Pelosi on $3.4 trillion budget: “A statement of our national values”

By Michelle Malkin  •  April 29, 2009 01:54 PM

Our new “national values:” Reckless spending, massive government expansion, and the continued saddling of future generations with untold debt.

Plundering is patriotic!

The House of Representatives passed a $3.44 trillion budget resolution for fiscal year 2010 Wednesday, approving most of President Obama’s key spending priorities and setting the federal government in a new direction with major increases for energy, education and health care programs.
The House on Wednesday approved a budget resolution measure by a vote of 233 to 193.

The House on Wednesday approved a budget resolution measure by a vote of 233 to 193.

The resolution, which was approved by a vote of 233 to 193, passed in a virtual party-line vote. All but 17 House Democrats supported it, and no House Republicans voted in favor…

… “Today, for the first time in many, many years, we have a president’s budget … that is a statement of our national values,” House Speaker Nancy Pelosi, D-California, said during the final debate on the House floor.

“What is important to us as a nation is reflected in this budget. It’s a very happy day for our country.”

Posted in: Nancy Pelosi, Politics

See what others have said

Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.

Trackbacks

  1. Pelosi Urges Republicans To Rise Up! Challenges tea parties? « Peace and Freedom Promises
  2. So Much For Obama’s Economic Predictions… | NEOAVATARA
  3. Got Tea? Round 2 - Tea Party Day July 4th! Update: Obama takes shot at tea parties « Jim Blazsik
  4. Yeah. Socialism. : Pursuing Holiness
  5. House Approves $3.4 Trillion Budget, Pelosi Says “Its a Very Happy Day!” | The Great Illuminator
  6. House approves $3.44 trillion budget resolution - Nancy Pelosi calls this: “a statement of our national values, | Fire Andrea Mitchell!
  7. In Celebration of the First 144,000 Minutes.... - XDTalk Forums - Your HS2000/SA-XD Information Source!
  8. MUT’s California Tea Parties, Flu News, and More | The American Freedom Network
  9. nine percent nancy's moist, mumbling approval of a $3.4 TRILLION budget
  10. 4/29-PCW Extreme Political TV: Al Franken, Nancy Pelosi Gloat About Barbed Wire Win and Arlen Specter « Political Championship Wrestling
  11. Obama’s -ISM - The “I Won” Drink of Chumpions « Designated Conservative

Trackback URL

Comments


  1. #101
    On April 29th, 2009 at 3:17 pm, right_on said:

    The resolution, which was approved by a vote of 233 to 193, passed in a virtual party-line vote. All but 17 House Democrats supported it, and no House Republicans voted in favor…

    So, by liberal standards and definition, there was a bi-partisan effort to defeat the budget resolution? Woo-hoo! (Finger swirling in the air!)

    If you haven’t started to document everything that is currently happening, do so now. The Mark of the Beast (The Democrat Party) is on everything passed since January 20th. Let’s just see who will benefit from this government generosity.

    Documented proof will be hard to spin come election time. There will be NO conservatives to blame for the coming fiascoes.

  2. #102
    On April 29th, 2009 at 3:19 pm, expat said:

    RSS,

    Move to a blue state, like MI, and tell me how much better off you are. Or maybe NY, NJ or MD?

  3. #103
    On April 29th, 2009 at 3:19 pm, spaceycakes said:

    Didn’t Larry Sinclair say that Obama smoked crack in the limo?

    during or after the fellate?

  4. #104
    On April 29th, 2009 at 3:19 pm, spaceycakes said:

    Didn’t Larry Sinclair say that Obama smoked crack in the limo?

    during or after the fellate?

  5. #105
    On April 29th, 2009 at 3:19 pm, Red State Skeptic said:

    It’s been proven that Hoover’s tax on the rich and Smoot-Hawley Protectionism made the Depression as bad as it was, so here we are about to repeat the mistake.

    I love how conservatives love to say “it’s been proven” with no facts to back it up. “It’s been proven” almost always means “someone smart told me and I choose to believe it because it fits my ideology.”

