LIBERAL !!!!! nanci pelosi

[hunterman67]

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 and 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 tax payers 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"."

I AM PROUD TO BE WHITE !!!!!
M WAITE, AZ.

 

[jhibbs]

How does someone that ignorant ever get elected. I hope that the American people see what her and most of her cronies are all about by the next election. Not all Dem's are bad, but people with that kind of thinking have no place in running our government. The item pasted below really spells out the way a lot of liberals think.

Jody

This is GOOD reading!

TAX CUTS AND DRINKING BEER WITH "SOME OF MY FRIENDS"!!!

Sometimes politicians, journalists and others exclaim; "It's just a tax cut for the rich!"

It is just accepted to be fact, without questioning. But, what does that really mean?

Just in case you are not completely clear on this issue, the following might help.

Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1. The sixth would pay $3.
The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve.

"Since you are all such good customers," he said, I'm going to reduce the cost of your daily beer by $20. "Drinks for the ten now cost just $80." The group still wanted to pay their bill the way we pay our taxes so. The first four men were unaffected. They would still drink for free. But What about the other six men - the paying customers?

How could they divide the $20 windfall so that everyone would get his 'fair share?'They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33% savings).
The seventh now pay $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free.

But once outside the restaurant, the men began to compare their savings.

"I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man," but he got $10!" "Yeah, that's right,"exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!" "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, and liberals, is how our tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, PhD
Professor of Economics
University of Georgia