Showing posts with label Speaker of the House. Show all posts
Showing posts with label Speaker of the House. Show all posts

Friday, July 29, 2022

Two Peas in a Pod: Nancy Pelosi and Mitch McConnell

Two of the most disliked members of the dishonorable elite are Representative Nancy Pelosi, a Democrat from San Francisco and Speaker of the House, and the Republican Senator from Kentucky, Mitch McConnell, the Senate Minority Leader.

Nancy Pelosi has been a member of House since 1987, and for much of her time in office, she has held one of the most powerful positions in Congress, Speaker of House (2007 - 2011 and 2019 - Present). She is also one of the wealthiest members of Congress, which is saying something given that Congress is the bastion of millionaires to begin with.

According to Open Secrets, Pelosi is the sixth wealthiest member of Congress. She has an estimated net worth of $135 million dollars. She makes $210,000 from her position in Congress. However, her monthly income from investments brings in $1 million dollars. It's worth noting that her portfolio includes investments in IBM, Johnson & Johnson, Exxon Mobil, Pfizer, Bank of America, and General Electric; all part of the ruling Corporatocracy which pulls Congress's purse strings.  

As an aside, Pelosi has been consistently one of the most disliked members of not just the House, but Congress of years. So how does she manage to keep getting reelected?  Pelosi's is from San Francisco's 12th District, which covers the entirely of the city itself, and thus is 100% urban; the fertile soil of the Democratic Party. The median income is just under $121,000.

Despite her strict Italian Catholic upbringing, Pelosi represents an extremely liberal district, reflecting its racial and cultural makeup. It is one of the so-called major "sanctuary" cities, offering support to illegal immigrants in violation of federal immigrations laws and still receiving federal dollars, thanks to people like Pelosi.  

Racially it's mainly white at 43.5%, followed by Asian with 31.9%, Hispanic 14.3%, black at 5.4%, and mixed race making up 3.9%. Males comprise 51.3% of population while females are 48.7%. With a population of 771,000, it has one of the highest LGBQT concentrations in the country.

 When it comes to voter registration, just under half of district's residents are either registered to vote (total voter registration is 425,290). With its well earned liberal tradition, it's not surprising the 12th District is overwhelmingly Democrat with 57.50% of the voters. Republicans make up just 6.61%, followed by Independents with 1.65%.  Pelosi won her last race in 2020 with a commanding 74% of the vote.

So, the only way Pelosi can lose is if a strong and very wealthy Democratic candidate runs against her, which is unlikely to happen (in addition, Pelosi is very good friends and neighbor with former San Francisco mayor and current senator, Diane Feinstein).

As for Mitch McConnell, he's been a member of what's been called "the most exclusive private club in the world" since 1985; representing Kentucky's 4th Congressional District, which includes upper incomes of eastern Jefferson County, and much of Northern Kentucky extending to the Ft. Thomas, Newport, and Covington (all of which are considered part of the Greater Cincinnati area).

Aside from the wealthy portions of Louisville/Jefferson County, the 4th Congressional District in general is well to do, especially the areas close to Cincinnati. It is also one of the first Congressional districts in Kentucky to become solidly Republican in what was once a hardcore Democrat state (albeit a fairly conservative one).

In terms of registration, the 4th Congressional District has 619,460 registered voters. Of that, 49.50%  are Republicans. Democrats make up 38.31%, while Independents and third parties (most notably the growing Libertarian Party) comprise a total of 12.19% of voters.  

It's worth nothing that Louisville/Jefferson County, which is Kentucky's largest city and the economic engine of the state, is one of the last Democratic bastions remaining in a de facto red state. While there are pockets of traditionally liberal Democrats (notably in the city's Highlands), most residents tend to lean conservative on the majority of issues.

Louisville also has the highest concentration of LGBQT individuals as well, who are known to be very politically active and predominately Democrat. Nevertheless, it appears that the 80 year old senator's base is pretty secure for the foreseeable future. As for his approval rating, that's something altogether different.

Like Rep. Nancy Pelosi, Senator Mitch McConnell is one of the most unpopular individuals in Congress. In a December 2021 Gallup Poll, McConnell came in first place (or should that be last place?) as the most disliked person in Congress with an approval rating of 34%. For what it's worth, Pelosi was second place with 40%. Chief Justice John Roberts was the most favorable with 60%, but that was, of course, before the Roe v. Wade decision.