    Before the stock market crash, under Hoover, the top tax rate was cut from 73% to 24%, and then in 1932 Congress raised the top rate back up to 63%. So if you really want to make a strict causation analysis, the economy got much worse with low taxes, and then started getting better after taxes went back through the roof. Of course it wasn’t high taxes that helped us get out of the Depression, but the wise spending the revenue they generated.

    I agree about the tarriff. Fortunately, no one is suggesting implementing tarriffs right now.

  6. #106
    On April 29th, 2009 at 3:19 pm, right_on said:

    Red State Skeptic: You still haven’t told us where your lord and master will get all this money from.

    Like his ideas, concepts, and leadership, The One will pull it out of his a$$…

  7. #107
    On April 29th, 2009 at 3:20 pm, ITookTheRedPill said:

    On April 29th, 2009 at 2:56 pm, MarcoPolo said:

    +1

  8. #108
    On April 29th, 2009 at 3:20 pm, right4life said:

    Move to a blue state, like MI, and tell me how much better off you are. Or maybe NY, NJ or MD?

    detroit…coming soon to a country near you..

  9. #109
    On April 29th, 2009 at 3:20 pm, spaceycakes said:

    Now there was no call to do that twice.

    My apologies.

  10. #110
    On April 29th, 2009 at 3:20 pm, Ragspierre said:

    Move to a blue state, like MI, and tell me how much better off you are. Or maybe NY, NJ or MD?

    Or Junk-Bond-Land…

    formerly known as California

  11. #111
    On April 29th, 2009 at 3:21 pm, behiker said:

    no House Republicans voted in favor

    Thank goodness!

  12. #112
    On April 29th, 2009 at 3:22 pm, Red State Skeptic said:

    Stimulus will increase GDP as it did in the 1930’s.

    That is a demonstrable lie.

    If it’s demonstrable, then demonstrate it.

  13. #113
    On April 29th, 2009 at 3:22 pm, right4life said:

    but the wise spending the revenue they generated.

    ‘the wise’ you really are an idiot. you think the government KNOWS better than we do how to spend our own money…you’re a stooge, bet you have a nice starched brown shirt on..

  14. #114
    On April 29th, 2009 at 3:22 pm, sonofdy said:

    Red State Skeptic: Where is this money coming from again?

  15. #115
    On April 29th, 2009 at 3:23 pm, right4life said:

    On April 29th, 2009 at 3:22 pm, Red State Skeptic said:

    so the words of roosevelt’s OWN treasury secretary not enough?? I know, just ignore what you cannot deal with..

  16. #116
    On April 29th, 2009 at 3:23 pm, torabora said:

    #57

    It feels like 1861, doesn’t it.

    This isn’t a road I want to go down, but I will if that is what it takes to save America from DemocRATS AGAIN!!!!!

    This time we have to make it a crime to be a DemocRAT after it’s over.

  17. #117
    On April 29th, 2009 at 3:24 pm, expat said:

    On April 29th, 2009 at 3:12 pm, spaceycakes said: #90

    Stop it! I can’t afford a new key board with bambi stimulating the economy!

    ROFLMAO

  18. #118
    On April 29th, 2009 at 3:24 pm, Red State Skeptic said:

    Red State Skeptic: You still haven’t told us where your lord and master will get all this money from.

    Sure I did.

  19. #119
    On April 29th, 2009 at 3:24 pm, Ragspierre said:

    Trying to show a doctrinaire idiot proof of a rational construct by resort to economic law, history, current events, etc….

    is tantamount to trying to explain geometry to a horse.

  20. #120
    On April 29th, 2009 at 3:25 pm, right4life said:

    On April 29th, 2009 at 3:24 pm, Red State Skeptic said:

    you think your own quotes are authoratative…ROFL…

  21. #121
    On April 29th, 2009 at 3:26 pm, maisy said:

    I watched the hearing on this on C-span Monday nite…….Judd Gregg and Hensarling pleaded for them to curtail the out of control spending. Kent Conrad then chastised them for their deficits during the last eight years……
    Somebody tell me how they can justify COMPOUNDING the spending in the stratosphere by criticizing Republican spending? I called Conrads office…and asked the aid….Where is the logic in their spending far more than the previous administration? And don’t they realize that this was one of the reasons Republicans were turned out!!!
    The aid sounded like he “got It’…even if his boss did not…….The idiocy of these crooks is astounding.

