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 didnt 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 Streets 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 ...
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.
These liberals are totally insane.
Great idea, let’s tax all those dollars fleeing the USA!
Except before the tax goes in effect...
All hail Queen Pile-o-crap, the leader of the NWO............
/sarc
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.
“There has been growing pressure from liberals in Congress for President Barack Obama to be more aggressive in tapping into Wall Streets 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.
She’s an idiot. All of them are flaming idiots.
“There has been growing pressure from liberals in Congress for President Barack Obama to be more aggressive in tapping into Wall Streets 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
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.
The problem is far to many don't.
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.
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.
Sure, great. Let’s destroy US capital markets. Let’s send the financial markets to London and Singapore. That’ll teach Wall Street.
These idiots will never understand that when you screw Wall Street, you have a good chance of screwing all of us.
Nancy Pelosi is rich because of “Wall Street”. The bitch needs to go home and stay home.
One other point. All of you SF district dumbasses that keep voting her in are headed for a major fall.
Excellent point. Same for DiFi and Babs.
[[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)
I am starting to think about moving from this country. It is hard to earn a living and becoming profitless to invest.
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