Nancy Pelosi of California has to be one of the most ridiculous cartoon characters we have in American politics. Seriously. The current leadership in the White House has both made concrete moves and cheerleaded the nation to regaining prosperity, and San Fran Nan is tossing turds in the national celebration’s punchbowl.
First, she says that when the Democrats resume control they will raise taxes.
Then black unemployment being the lowest in decades is not a reason to celebrate.
According to her, bonuses of up to one thousand dollars are “crumbs.”
And then she tweets about consumer confidence:
Pelosi’s latest Twitter sensation came amidst her weekly press conference, at which she scorned the improving jobs situation. Here’s a direct quote: “(P)eople say, ‘Oh my goodness, … people are saying the unemployment rate is down, why isn’t my purchasing power increasing? So, this isn’t just about the unemployment rate, it’s about wages rising in our country, so that consumer confidence is restored.”
According to all the latest numbers, consumer confidence is doing fine on its own.
Unhappily for Nancy, but happily for the U.S., consumer confidence doesn’t need “restoring” – it is actually booming. The Conference Board reported just this week that its Consumer Confidence Index rose 2.4 points in May, and reached its highest reading in more than 17 years. Lynn Franco, the Conference Board’s Director of Economic Indicators, said in a press release, “Overall, confidence levels remain at historically strong levels and should continue to support solid consumer spending in the near-term.” Take that, Nancy!
The Conference Board survey echoes other such measures, all of which point towards continued growth and nearly all of which moved sharply higher after Donald Trump was elected president. In December 2016, the confidence index rose to 113.7, the highest level since July 2007, beating expectations by a wide margin.
Well, yeah, 2007-2016 was when the Democrats were in power and while that was going on, Americans watched their spending for a number of reasons one of which was that they didn’t have as much disposable income due to income taxes being hiked.
Really, Nancy Pelosi has been in office how long and she doesn’t get this?
Well, don’t tell her. She’s the gift that keeps on giving for the Republican Party. And she just won her primary, too.