What difference does the Speaker make?
Nancy Pelosi took over as House Speaker on January 3, 2007. Most people I think took that as no big deal. Just another politician with a big title. However, I think people need to consider who runs our country a little better and the impact they have. For instance, from the period of one year before Nancy took over, the Dow Jones went from 10,847 to 12,463, a 15% increase. Since she’s been in charge of submitting budgets that fund the government’s activities all over the country, the Dow has gone from 12,474 to 12,099, a 3% DECREASE. The unemployment rate has gone from 4.3% to 5.0%. Nothing seems to be getting any better right now.
Now, people are blaming Bush, but that’s BS. Congress submits the budgets, not the President. The President can submit them to Congress for consideration, but it’s up to the Speaker to place it on the floor for consideration, if they choose to.
I’ll make this perfectly clear, the financial situation in this country lies more with the Speaker of the House than the President. And so far, this Speaker has failed in that capacity turning a growing econmy into fears of a recession in twelve months.
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In Losses, that is. A while back I did a little piece:
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That's what Nancy Pel...
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