“Socialism only works in two places: Heaven where they don’t need it and hell where they already have it.” ― Ronald Reagan

CNSNews.com reports that

House Speaker Nancy Pelosi (D.-Calif.) announced today (12/30/2020) that she has created a new congressional committee—inspired by President Franklin D. Roosevelt—that is designed “to study and combat the concentration of wealth in America and its role in triggering economic collapse.”

“As House Speaker, I am proud to announce the creation of the new, bipartisan Select Committee on Economic Disparity and Fairness in Growth, which will be an essential force in Congressional Democrats’ action to combat the crisis of income and wealth disparity in America,” Pelosi said.

“It is molded after the mission of the Temporary National Economic Committee, founded by President Roosevelt and the Congress after the Great Depression to study and combat the concentration of wealth in America and its role in triggering economic collapse,” she said.

“As President Roosevelt said before founding this Committee, ‘The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself… the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living,’” she said.

“The past several decades have shown with devastating clarity the marked imbalance between the financial fortunes of CEOs and workers,” Pelosi said.

Here is the full text of Pelosi’s statement about the creation of this new committee:

Nancy Pelosi: “As House Speaker, I am proud to announce the creation of the new, bipartisan Select Committee on Economic Disparity and Fairness in Growth, which will be an essential force in Congressional Democrats’ action to combat the crisis of income and wealth disparity in America. It is molded after the mission of the Temporary National Economic Committee, founded by President Roosevelt and the Congress after the Great Depression to study and combat the concentration of wealth in America and its role in triggering economic collapse.

“As President Roosevelt said before founding this Committee, ‘The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself… the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living.’

“The past several decades have shown with devastating clarity the marked imbalance between the financial fortunes of CEOs and workers. The reverence of those who amass profits by stagnating wages has seriously undermined the lives and livelihoods of many Americans, while slowing economic growth in our country. This year, the disturbing, dangerous trend of economic disparity has also been accelerated by the coronavirus economic crisis.

“The devaluing of work has had a negative impact on consumer confidence, job creation and economic growth. And the situation of families no longer believing that their children will have a brighter future than they is seriously damaging and demoralizing to our society.

“That is why we are creating this Select Committee, which will be a resource to the Congress to make policy related to economic fairness, access to education and workforce development. Working with the Committees of Jurisdiction, the Select Committee will study and recommend proposals to make our economy work for everyone, powering American economic growth while ensuring that no one is left out or left behind in the 21st Century Economy.”

“Economic Fairness”

Now, where have I heard something like that before?

Oh, yeah.

From each according to his abilities to each according to his needs – Karl Marx,”Critique of the Gotha Programme”, 1875

Several years ago, Steve Kroft interviewed her for 60 minutes. Investors.com reported…

Why, he asked, had she and her husband participated in “a very large” initial public offering “from Visa at a time when there was major legislation affecting credit-card companies making its way through the House?”

The legislation in question, a bill introduced by then-Judiciary Committee Chairman John Conyers in March 2008, would have let merchants negotiate lower swipe fees with credit card companies.

The bill made it out of committee on Oct. 3, 2008, but never to the floor for a vote. A version of the swipe-fee bill made it into an amendment by Sen. Dick Durbin, D-Ill., to the Dodd-Frank bill in 2010.

As the bill was proceeding, Pelosi’s husband, Paul, a wealthy San Francisco investor of the type the Occupy Wall Street mobs have targeted, bought $1 million to $5million of Visa stock in three separate transactions in a part of the IPO that “60 Minutes” said was offered to a select group of investors.

Interestingly, the wealthy Pelosi has voiced support for the OWS mobs, calling them a genuine and spontaneous movement protesting the very financial wheeling and dealing that the great unwashed feel has victimized them. She gained the speaker’s gavel in 2006 while railing against an alleged GOP “culture of corruption.”

Pelosi is also a big fan of green energy. So is her brother-in-law, Ronald Pelosi, a senior executive with a company called Pacific Corporate Group.

Among PCG’s investments is SolarReserve, based in Santa Monica, Calif., which received a $737 million loan guarantee to build a 110-megawatt solar-thermal plant in Tonopah, Nev.

The loan was granted on the last day of the stimulus loan program, which also gave over half a billion to a failing but politically connected Solyndra.

While speaker, Pelosi was famous for her use of government aircraft to ferry back and forth from her San Francisco district.

According to documents obtained by Judicial Watch, Air Pelosi, as critics called the fleet, cost the taxpayers $28,210.51 per flight.

Her fondness for Boeing aircraft does not extend to supporting Boeing’s plan to create badly needed jobs in the right-to-work state of South Carolina.

As we have noted, she says if the plant is nonunion, the National Labor Relations Board should shut the project down.

Pelosi doesn’t live in a glass house.  She lives in a glass mansion…with a big wall around it.

As you may know, the Politboro, was the huge Central Government in control of the Marxist Soviet Union. They were the reason that the Soviet Union eventually went belly up.

They become rich while the Proletariat (the working class) remained poor and subservient to the Politburo.

As I showed earlier, “Economic Fairness” is just another pseudonym for Marxism/Socialism/Communism.

The problem with Marxist Theory remains that it is just a theory. It has never worked anywhere it has been tried…not even in Red China, a country which is becoming more capitalistic every day.

The reason for the failure of Marxism can not only just be found in the history of the Soviet Union. The Congressional members of the Far Left Democratic Party who are “living the good life” on their “business junkets” and in their mansions with a room-size ice cream freezer like Speaker Pelosi are providing a prime example of why Marxism always fails.

The Politburo get richer and the “Proletariat” continue to suffer due to unchecked political power gained through greed and hypocrisy.

With Her announcement of this new “Congressional Committee”, Pelosi and her fellow House Dems could not have sent out a plainer message if they had placed a Facebook Ad.

Like those whom they have modeled their political ideology after, this “New Politboro” cares about keeping and growing their political influence and wealth. They simply do not care who has to suffer in order for them to make a political point. Everything which they accused President Trump in front of the television news cameras of for the past four years has been a deflection to hide their own unbridled lust for power and their hypocrisy.

And, as we have seen since the 2020 Presidential Election, especially in the last couple of weeks, Senate Majority Leader Mitch McConnell and the Vichy Republicans possess the same set of priorities as the Democrats.

And to think…Nero just fiddled.

Until He Comes,

KJ