  22. #122
    On April 29th, 2009 at 3:26 pm, sonofdy said:

    It feels like 1861, doesn’t it.

    I really really really really hope not.

    Those are the roads you go down if you NEED to. But if it comes to that, you can could on a vast majority of the us military. Yes this has been discussed. We talked about it in BNCOC. Yes I kept out of it because you never know who is CID.

  23. #123
    On April 29th, 2009 at 3:26 pm, hunter said:

    On April 29th, 2009 at 3:25 pm, right4life said:

    Exactly!

  24. #124
    On April 29th, 2009 at 3:28 pm, bjc said:

    *At least some of the Blue Dog Dems voted the right way; They can see this train wreck a coming; The national debt becomes unsustainable with the passage of this bill, and the Dems own it outright.
    *If I’m the GOP, I’m running some new faces up against some Dems in certain districts on the fact that they have been voting San Francisco values like Nazi Pelosi, and certainly anything but national values; Will play well in most of the country.

  25. #125
    On April 29th, 2009 at 3:28 pm, expat said:

    On April 29th, 2009 at 3:24 pm, Ragspierre said:#117

    You do a disservice to horses. Horses can be trained meaning that they are capable of learning.

  26. #126
    On April 29th, 2009 at 3:28 pm, Ragspierre said:

    Those are the roads you go down if you NEED to. But if it comes to that, you can could on a vast majority of the us military. Yes this has been discussed. We talked about it in BNCOC. Yes I kept out of it because you never know who is CID.

    Civil disobedience is a powerful, moral tool, and it must be tried.

    STARVE THE BEAST

  27. #127
    On April 29th, 2009 at 3:30 pm, sonofdy said:

    Red State Skeptic: NOOOO you are missing the point. I will re-phrase. HOW are we going to get the 1.3 trillion dollars to cover the shortfall from income? Not how do you plan to pay off the defict.
    You see, the PROJECTED increase in GDP will have to pay off borrowed money.

  28. #128
    On April 29th, 2009 at 3:30 pm, corona said:

    Trolls: do not read

    For those who don’t yet know the facts, the results of the UCLA study on the causes of the Great Depression are public.

  29. #129
    On April 29th, 2009 at 3:32 pm, Ragspierre said:

    You see, the PROJECTED increase in GDP will have to pay off borrowed money.

    And that projection is an acknowledged, documented…

    LIE. I will be MUCH larger.

  30. #131
    On April 29th, 2009 at 3:32 pm, sonofdy said:

    Civil disobedience is a powerful, moral tool, and it must be tried.

    STARVE THE BEAST

    Agreed. I hope it never comes to the other option. EVER.

  31. #132
    On April 29th, 2009 at 3:32 pm, Flyoverman said:

    On April 29th, 2009 at 3:24 pm, Red State Skeptic said:

    Red State Skeptic: You still haven’t told us where your lord and master will get all this money from.

    Sure I did.

    If that’s your plan than the second coming of FDR had better pray for a conventionally fought WW III, because that’s the only way your plan is going to happen.

    P.S. The “Stimulus Plan” in my congressional district, as trumpeted by my Democrat rep, is the planned purchase of five new replacement city buses at a cost of 1.65 million.

    How that stimulates the local econmomy is a mystery, but……..

  32. #133
    On April 29th, 2009 at 3:34 pm, sonofdy said:

    LIE. I will be MUCH larger.

    Yeah I know, it always is.

    But if we can’t find the money to cover this shortfall, the bigger one will not matter that much. Unless they start printing money. Is that the plan RSS????

  33. #134
    On April 29th, 2009 at 3:36 pm, Ragspierre said:

    How that stimulates the local econmomy is a mystery known fallacy, but……

    we know empirically how the “stimulus” will harm our economy, destroy wealth, and endanger our nation.

