Wednesday, October 20, 2010--The Rocky Mount Telegram
By a vote of 210 to 209, the U.S. House of Representatives upheld Nancy Pelosi’s decision to do absolutely nothing about the staggering tax increases that are scheduled to go into effect on New Year’s Day.
This political posturing is devastating for any hope of economic recovery and affects everyone.
Every person whose employer or union sponsors a pension plan involving financial investments stands to take a loss from such inaction.
Why would a pension administrator consider buying stocks, a businessman invest his money in expansion and new employees or a bank invest its money? No one knows what the new ground rules will be.
U.S. Rep. G.K. Butterfield was so concerned about this matter that he didn’t bother to show up for the vote. Exactly what are we paying him $174,000 a year for?
With an election in the offing, he wants to foist himself off as an independent fence sitter. In fact, his voting record proves that he and his boss Nancy Pelosi are joined at the hip.
On a positive note, the congressional adjournment will give Mr. Butterfield an opportunity to schedule a series of town hall meetings before the November elections to help us understand why he deserves re-election.
Alan Church
Washington, N.C.
http://www.rockymounttelegram.com/node/155055
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