Tuesday, March 8, 2011

Profiles in Stupidity: Congresswoman Nancy Pelosi

This is a new installment in our recurring feature. "Profiles in Stupidity" will highlight the dumbest politicians in America today.

Congressman Nancy Pelosi, D-CA,is an American politician who is the current Minority Leader of the United States House of Representatives. Pelosi served as the 60th Speaker of the United States House of Representatives from January 4, 2007 to January 3, 2011.

She was the first woman to hold the office and the highest-ranking female politician in American history.

A member of the Democratic Party, Pelosi has represented the 8th Congressional District of California, which consists of four-fifths of the City and County of San Francisco, since 1987. Pelosi is the first woman, the first Californian and first Italian-American to lead a major party in Congress. After the Democrats took control of the House in 2007 and increased their majority in 2009, Pelosi was elected Speaker of the House for the 110th and 111th sessions of Congress.

On November 17, 2010, Pelosi was elected as the Democratic Leader by House Democrats and therefore the Minority Leader in the Republican-controlled House for the 112th Congress.

Pelosi is one of the richest members of Congress, and as such has become the self appointed champion of the poor and disadvantaged.

Here are her thoughts on energy. On NBC’s “Meet the Press” on Sunday, the speaker twice seemed to suggest that natural gas – an energy source she favors – is not a fossil fuel.
'I believe in natural gas as a clean, cheap, alternative to fossil fuels... it is cheap, abundant and clean compared to fossil fuels." Aug 24, 2008
Obviously, Ms. Pelosi has no idea that natural gas is a fossil fuel.

And here is what she says about the need to pass a stimulus bill  on Fox News Sunday:
"Every week we don't pass a Stimulus package, 500 million Americans lose their jobs.'' Jan 18, 2009
Nancy claims that we lose 500 million American jobs each month we don't pass her $1 trillion pork barrel spending boondoggle.

Chris Wallace corrected her, stating she probably meant 500,000 jobs. Pelosi responded in her own defense, “It feels like 500 million.” 

Ms. Pelosi.Pelosi on providing benefits for illegal immigrants:
"We have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities."
and that we can fund these benefits by simply raising taxes, since these people are "Americans" too...
"Stock market profits taxes could go a long ways to guarantee these people the standard of living they would like to have as "Americans."
Nancy Pelosi truly has to be one of the most brain-dead politicians in Washington. You aren't going to believe what came out of her mouth yesterday during a speech she delivered for the National Association of Counties. She is talking about Congress passing health-care reform and she says ...
"But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy." Mar 9, 2010
Nancy Pelosi, on the prospect of Democrats winning back Congress
“The gavel of the speaker of the House is in the hands of special interests, and now it will be in the hands of America’s children.” Nov 8, 2008

Pelosi calls unemployment checks a "stimulus" that is a "double benefit" helping "those who lost their jobs" and at the same serves as a "job creator"

"Unemployment Checks Serve As Job Creator. because It injects demand into the economy."

She even tells us:

"It creates jobs faster than almost any other initiative you can name."


  1. Nancy Pelosi is a great American, and gives more to the people of America than any one else! Unlike most, she puts the "good" of the country above her self. Some in congress are there just to fill their own pockets.

    1. She is one of the top most corrupticians.

      In early 2008, Nancy Pelosi and her real estate developer husband, Paul, were given an opportunity to buy into a Visa IPO. It was a nearly impossible feat–one that average citizens almost certainly could never achieve. The vast majority of purchase opportunities went to institutional investors, large mutual funds, or pension funds.

      Pelosi received her Visa IPO almost two weeks after a potentially damaging piece of legislation for Visa, the Credit Card Fair Fee Act, had been introduced in the House. If passed, the bill would have cut into Visa’s profits substantially by lowering so-called “interchange fees,” the 1% to 3% charge retailers pay Visa when customers use Visa cards for purchases. Interchange fees are a critical source of revenue for the four credit card companies–$48 billion in 2008, to be exact.

      The Credit Card Fair Fee Act was exactly the kind of bill one would think then-Speaker Pelosi would have backed. “She had been outspoken about antitrust problems posed by insurance, oil, and pharmaceutical companies,” Schweizer notes, “and she was vocal about the need for controlling interest rates individual banks charged to use their credit cards.”

      By 2009, both bills had garnered even broader bipartisan support and were reintroduced. Under Speaker Pelosi, however, neither bill lived to see a vote on the House floor.

      Pelosi eventually supported something called the Credit Card Reform Act. Curiously, the all-important interchange fees went untouched by that legislation. Instead, the bill stated that the interchange fee issue should simply be “studied.” The bill’s other measures would not affect Visa but rather its client banks. In short, the Credit Card Reform Act ensured that Visa and the other credit card companies dodged a potentially costly bullet.

      None of that, however, prevented Pelosi from grandstanding. She publicly declared that the Credit Card Reform Act sent a “strong and clear message to credit card companies” that they would be held to account for their “anti-consumer practices.”

      In the wake of the bill’s passage, the Pelosis’ shares of Visa stock rose. Indeed, according to Throw Them All Out, “the IPO shares they had purchased soared by 203% from where they began, while the stock market as a whole was down 15% during the same period.”

      Nancy Pelosi is hardly the only member of Congress to be given IPOs, but Pelosi has been especially “lucky” at landing them. She and her husband have participated in at least 10 lucrative IPOs throughout her career. In 1993, Pelosi purchased IPO shares in a high-tech company named Gupta, watched the stock price leap 88% in 24 hours, then seized the profits by selling the stock the next day. The Pelosis did the same thing with Netscape and UUNet, resulting in a one-day doubling of their initial investment. Other fast and lucrative IPO flips included Remedy Corporation, Opal, Legato Systems, and Act Networks.

      Throw Them All Out also chronicles the Pelosis’ $100,000 IPO purchase of Clean Energy Fuels at roughly $12 a share. Schweizer alleges that as Speaker of the House, Pelosi pushed several bills beneficial to the company.

      Similarly, in November 2007, Pelosi bought $500,000 in the IPO for Quest Energy Partners before proceeding to champion the natural gas-related legislation that stood to significantly benefit the company. When Tom Brokaw asked her whether her significant personal investments in natural gas represented a conflict of interest, Pelosi shrugged off the question by hiding behind the crony capitalist’s false credo: “That’s the marketplace.”

  2. We need an article about "Anonymous" in the Profiles in Stupidity Series. Nancy Pelosi is, like Barack Obama, a far left liberal who is dragging the country down into the pits of economic hell. The sooner gone, the better.

  3. I think anonymous might want to take that back after this came out.


    Hindsight is 20/20

  4. Unfortunately, the majority of politicians are crooked, regardless of their position, whether Rep. or Dem. The problem is always there regardless of who "We the people" vote in and vote out. I am an independent voter. This time I will vote for the Republican party since Obama and his administration are indeed for the dividing of this country and for their own Financial gain...

  5. I am the real anonymous and I say there is not one person ok maybe a few that slither as close to the ground as nancy igot stock in botox pelosi