  34. #135
    On April 29th, 2009 at 3:36 pm, sonofdy said:

    The best way to get ready for a 1861 senerio is to plan and train for it and do everything humanly possiable to avoid it.

  35. #136
    On April 29th, 2009 at 3:37 pm, Southpaw said:

    I love how conservatives love to say “it’s been proven” with no facts to back it up.

    -This budget and its deficit is 100% owned by Democrats. Not a single Republican voted for it.

    -George Bush is retired in Texas.

    “Its been proven.”

  36. #137
    On April 29th, 2009 at 3:38 pm, Ragspierre said:

    Must

    remove

    fingers

    from

    keyboard.

    Work
    to
    do..

  37. #138
    On April 29th, 2009 at 3:38 pm, Elm Creek Smith said:

    The economy in the US didn’t recover until we started tooling up for WW2.

    Are the Democrats projecting a World War, sales of War Bonds, putting millions to work building a decent-sized, and properly equipped Army, Navy, Marine Corps, and Air Force?

    Didn’t think so.

    ECS

  38. #139
    On April 29th, 2009 at 3:42 pm, right_on said:

    detroit…coming soon to a country near you..

    The nickname for Detroit is Motown. I used to think it meant “Motor Town,” but I guess I was wrong…it actually means

    Mo money (needed for support)
    Mo school drop outs (Ebonics works)
    Mo illiteracy (93%, or so)
    Mo unemployment
    Mo crime (no money, no ‘bling’)
    Mo Democrats (birds of a feather…)
    Mo abortions (sex education in schools)
    Mo demagoguery (it’s no my fault)
    Mo fo (what you are called if yo’ white)
    and,
    Mo Hammad (the coming religion of choice)

    Humph…..

  39. #140
    On April 29th, 2009 at 3:42 pm, Red State Skeptic said:

    so the words of roosevelt’s OWN treasury secretary not enough?? I know, just ignore what you cannot deal with..

    Please, try to back up your point of view with facts, rather than “if he said it, it must be true.”

    The stock market collapse and subsequent rise in unemployment in 1938 followed Congress balancing the budget.

  40. #141
    On April 29th, 2009 at 3:42 pm, Sanddog said:

    On April 29th, 2009 at 3:22 pm, Red State Skeptic said:

    If it’s demonstrable, then demonstrate it.

    Just out of curiosity, do you own your own business and employ people? I’m just wondering because what you read in a book doesn’t always match what happens in real life and I will tell you with all certainty that this stimulus will hurt American businesses. Anytime money is taken from the private sector and funneled into the government WE lose.

  41. #143
    On April 29th, 2009 at 3:44 pm, right4life said:

    Please, try to back up your point of view with facts, rather than “if he said it, it must be true.”

    I quote Roosevelt’s own secretary of treasury…you quote YOURSELF…you really are a legend in your own mind…
    :roll:

    The stock market collapse and subsequent rise in unemployment in 1938 followed Congress balancing the budget.

    so what year did roosevelt CURE the depression??? get a clue, he didn’t

  42. #144
    On April 29th, 2009 at 3:45 pm, sonofdy said:

    The stock market collapse and subsequent rise in unemployment in 1938 followed Congress balancing the budget.

    Under this logic, clinton caused the 2001 crash in the stock market.

    Thanks for clearing that up.

  43. #145
    On April 29th, 2009 at 3:45 pm, Red State Skeptic said:

    On April 29th, 2009 at 3:24 pm, Ragspierre said:
    Trying to show a doctrinaire idiot proof of a rational construct by resort to economic law, history, current events, etc….

    is tantamount to trying to explain geometry to a horse.

    Got it. You don’t know.

    Since I’m the only person here citing facts and numbers, I gotta call it a day. Have a good one.

  44. #146
    On April 29th, 2009 at 3:45 pm, right4life said:

    roosevelt’s BEST year was 1937…14.18 percent unemployment…yeah that guvmint spendin really works!! :roll:

  45. #147
    On April 29th, 2009 at 3:47 pm, right4life said:

    Since I’m the only person here citing facts and numbers, I gotta call it a day. Have a good one.

    you cite yourself..you really are a nut-job….no surprise there

  46. #148
    On April 29th, 2009 at 3:48 pm, sonofdy said:

    So Red State Skeptic runs off not actualy backing anything he says up.

    huh.

