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Posted on 12/14/2005 10:56:23 AM PST by ncountylee
WASHINGTON, Dec. 14 /U.S. Newswire/ -- House Democratic Leader Nancy Pelosi released the following statement today on the Commerce Department's announcement that the trade deficit increased 4 percent in October, to a record $69 billion. The trade deficit is running at an annual rate of $718 billion -- $100 billion more than last year -- putting the country on pace to reach an all-time high.
"Today's record trade deficit numbers are yet another sign that Republican economic policies are failing to meet the needs of the American people -- resulting in wages falling here at home, at a time when working families are facing skyrocketing gas prices at the pump and increasing costs of health care. In just a decade, our trade deficit with China alone has grown from $4 billion a year to more than $4 billion a week. At the same time, Republican economic policies have created huge budget deficits that are being financed by borrowing from our foreign competitors.
"Last week, President Bush touted how well the American economy is doing, displaying just how out of touch he is with middle-class Americans. Rising costs and stagnant wages are the economic reality facing most Americans, and the reality that President Bush and the Republican Congress continue to ignore. We need economic and trade policies that work for all Americans, not the Republicans plan to borrow more money from China to pay for even more tax breaks for the wealthy few.
"America can do better than irresponsible spending and trade policies that are jeopardizing our economic security and placing our economic future in the hands of foreign countries. That is why Democrats have created an Innovation Agenda to build a skilled workforce in science, engineering, and information technology, spur federal research and development, guarantee access to broadband technology, and achieve energy independence in 10 years through emerging technologies. Democrats are fighting for fair trade and fiscal responsibility to create new markets for U.S. goods and provide opportunities for America's working families, farmers, and small business owners."
Irresponsible spending? Pelosi thinks that she has credibility on Responsible Spending?
LOL LOL LOL!
Does she help Karl Rove for free? :D
Whatever San Fran Nan spent on her face was irresponsible spending.
Tee Hee..
LOL! And as a true Democrat, she did not earn her wealth
They hope now to attack Bush and the Republicans on Domestic Issues. Of course they will claim we are not spending enough on a host of issues. This will be the attack area from now to 2006 elections because nothing else will stick.
And she said this with a straight face, right?
Gee and just the other day there was an article posted on FR that personal wealth is the highest it's ever been in the United States.
And for anyone who wants to know what Pelosi really thinks about tax breaks, read "Do as I say". Although she's publicly said that she thinks wealthy Americans should have to pay more in taxes, she and her husband who are worth approx. $50M (minimum), have chosen to find tax loopholes that involve overseas incorporations of companies, etc., all to avoid paying taxes. They pay far less than most Americans in their income bracket.
Pelosi also endorses unions but when it comes to her personal corporations (a vineyard to name one), she and her husband use immigrant labor and none of her organizations are unionized.
They did a better job fixing up that pregnant lady who jumped out of a perfectly good airplane while attached to defective parachutes.
She's either too ignorant or too stupid--or both--to merit her salary and perks.
I looked to see if this was scrappleface.
You just can't tell if Democrats are kidding or not.
Let's see - I got a raise this year; I have a good job; my 401(K) is doing well; oh, wait, maybe I'm doing well because I don't sit on my can and wait for 'the gummint' to provide my next welfare check. Gee, Nancy, think there might be a wider world than San Francisco, owned and operated by the homeless??
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No, just a paralyzed one!
With that face, I don't think she has a choice...
I am not sure I would want to be in the position of having to convince Americans the the economy is not good. Its like Pelosi is screamin: "nevermind the low unemployment rate, nevermind the GDP, just focus on the bad stuff (that I am not even sure the significance of)."
While the trade deficit is an area of concern, it isn't something that your everyday American will care about (even though they should) so long as they have a job.
Sure.....botox!
And she said this with a straight face, right? - her face cannot do straight
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