Even at home, the Senator's disapproval rating hovers around a 53%, and yet despite the best efforts of Democrats, he keeps winning (when I say "best efforts", it's usually political retreads or inept newbies harping on the wrong message). Nationally, it gets worse. In a May 2022 survey, the Senior Senator's approval rating was a mere 28%.  To stay in office, despite poor approval ratings, takes a lot of money, and Senator McConnell easily makes bank. Who are his biggest donors?

The majority of McConnell's donations come from Wall Street, especially banks and other financial institutions, including healthcare and real estate investment firms. Other top donors include insurance, energy and technology companies which contributed $6.3 million dollars in 2020.

Some of the top donors include the financially powerful Blackstone Group, Humana, NorPac, and Kindred Health. One of the largest is Kent Companies, a third generation family owned construction company based in Midland Texas. It has donated $6.94 million dollars into McConnell's war chest.

Other donors include BlueCross/Blue Shield, AT&T, Goldman Sachs, UPS, Brown-Foreman, Citigroup, General Electric, Peabody Energy, FedEx, and  JP Morgan and Chase. With all those "political investors" in Mitch McConnell, just how much money does he have in his war chest?

When combined with the Senate Leadership Fund (a super PAC), One Nation (a political nonprofit fund), McConnell controls just under $90 million dollars (or $87.5 million to be precise) as of January 2022.  In 2021, he raised a total of $100 million dollars which he used, in part, to help fellow Republicans in Congress with their re-election efforts. Is it any wonder the Kentucky senator so strongly supported Citizens United?

As for the senator himself, he's done alright personally. According to an article by Forbes, Mitch McConnell earns $200,000 annually as senator. With investments, his monthly income is $900,000. His Wall Street investments exceed approximately $25 million dollars in stocks and bonds. Overall, his net worth is around $150 million dollars, making him the 19th richest member of Congress.

Irrespective of their popularity ratings, Pelosi and McConnell have done quite well in politics. The same can be said for Congress in general where more than half were millionaires going in and practically all are coming out. Compare that to just 8% of the total population who are millionaires, and you'll have to agree that Congress doesn't even begin to represent most Americans. They have little or no concept what the average American goes through on a daily basis just to make ends meet. That's mostly thanks to Citizens United.

That fact that these individuals who make up the House of Representatives and Senate can have a reelection percentage of over 90% despite sustained dismal approval ratings under 30%  is due to partisan gerrymandering and (again) Citizens United, not to mention unregulated term limits which allows them to hold office practically forever no matter how poor their performance. Isn't it time for a change?

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Justice Roberts Tops Federal Leaders in American Approval


Nancy Pelosi Net Worth 2022: Salary Stock Portfolio Wealth


Favorability of Mitch McConnell among U.S. adults, as of May2022


McConnell-aligned groups build $87.5m war chest to spend onwinning Senate majority


Congressional Stagnation in the United States


Saturday, January 04, 2020

Meet Nancy Pelosi : The Bane of Conservatives and Darling of Liberals Everywhere


Mention the name of "Nancy Pelosi" to someone and watch their reaction. Typically you'll get one of two responses. The first might be a smile and sense of pride. Here's someone in Washington who has stood up to Donald Trump and Mitch McConnell; a real fighter for the common folk. The other reaction might be something between an attempt to repress a involuntary urge to hurl or a sneer and sarcastic grunt. There's not too much leeway in between.

Regardless of your opinion of her, she is without question one of the most powerful people in Washington irrespective of gender. She is the first female Speaker of the House (and second in the line of succession to the presidency behind the Vice President), and one of the longest serving Speakers of the modern era.

Nancy Pelosi tries to portray herself as a "defender of the common people"; someone who enjoys rubbing elbows with the "unwashed masses". She would have the American Public believe that she's no different from them; a political outsider and someone removed from the stench of corruption rising out of the cesspool that is Washington. But just how true is that portrayal of her? Is she really "one of us" or is that merely a carefully crafted persona; a mask which she wears when the lights and cameras are on? Who is the real Nancy Pelosi?