    There is going to be alot of that for a few years I think.

  47. #149
    On April 29th, 2009 at 3:50 pm, Ragspierre said:

    The stock market collapse and subsequent rise in unemployment in 1938 followed Congress balancing the budget.

    Demonstrating the fallacy of attempting to “reason” from disjunction.

    1 + purple = road apples

    A business may fail, despite having a “balanced” budget.

    A business may thrive with a level of debt that it can service. It may, in fact, be necessary for a given business at a given time.

    A business will fail if its debt becomes unserviceable.

    Debt is not good or bad.

    The level of debt compared to the capacity to repay it is determinative.

    For the horses reading this…

    business debt is analogous to a national deficit.

    Duh…

  48. #150
    On April 29th, 2009 at 3:51 pm, hunter said:

    On April 29th, 2009 at 3:45 pm, Red State Skeptic said:

    The only thing you have cited is yourself. You have given no resources for any of your numbers, whereas myself and others have cited written reports proving you wrong, did you bother to read any of them?

  49. #151
    On April 29th, 2009 at 3:53 pm, hunter said:

    did you bother to read any of them?

    Sorry about the end of that last post everyone, I lost my head.

  50. #152
    On April 29th, 2009 at 3:53 pm, DagneyT said:

    “What is important to us as a nation is reflected in this budget. It’s a very happy day for our country.”

    Is this woman delusional or just plain damn crazy? The only people who are happy are lefty politicians seeing their fondest dreams come true!

  51. #153
    On April 29th, 2009 at 3:55 pm, sonofdy said:

    Ragspierre: You may be talking above his level. I’ll translate

    Yo, if you can’t pay the intrest on my money I loaned you, I’ll send bubba over to break your knees. DDDuudddeee.

    Or something like that anyway. Me not be hip. But me english gooder…

    ;-)

  52. #154
    On April 29th, 2009 at 3:57 pm, Ragspierre said:

    QUESTION:

    “Is this woman delusional or just plain damn crazy?”

    ANSWER:

    “The only people who are happy are lefty politicians seeing their fondest dreams come true!”

    All that needs be said…

  53. #155
    On April 29th, 2009 at 3:59 pm, sonofdy said:

    QUESTION:

    “Is this woman delusional or just plain damn crazy?”

    ANSWER:

    Yes.

    apologies to ragspierre

  54. #156
    On April 29th, 2009 at 4:00 pm, tarpon said:

    Shouldn’t that be Democrat National values, Democrat and bankrupt.

    I sure didn’t see many Republicans flocking to the Democrat’s spend our way to prosperity totem.

  55. #157
    On April 29th, 2009 at 4:00 pm, happyscrapper said:

    I’m sorry, but Pelosi is the stupidest woman on the planet. She truly is. She looks stupid, she acts stupid, she thinks stupid and she talks stupid. You don’t get any stupider than Nancy Pelosi. Have I made myself clear?

  56. #158
    On April 29th, 2009 at 4:01 pm, Ragspierre said:

    I thought I’d frame that whole…

    well, we had deficits before, and you guys didn’t have a problem…

    or

    …we had balanced budgets, and we still got the Depression…

    BS in correct economic terms everyone (who is not a horse) can see.

  57. #159
    On April 29th, 2009 at 4:03 pm, sonofdy said:

    Ragspierre: Think 6th grade level.

    maybe 5th grade. ;-)

  58. #160
    On April 29th, 2009 at 4:04 pm, spaceycakes said:

    I think she has had some collateral implications of botox on the sulci of the frontal lobe.

    She is relying heavily on the cerebellum, and it is apparently suffering from the pressure.

  59. #161
    On April 29th, 2009 at 4:04 pm, MarcoPolo said:

    RSS said: Since I’m the only person here citing facts and numbers, I gotta call it a day. Have a good one.

