Pelosi's Worst Congress Ever Is About To Plumb New Depths

From the Wall Street Journal (emphasis mine):

A new poll has found that most young Americans who went to the polls on November 4th, and presumably voted for Barack Obama, had no idea that the Democrats have run Congress the last two years. That's a good thing for House Speaker Nancy Pelosi, because her record is as bad as any new Speaker's in history.

Ms. Pelosi likes to thunder against "the failures of eight years of the Bush economic policies." The stock market has collapsed, she hisses, "because of a Republican philosophy of greed, deregulation, and tax cuts." But almost the entire decline in the economy has come since she picked up the Speaker's gavel. The stock market has decisively voted thumbs-down on the Pelosi paradigm, with the Dow falling from 12,157 in November 2006 to 8,600 today.

And it's not just the stock market that has imploded. Let's consider the gale of destruction since the Pelosi era began. The folks at Americans for Tax Reform helped me compile some of this unhappy economic data. The night of the Democratic landslide election of 2006, the net worth of the country was roughly $50 trillion. Now it's at least $6 trillion lower. For the massive 100-million-strong American investor class Pelosi-economics is looking like a boarded-up home in foreclosure. Nor have workers fared much better. Democrats promised jobs and pay raises, but the unemployment rate has climbed steadily from 4.5% to 6.7%. The misery index (inflation plus the unemployment rate) has nearly doubled during Ms. Pelosi's watch.

Two years ago Speaker Pelosi solemnly pledged a new ethic of fiscal responsibility if voters would empower her with the Speaker's gavel. Instead the federal budget deficit has soared from $165 billion in fiscal year 2007 to $486 billion in 2008 and could reach $1 trillion in 2009. Meanwhile, routine federal spending has risen by $400 billion in two years -- a figure that does not include the cost of the three federal banking bailouts, and counting. All of this can't be blamed solely on President Bush because it is Congress that has the power of the purse. Let's call them partners in fiscal crime.

"The bottom line," says Grover Norquist of Americans for Tax Reform, "is that Nancy Pelosi has been a disaster for workers and investors." In about two months, Democrats will have complete power in Washington and Ms. Pelosi won't be able to continue pinning the dismal record of failure on George W. Bush. But she will certainly try to.

For a humorous visual representation of this article go here.

This is one of those times where ignorance is killing America.  A pretty significant chunk of the voting public don't even know what party is in control of Congress (and, keep in mind, the yearly budget originates in the House, where Pelosi rules), but the media spin and constant accusations have established the perception that Bush is at fault.  As a result of this perception, the Democrats will now have almost complete control over the purse strings of American taxpayer dollars, and things are almost certain to get even worse.

This is the problem we can get when liberalism wins the day, especially with a completely non-objective media to push that liberal agenda.

Pelosi's Congress -- which she pledged would be not only the most ethical in history, but also a fiscally responsible one -- has been the worst ever, and has for months enjoyed historically low approval ratings that make Bush look downright popular.  Can't wait to see what she does with a veto-proof majority...

There's my two cents.