Thank You Democrats For Electing Nancy Pelosi As Minority Leader

Right about now the RNC, Republicans in the House, Senate and across the country are popping the champagne and toasting Democrats for electing Nancy Pelosi in as the minority leader for the 112th Congress, after she successfully presided over the worst loss for Democratic party in midterm elections in the last 70+ years.

CBS reports:

The 70-year-old Californian was opposed by Rep. Heath Shuler of North Carolina in her bid to become minority leader in the new Congress. Shuler argued that Pelosi needed to go after presiding over the loss of the chamber earlier this month.

"We've obviously come off the biggest loss that we've had for the Democratic party in almost a century," Shuler, a former professional football player, said yesterday. "And to go back and put the exact leadership into place is probably not the right thing for our party."

But Pelosi had little trouble repelling the challenge from Shuler, one of the relatively-conservative Blue Dog Democrats who saw their numbers decimated in the midterms. The vote was 150 for Pelosi to 43 for Shuler.

In a sign of Pelosi's strength, Democrats voted 129-68 to proceed to a vote today over objections from those who sought a delay in order to have more time to mount a viable challenge to Pelosi.

Considering Pelosi has been Speaker of the House since 2006 and latest reports show that under her leadership, despite economic hardships across the country, Congressional members personal wealth expanded exponentially, it only makes sense that they keep her (tongue in cheek folks!!).

OpenSecrets:

Despite a stubbornly sour national economy congressional members’ personal wealth collectively increased by more than 16 percent between 2008 and 2009, according to a new study by the Center for Responsive Politics of federal financial disclosures released earlier this year.

And while some members’ financial portfolios lost value, no need to bemoan most lawmakers’ financial lot: Nearly half of them -- 261 -- are millionaires, a slight increase from the previous year, the Center’s study finds. That compares to about 1 percent of Americans who lay claim to the same lofty fiscal status.

And of these congressional millionaires, 55 have an average calculated wealth in 2009 of $10 million or more, with eight in the $100 million-plus range.

PS Those names include Democratic and Republican members of Congress

From the bottom of my heart, I sincerely thank Democrats for giving the GOP the biggest gift since the midterm elections.

More at The Hill.

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