    Well, in all fairness, quoting yourself doesn’t count. Several of us supplied links that contained facts and numbers actually written by experts.

    Here’s another fact: In 1921 there was a stock market crash that resulted in a recession as severe as the one we experienced in 1929. The President let the failures fail, and he cut taxes to stimulate the economy. As a result, we recovered in about 2 years.

    Markets cycle. Trying to negate that process only leads to sharper drops and longer recoveries.

  60. #162
    On April 29th, 2009 at 4:06 pm, rplatt said:

    No Nancy, this is a statement of our national stupidity that is engineered and guided by mindless leftist dolts like you.

  61. #164
    On April 29th, 2009 at 4:11 pm, Paul Revere said:

    Dear Nancy Pelosi,

    Your values do not reflect mine. I hate you. I really mean that. If I get the chance, someday, I will spit on your grave with rapturous glee. Burn in Hell.

    Paul Revere

  62. #165
    On April 29th, 2009 at 4:14 pm, Living in the PSRK said:

    And, why yes, I do believe that Larry Sinclair made those sorts of statements
    regarding D’ohbama and Crack.

    On April 29th, 2009 at 3:20 pm, spaceycakes said:
    Now there was no call to do that twice.

    My apologies.

    Willy-Jeff would strongly disagree.

  63. #166
    On April 29th, 2009 at 4:14 pm, cheapseat said:

    RSS; if the federal irs tax records are to be believed, then 50% of our citizens are tax welfare slugs who don’t pay for roads, who don’t pay for military, who don’t pay for the electric grid, etc because they don’t pay taxes, except fica (a bankrupt federal trust account for morons retirement), medicare (a bankrupt gubmint medical insurance program for those too stupid to prepare for old age) and medicaid (a bankrupt gubmint medical insurance program designed to care for those too stupid to prepare or life). so while your complaining about the rich getting tax cuts, and wealth redistribution being the great formula for world peace, why is it every communist banana republic needs a patron to keep it afloat after it has distributed all it’s weath to it’s morons. gee, the obama mama living in her car in fla. was given a home to live in, and she is once again back on the street. how did that happen? how did cuba fail when every other caribean island got in on the yankee dollar tourist trade? how can both russia and venezuela fail when they have oil as a prop? Could it be that the poor of the u.s. are just too stupid to succeed. they won’t get an education even when it’s free. they won’t wait until they are married and educated with a home to start a family. they won’t prioritize their spending to allow them to save and pay their bills on time. is this the group that you are betting your families future on making that redistributed wealth enough to generate 3.5t dollars of taxes. these are the same people who have been passing on their welfare status to their offspring for 40 years. new orleans has the lowest unemployment in the nation now, because they unloaded all their welfare slugs after katrina. hmmm. maybe detroit needs a hurricane.

  64. #167
    On April 29th, 2009 at 4:16 pm, Living in the PSRK said:

    Isn’t there a mindless cabinet post to which D’ohbama can appoint Nazi Pelousy?

    Then, to, can the PSRK build a 200 foot high fence to keep out the riff-raff. We will also need SAMs to shoot her down if she tries to hijack any aircraft.
    /sarc off

  65. #169
    On April 29th, 2009 at 4:18 pm, Living in the PSRK said:

    Ah shoot, I think BHO needs a host of mind’less cabinet posts so we can get rid of Boxer, Feinstein, and all the nitwits in Sacramento.

    Doesn’t he need a Terminator, too?

    *T blindly groaps for extra strength headache medicine and chews all*

  66. #170
    On April 29th, 2009 at 4:34 pm, Leatherneck said:

    She is a stinking nut. Also, a great example of what is wrong with this country.

    Are there any illegal aliens on her vineyard today? Perhaps, they are all at the hospital getting free health care from the American tax payer.

  67. #172
    On April 29th, 2009 at 4:38 pm, tiredofit08 said:

    On April 29th, 2009 at 3:19 pm, right_on said:

    Red State Skeptic: You still haven’t told us where your lord and master will get all this money from.

    Like his ideas, concepts, and leadership, The One will pull it out of his a$$…

    no he’ll pull it out of our butts….