Nancy Patricia D'Alesandro was born in Baltimore, Maryland on March 26, 1940 to Thomas D'Alesandro and Annunciato M. "Nancy" Lombardi. His family came from Genoa, Venice and Abruzzo in southeastern Italy. Her mother's family was from Campobasso in south central Italy. When she came into this world, her father was the Democratic Congressman from Maryland, representing its 3rd district. He held that position from 1939 until 1947 (before getting into politics he was an insurance and real estate broker). From 1947 until 1959, Thomas was the Mayor of Baltimore (his son, Tom D'Alesandro III served as Mayor of Baltimore from 1967 to 1971). Young Nancy started out managing her father's book of who owed him political favors.

In 1961 Thomas was appointed by President Kennedy to the Federal Renegotiation Board (the board was created under President Truman as a government "watchdog" against exorbitant profits taken by government contractors. Its role was to review and renegotiate government contracts if it was deemed that the contractor's profits were excessive). He served in that role until 1969 (the board was dissolved in 1979). Thomas died in 1987. As for her mother, "Big Nancy" as she was then known, was active in politics behind the scenes, often organizing Democratic women's groups and known to be tough.

Nancy graduated from the Institute of Notre Dame, which is a private all-girl Catholic school. Like Bill Clinton, Nancy was infatuated with President Kennedy and even attended his inauguration in January 1961. In 1962 she graduated from Trinity Washington College, a Catholic college in Washington DC, with a BA in Political Science. At the same time she interned for Senator Daniel Brewster (D-MD). Brewster, who was elected in 1963, was the first Democrat to hold that seat since 1946; he previously served as a Congressman. She also worked alongside future House Majority Leader, Steny Hoyer (D-MD).

It was while attending college that Nancy met her future husband, Paul Frank Pelosi. They were married in 1963 (they would go on to have five children). About this time, Nancy and her new husband moved to San Francisco where Paul's brother, Ron, a successful businessman was elected to the City and County of San Francisco Board of Supervisors. Nancy began working with Phillip Burton (D-CA), the 5th District Congressman. Burton was an active opponent of the Vietnam War, worked to abolish the House Un-American Activities Committee", supported Bobby Kennedy's presidential run in 1968 and was closely tied with organized labor. He was a key advocate for funding AIDS research. However, it was his role in reforming existing House rules which earned him the designation as the "Father of the Modern Congress". Nancy was certainly cutting her political teeth with the right people at the right time.

In 1976, Nancy was elected to the Democratic National Committee (which she held until 1996). In 1977 she was elected as party chair for Northern California. In 1981, she was elected to chair the California Democratic Party; a position she retained for two years. She served as the Democratic National Convention Host in 1984, and then as the Democratic Senatorial Campaign finance chair from 1985 until the following year. By this time, Nancy was a seasoned pro at the state level and was quickly learning the ropes at the national level.

Her mentor, Phillip Burton, died in 1983. The seat was filled by his wife, Sala Burton. However, she became ill and did not seek reelection. As a result, Nancy was designated as the heir apparent. She won the special election in 1987 and has held the seat ever since. Nancy's committee assignments were impressive right off the bat, serving on the Appropriations and Intelligence committees and on the Baltic States Caucus. In 1991, she became a founding member of the Congressional Progressive Caucus (CPC), an unabashed Left leaning issues group whose aim is to promote liberal policies.

In 2001, she was elected to the House Minority Whip, the first woman to hold that position. In 2002, following the resignation of Dick Gephardt (D-MO), she was elected as House Minority leader, again the first woman to hold that key position.

In 2007, Pelosi was elected to Speaker of the House, once more establishing a Congressional "first". She held that powerful position until 2011 when the Republicans won a majority of the seats in the House. In 2008, she was elected as the Permanent Chairperson of the 2008 Democratic National Committee. After the GOP takeover of the House, Nancy resumed her position as House Minority leader. However, this was to be short lived. During the 2018 midterm elections, the Democrats were able to retake the House and in November, she was reelected to a second term as Speaker of the House which she continues to hold.

Pelosi is known her stances as a supporter of LGBTQ issues, marijuana reform and legalized medical marijuana (although NORML's deputy director, Paul Armentano, has said that Pelosi hasn't done anything to make that happen), and the removal of Confederate statues and memorials nationwide. She also opposes "enhanced" interrogation including waterboarding, supports amnesty for illegal immigrants and opposes any steps to secure the US-Mexican border. She is pro-choice and a strong advocate of "Obamacare". She has also voted against efforts to establish a Single Payer healthcare program (a replacement for Obamacare) while supporting increases in Medicare and Medicaid.

