For those who are confused about how the mind of a politician works, we bring you Maria Bartiromo’s interview of House Speaker Nancy Pelosi on CNBC’s Closing Bell, October 21, 2009. Specifically, we’ll direct you to 3 minutes, 40 seconds in the video, where you’ll hear an example of doublespeak that would make George Orwell proud.
(Available for viewing below)
MARIA BARTIROMO: But- on the tax issue, allowing the Bush tax cuts to expire would essentially be tax increase.
House Speaker NANCY PELOSI: That wasn’t a tax increase. It is- it is- eliminating a tax- decrease that was there. It’s- it was controversial to begin with. It is- a boon to those who have had it for now. But I think that you will see that happen. So- and that is- that affects, what? The upper two percent of our population. What we’re trying to do is lower co- taxes for the middle class, relieve burdens- on business. So that we can be competitive in job creation. And I think you’ll see some interesting things emerge- from the conversations we’re having now.
I think we’ve seen some interesting things emerge up to this point, so I can only imagine the future conversations mandates that Congress and the Obama administration will be giving to the American people.
MARIA BARTIROMO: I’m just wondering if now is the appropriate time. I mean- now, given the fact that we are still in this fragile recovery. Would you rethink- allowing those tax cuts to expire, given that we are still pretty vulnerable, in terms of the economic recovery.
House Speaker NANCY PELOSI: I don’t think many people here see, nor do the American people see those tax cuts at the high end as being job-creating. They don’t- they think that that’s part of the reason we’re in the fiscal, the budgetary situation that we’re in, because those tax cuts cost money. And- they were- a cost to our budget, without any commensurate- impact on the economy for job creation. To return money- to the treasury. So, nobody sees those as a job-creator. And- and- the- the fact is, is we have to be acting in a fiscally sound way. And we can’t afford those taxes. We never could. Those tax cuts.
Ms. Pelosi, don’t you mean YOU and your friends in Congress and at CNBC don’t see these tax cuts as job creating? Let’s blame the tax cuts on our budgetary problems. Eliminating the Bush tax decreases Increasing taxes will certainly be all we need to do to cover those trillions of dollars you approved for socialist stimulus projects and banker bailouts. Forget about eliminating spending, because that would not be acting in a fiscally sound way and would make no sense whatsoever, right?
Watch the CNBC interview: