Nancy Pelosi Blames Wall Street For High Gas Prices
When she gets a new idea (undoubtedly generated by someone else) she clings to it - bitterly.
"Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike.
"We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws.
"We call on the Republican leadership to act on behalf of American consumers and join our efforts to crack down on speculators who care more about their profits than the price at the pump even if these spikes harm the American consumer and our economy."
This woman is absolutely breathtaking in her stupidity.
posted by Michael at
6:53 AM
2 Comments:
It was a little misleading for Chris Edwards to edit Pelosi's statement without informing the reader.
her complete statement below
“Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike. In fact, U.S. oil production is at its highest level since 2003, and millions of acres have been cleared for additional development.
“We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws. They have also repeatedly opposed our efforts to end billions of dollars in outdated taxpayer subsidies for oil companies enjoying record profits.
“We support efforts by the Obama Administration to expand domestic energy resources, including natural gas and renewable sources like wind and solar that create jobs in America and will end our dangerous dependence on foreign energy supplies. This can be achieved because today, the United States currently has more oil and gas rigs at work than the rest of the world combined, and imports of foreign oil have decreased.
“We call on the Republican leadership to act on behalf of American consumers and join our efforts to crack down on speculators who care more about their profits than the price at the pump even if these spikes harm the American consumer and our economy.”
I'd say that he did her a favor by shortening her statement. The more she says, the dumber she sounds. Wind and solar subsidies have neither created jobs nor contributed to reducing energy prices. In fact, both have increased prices.
It's also very easy rail against oil company subsidies, but why is it that Democrats never specifically identify what these subsidies are. The reason is that they don't actually exist. It's revealing that he Democrats never bring these "subsidies" up for a vote when they have control of congress and the presidency. For the first two years of the Obama presidency, Democrats could ram through anything they wanted. These imaginary subsidies only come up when Republicans control at least one house of Congress or the presidency.
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