  68. #173
    On April 29th, 2009 at 4:46 pm, FruNobulux said:

    I agree they should just drop all pretense of a budget, and be honest about their intentions: “We’re going to spend as much as we can, as fast as we can, and we’re not going to insult your intelligence playing this little game of trying to justify it. We’ve got a lot of people we’re going to make rich at your expense, and guess what, you’re not one of them.”

  69. #175
    On April 29th, 2009 at 4:54 pm, RedDog said:

    Crazy Eyes Pelosi. I’d sure like to see her take control of the Oval Office. She would really be a terror then.

  70. #176
    On April 29th, 2009 at 4:57 pm, Bruce said:

    Nancy should speak for herself and for the perverted people who keep her in office. The budget reflects Democrat values, NOT American values.

  71. #178
    On April 29th, 2009 at 5:18 pm, sonofdy said:

    no he’ll pull it out of our butts….

    Then he is going to need one of those long gloves they use for cows, a good solid bullet for me to bite down on, and a crap load of lube because I don’t have that much.

  72. #179
    On April 29th, 2009 at 6:16 pm, Issac Bickerstaff said:

    Just a comment on the length of the Great Depression. I have always wondered why it is conventional wisdom that the Depression ended with WW2. During the war , the nation’s economy was so weak, it had to ration food! That is a recovery? Sure, unemployment was low, but many millions of men were out of the workforce in the military. So the conventional wisdom should be that huge government spending will lead to food rationing.

  73. #180
    On April 29th, 2009 at 6:19 pm, AlohaGuy said:

    I love how conservatives love to say “it’s been proven” with no facts to back it up.

    Of course it wasn’t high taxes that helped us get out of the Depression, but the wise spending the revenue they generated.

    “Proven” is a strong word, but if I say FDR made the Depression last longer according to some economists, I would need some justification right?

    Here’s a link to a UCLA study…

  74. #181
    On April 29th, 2009 at 6:41 pm, Ragspierre said:

    It may be over-broad to say that FDR was the reason the Depression was so GREAT.

    His policies certainly contributed, we know.

    But it would be absolutely correct to say that BIG GOVERNMENT INTERVENTION IN MARKETS AND THE ECONOMY was the cause.

    We had prior depressions that were nothing like the horror that the Great Depression came to be.

    Since then, the central government had ballooned, and taken on vast new powers.

    One HUGE factor was the inexplicable action of the Federal Reserve in SHRINKING the money supply by between 25 and 33%.

    Little wonder that, following the Feds’ action, FDR’s second (I think) inaugural noted that 25% of the nation’s labor force was out of work, and 25% of US factories idle.

    For an excellent discussion, see Milton & Rose Friedman’s Free To Choose.

  75. #182
    On April 29th, 2009 at 6:59 pm, SeniorD said:

    … “Today, for the first time in many, many years, we have a president’s budget … that is a statement of our national values,” House Speaker Nancy Pelosi, D-California, said during the final debate on the House floor.

    “What is important to us as a nation is reflected in this budget. It’s a very happy day for our country.”

    She speaks to the homosexuals, atheists, Socialists, and assorted Marxists in ‘her’ country.

    Come on down to Texas, Nancy, we’ll be REAL glad show you our values

  76. #183
    On April 29th, 2009 at 7:04 pm, flmom said:

    Come on down to Texas, Nancy, we’ll be REAL glad show you our values

    Heh, can I watch?

  77. #184
    On April 29th, 2009 at 7:09 pm, Ragspierre said:

    Heh, can I watch?

    Shoot, I have a spare pitchfork I’ll lend you…

  78. #185
    On April 29th, 2009 at 7:59 pm, MarcoPolo said:

    On April 29th, 2009 at 3:38 pm, Elm Creek Smith said:

    The economy in the US didn’t recover until we started tooling up for WW2.

    And we certainly don’t have nearly the same manufacturing base now that we did then.

  79. #186
    On April 29th, 2009 at 8:50 pm, flmom said:

    Shoot, I have a spare pitchfork I’ll lend you…

    Well I’ve just got back from a softball game, will a bat do?

