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December 18, 2021 | Pelosi Fleeing to Florida?

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Pelosi appears to be preparing to retire. Pelosi said in response to the infrastructure bill, “I just told members of my leadership that the reconciliation bill was a culmination of my service in Congress because it was about the children.” In Washington lingo, they call the “c” word the retirement hint. She has been pushing this Build Back Better bill and there are democrats rejecting this disaster.

Pelosi has been spotted looking at property in Naples Florida. It looks like she is going to retire but she is going to flee California herself for the taxes there are devastating and will only get far worse. The state has been bleeding the high-end taxpayers well beyond Elon Mush. Pelosi’s district, San Francisco, has increasingly devolved into crime, mass homelessness, and open drug use. Some of the city’s historical family residents have been fleeing in search of greener pastures in Texas and Florida. I find it to be the most hypocritical position to have Pelosi retire in Florida, an increasingly Republican state, which amounts to the ultimate example of a limousine/private jet liberals fleeing the consequences of their own policy preferences. She has spent a career bashing the rich but will retire with more than $100 million in assets fleeing to one of the 7 states with no income tax, strongest economy, and stores that are not the targets of wholesale gang shoplifting sanctioned by law.

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December 18th, 2021

Posted In: Armstrong Economics

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