Friday, October 22, 2010

Pelosi: GOP victory will make America a ‘plutocracy,’ ‘oligarchy’


By Sahil Kapur
Friday, October 22nd, 2010 -- 9:36 am

House Speaker Nancy Pelosi (D-CA) on Thursday said the United States would be ceded to plutocrats and oligarchs if Republicans win next month's election, referring to the flood of pro-GOP corporate election spending. 

"This election is also about our democracy," Pelosi said on MSNBC's "Countdown With Keith Olbermann." "If they win -- which I fully intend to stop them from doing -- but if they win, it would mean we are now a plutocracy and oligarchy."

"Whatever these few wealthy, secret, unlimited sources of money are can control our entire agenda," she said.
The first female speaker struck an unmistakably ominous tone about wealthy groups such as the Chamber of Commerce and Crossroads GPS spending a fortune bankrolling campaigns -- overwhelmingly for Republicans -- while concealing their sources of funding.

"It is essential and fundamental to our democracy that we not have it be a wholly owned subsidiary of these corporations, and as a part of the Chamber of Commerce," Pelosi said.

Posted by SuzyQ at 11:51 AM

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