  80. #187
    On April 29th, 2009 at 9:49 pm, emjem24 said:

    Red State Skeptic said:
    The only way to pay off our national debt is increased GDP. Stimulus will increase GDP as it did in the 1930’s.

    That’s it.

    Ummmm… not too sure how you think that GDP in a good year is not only going to pay off the national debt but the unsustainable social spending not included in the debt.

    You cannot possible think that the GDP is going to account for the debt. Not even in a good year. A combination of both taxes and borrowing from China will be seen as the only solution for the Dems.

    Please open up an economics textbook- I don’t think you know what you’re talking about.

    Oh, and- here’s the kicker, could you please cite one economist who thinks that GDP will pay for all the profligate spending.

  81. #188
    On April 29th, 2009 at 9:53 pm, emjem24 said:

    Red State Skeptic said:

    I’m here to help.

    Learn to help yourself…. you and other blood-sucking leaches like you already are- to other people’s money.

    Puleeze- you do not matter as another liberal poster has told me. It’s your party who’s exacting this economic devastation on the country. The Republicans opened the door for them. You can now own the failed policies and their unintended results.

  82. #189
    On April 29th, 2009 at 10:25 pm, Ragspierre said:

    Well I’ve just got back from a softball game, will a bat do?

    Excellent choice…!!!

    A bat for a bat. Poetic justice!

  83. #190
    On April 29th, 2009 at 11:50 pm, jangar said:

    … “Today, for the first time in many, many years, we have a president’s budget … that is a statement of our national values,” House Speaker Nancy Pelosi, D-California, said during the final debate on the House floor.

    “What is important to us as a nation is reflected in this budget. It’s a very happy day for our country.”

    I hope I see the day that someone comes along and publicly rubs this woman’s nose in this pile she loves so much.

  84. #192
    On April 30th, 2009 at 10:34 am, maisy said:

    I dunno why everyone is so worried..
    doncha know that Nancy has $$money coming out of her ass !!!

  85. #193
    On April 30th, 2009 at 1:12 pm, Laree said:

    They as in all these so called public servants, need a check up from the neck up. Where can I get my pitchfork tines’ sharpened?

  86. #195
    On April 30th, 2009 at 9:52 pm, Papa Louie said:

    “we have a president’s budget … that is a statement of our national values.”

    “Buy now, pay later” is what sums up the President’s budget. So, I guess that’s now the nation’s new motto. It’s a “statement of our national values.” Never mind that it’s what got us into this mess in the first place.

    I expect that “Buy now, pay later” will replace “In God we trust” when the mint puts Obama on their new $1,000,000,000 bill.

  87. #196
    On May 3rd, 2009 at 1:33 pm, Purple Avenger said:

    HOW are we going to get the 1.3 trillion dollars to cover the shortfall from income?

    Retain Robert Mugabe as a treasury policy consultant. The man, literally, knows how to make money

You must be logged in to post a comment.

Attention, NYC: White House still stuck on stupid

February 8, 2010 12:06 PM by Michelle Malkin

32 Comments | 5 Trackbacks

Is the fix in? NY guv resignation rumors swirl

February 8, 2010 11:06 AM by Michelle Malkin

32 Comments | 2 Trackbacks

The door is this way…

Colorado Springs Derangement Syndrome

February 8, 2010 10:09 AM by Michelle Malkin

47 Comments | 2 Trackbacks

Shady Dem drops out of Illinois lieutenant guv bid

February 7, 2010 09:51 PM by Michelle Malkin

34 Comments | 3 Trackbacks

Baaaaaaad: Worst campaign ad ever

February 4, 2010 11:37 AM by Michelle Malkin

57 Comments | 6 Trackbacks

Speaking of “echo chambers”

February 4, 2010 10:28 AM by Michelle Malkin

91 Comments | 6 Trackbacks

Seating Scott Brown

February 3, 2010 02:37 PM by Michelle Malkin

55 Comments | 6 Trackbacks


Categories: Nancy Pelosi, Politics



Follow me on Twitter Follow me on Facebook