steal other people’s money?"

I don't think so. Too much Botox and Maoist theory. By the Nancy the Botox ain't working. You are still an ugly hag.

10 posted on 12/03/2009 8:39:59 PM PST by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Soothesayer9
"The people still know what the true definition of fascism is."

The problem is far to many don't.

11 posted on 12/03/2009 8:45:09 PM PST by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: NormsRevenge

Come on Nancy, Just admit it, you want to take all of everyone’s money away from them, and dole out daily an ounce of beans and an ounce of rice to the peasants who please you.

We needn’t discuss what you want for the ones who displease you.


12 posted on 12/03/2009 9:00:40 PM PST by LegendHasIt
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Private industry is strongly opposed to a financial transaction fee, but prominent economists have supported the idea as a way of creating a drag on short-term markets speculation and recouping some of the huge costs imposed on government by the collapse of financial giants last year.

And thus, all the wall street fraud gives birth to a united nations tax. If you dance to the music someone has to pay the band.

13 posted on 12/03/2009 9:08:14 PM PST by org.whodat
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Sure, great. Let’s destroy US capital markets. Let’s send the financial markets to London and Singapore. That’ll teach Wall Street.


14 posted on 12/03/2009 10:02:17 PM PST by Skepolitic
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
There has been growing pressure from liberals in Congress for President Barack Obama to be more aggressive in tapping into Wall Street’s wealth to help finance Main Street job-creation programs.”

These idiots will never understand that when you screw Wall Street, you have a good chance of screwing all of us.

15 posted on 12/03/2009 10:35:08 PM PST by freespirited (People talk about "too big to fail." Our government is too big to succeed. --Chris Chocola)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freespirited

Nancy Pelosi is rich because of “Wall Street”. The bitch needs to go home and stay home.


16 posted on 12/03/2009 10:42:02 PM PST by eyedigress
[ Post Reply | Private Reply | To 15 | View Replies]

One other point. All of you SF district dumbasses that keep voting her in are headed for a major fall.


17 posted on 12/03/2009 10:45:10 PM PST by eyedigress
[ Post Reply | Private Reply | To 16 | View Replies]

To: eyedigress

Excellent point. Same for DiFi and Babs.


18 posted on 12/03/2009 10:53:30 PM PST by freespirited (People talk about "too big to fail." Our government is too big to succeed. --Chris Chocola)
[ Post Reply | Private Reply | To 16 | View Replies]

[[Speaker Nancy Pelosi gave her strongest endorsement yet of a global financial transaction fee Thursday after raising the issue directly with Treasury Secretary Timothy Geithner in a conversation this week.]]

Just keep pushing Nancy- in perhaps another year, America will be completely socialized and ruined, then you ‘saviors fro mthe left’ can pop out of your little weasel holes, and save the day-

NEVER underestimate the ability of democrats to create a crisis out of a non issue (Marc Morano said soemthign liek that)


19 posted on 12/03/2009 11:09:31 PM PST by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CottShop

I am starting to think about moving from this country. It is hard to earn a living and becoming profitless to invest.


20 posted on 12/04/2009 5:08:56 AM PST by castlegreyskull
[ Post Reply | Private Reply | To 19 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson