Pelosi stretches the truth
By Old Grumpy Guy on February 5, 2009 at 11:31 AM in Congress (House & Senate), Current Affairs, Democracy, Depression, Economic Stimulus, Economy, Humor, Nancy Pelosi
Did you see what Nancy Pelosi had to say about the dire job situation in America? In case you didn’t catch it, she said that 500 million Americans lose their jobs every month that the economic downturn lasts.
That means the country has lost at least 2 billion jobs since the recession began. Even allowing for those who work two, three or even four jobs, it means that not only are there no jobs left in America, but that we now have minus a billion jobs that were not there in the first place.
This is scary stuff.
It is not only scary to have such a huge shortfall in the job market – amounting in effect to more than six no-jobs for every man, woman and child in America – it is even scarier that someone with Nancy’s loose grasp of economic reality (or at least a loose grasp on her tongue) should be one of the most influential people in Congress.
Of course this is not the first time that Pelosi has exaggerated slightly. She helped to scupper the first economic rescue package (though some, including me, may say that is not a bad thing) by making absurdly partisan claims that it was the economic policies of George Bush that were solely to blame for the crisis, whereas it was Congress (led by Pelosi and helped by Barney Frank) that blocked reforms of Freddy Mac, Fanny Mae and the legislature that allowed the whole sub prime mortgage fiasco to happen in the first place.
I am pretty sure it will not be her last exaggeration. I wonder what her next one will be. Of course there was her recent promise that no rescue package would be passed that contained any pork. Did I hear someone say something about pigs flying?






