In addition, Pelosi is strong advocate of increased gun control laws including expanded background checks, restrictions on so-called "assault rifles" (she received a zero rating by the Gun Owners of America and a 7% rating by the NRA). She has said that climate change is the planet's greatest threat and has supported efforts to curtail offshore drilling and restrict the development of protected areas including national parks, forests, and wildlife refuges.

Nancy supported the 2002 "No Child Left Behind Act" and opposes the displaying of the Ten Commandments in public schools or buildings. She also opposes school prayer or saying the Pledge of Allegiance. She voted against the Balance Budget Proposed Constitutional Amendment Act of 1995 but supported increasing minimum wage in 2007. She also opposed the welfare reform proposals of both President Clinton and President George W Bush. Nancy was also against the tax reform bill signed by President Trump in 2017.

Of particular note is that Pelosi is a supporter of "PRISM", a NSA run program designed to gather information on Americans via the internet and other forms of electronic communication (without bothering with a warrant I might add). The program began in 2007 as an offshoot of the "Patriot Act" under President George W. Bush and extended by President Obama. It is currently administered by the secret U.S. Foreign Intelligence Surveillance Court (FISA) which was famously exposed by Edward Snowden.

Nancy Pelosi has had the benefit of coming from a strongly entrenched politically family. She has used her family connections to her obvious benefit, which has enabled her to rise to the highest levels in politics; hardly the moniker of an "outsider". The district she represents, California's 12th Congressional, which includes most of the Bay Area and about 4/5 of Greater San Francisco, is considered the "safest" district in America for Democrats with a 80% Democrat registration. So, while Pelosi has completed 17 terms in Congress, it's likely that she'll be able to hold on to that seat for as long as she wants it.

Finally, we come (as always) to the money. Nancy Pelosi is listed as the 29th wealthiest member of Congress with a net worth of $120 million dollars as of 2018 (her government salary is $223,500 dollars a year). Not too shabby Nancy, but far from being one of "common people". By comparison, her nemesis in the Senate, Mitch McConnell (R-KY) has a net worth of "just" $30 million. It's worth noting that Pelosi's biggest campaign donors come from Wall Street, Big Phama, the real estate industry (mostly commercial developers) and some very wealthy individuals. Not sounding particularly "blue collar" to me, how about to you?

As an aside, in researching information for this article I came across a telling letter written and signed by many of these super wealthy individuals and heads of some very powerful corporation which stated in effect that any attempt to remove Pelosi from her position as Speaker of the House would have serious consequences. These same individuals and corporations also give generously to the Democratic National Committee (DNC) and they are closely connected with others who also give big.

The letter, directed to the DNC and key leaders in both the House and Senate, stated that they like the way Nancy does her job and the access as well as the support that she provides them. Thus, any attempt to oust her would result in a major reduction in the amount of financial support they give to the DNC as well as to Democratic candidates direct. In short, do as we want or we'll cut you off. So, here we have concrete proof of the power and clout of the ruling Oligarchy on full display. They have, in effect, selected the third most powerful political position in the U.S. No doubt something similar has been done on the Senate side and directed to the RNC as well. I'm sure their desires for other matters have been made clear as well. This is Senator Mitch McConnell's definition of "free speech" at full throat.

So, there you have it. Everything you wanted to know about the bane of conservatives everywhere. Perhaps though you can see why those on the Left particularly idolize her. She is a highly experienced political operative with an ability to get things done. However, she is not, by any stretch of the imagination, "one of the people". She is the quintessential political insider. She is part of the top 5% wealthiest in the United States and there is no doubt that Nancy Pelosi is part of the patrician class.


Nancy Pelosi

Nancy Pelosi's Net Worth


List of current members of the United States Congress by wealth

OpenSecrets: Nancy Pelosi--California 12th District

Nancy Pelosi Victory Fund and the Wealthy Donors Who Own the Democratic Party

'Naive and self-destructive': Big Democratic donors back Nancy Pelosi and warn that funding will be cut in half if she's pushed out