Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Air Pelosi

August 21, 2009 By E.J. Smith - Your Survival Guy

You would think the Speaker of the House would know better. Before departing for August recess, Nancy Pelosi and members of her House voted for eight well-appointed jets, tucked within a $636-billion bill to fund the Department of Defense’s upcoming fiscal year. The Department of Defense, which manages 24 or so planes used by government officials, requested to buy only one Gulfstream and three 737s to supplement the fleet.

While Americans suffer through the worst recession of their lives, the House doubled what was advised and opted for three crème de la crème Gulfstream Vs at $66 million apiece and five military versions of the Boeing 737, equipped with office and private sleeping quarters, at $70 million apiece, for a grand total of $550 million.

Pentagon Press Secretary Geoff Morrell commented that the Department of Defense didn’t request the additional planes and doesn’t need them. “We ask for what we need and only what we need. We’ve always frowned upon earmarks and additives that are above and beyond what we ask for,” The WSJ reports Morrell as saying.

Judicial Watch uncovered the Pentagon’s response to Ms. Pelosi’s numerous Gulfstream V scheduling requests earlier this year. A Department of Defense e-mail asks, “Any chance of politely querying [Pelosi’s team] if they really intend to do all of these or are they just picking every weekend?…[T]here’s no need to block every weekend ‘just in case.'”

An e-mail from a member of Pelosi’s staff to the Pentagon reads, “It is my understanding there are no [Gulfstream] 5’s available for the House during the Memorial Day recess. This is totally unacceptable…The speaker will want to know where the planes are.” Upon learning on a separate occasion that an aircraft would not be available, the same Pelosi aide responded, “This is not good news, and we will have some very disappointed folks, as well as a very upset Speaker.”

The House voted to kill the F-22 fighter jet program, citing cost as the central issue, and attacked executives at GM, Chrysler, and Citigroup about the message their private jet travel sends. The issue has never been about money for the F-22; it is about c-o-n-t-r-o-l, and the private jets are exactly what Congress has envied.

The battle is on between the public and the private sectors. The out-of-control trajectory of government spending, which amounts to 24% of GDP and counting must be stopped. And for the sake of this country, I hope it’s not too late.

If you’re like me, you don’t like what you’re seeing. I’m in the trenches daily for people like you, picking through this mess to understand the issues and to help you make informed decisions. Don’t be fooled by your government.

Notice the change in Ms. Pelosi after she was called out and the additional Gulfstream orders were cancelled: “The speaker is extraordinarily appreciative of the Department of Defense’s efforts to accommodate requests from Congress,” said a spokesman for Pelosi. I should hope so, Madame Speaker.

 

E.J. Smith is Managing Director of Richard C. Young & Co., Ltd. an investment advisory firm managing portfolios for investors with over $1,000,000 in investable assets.

 

Related Posts

  • Boehner Slams Pelosi
  • Nancy Pelosi's Ethics Promises 2006
  • Let’s Eliminate Air Travel
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Job Market Survival Advice for Graduates and for Those YOU Love - May 20, 2022
  • BUY THE DIPS? Can You Catch a Ginsu Knife? - May 19, 2022
  • PRIMARIES: Trump Endorsed Candidates’ HUGE Night - May 18, 2022

Dick Young’s Must Reads

  • BEYOND RUSSIA: America Strengthens India Ties to Counter China
  • What’s the Best Survival Currency?
  • “I’ve Got Guys Buying Guns/Ammo for Me All Through the Night.”
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • Soros’s Open Society Foundation, Charles Koch Team Up
  • You Need to Seek Some Shelter for When Things Get Ugly
  • The Three Best Retirement Decisions I Ever Made
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • You’ve Read The Last Issue of Intelligence Report, Now What?

Our Most Popular Posts

  • Tucker Carlson Interviews My Favorite Florida Farmer
  • What’s Ahead for America During Biden’s Last Years
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • “We Cannot Save Ukraine by Dooming the US Economy.”
  • Baby Formula Gone Missing?
  • BE VIGILANT: The Rats Are Scurrying in These Rough Markets
  • PRICES SOAR: Diesel Shortage Could Cripple America's Economy
  • Biden: A National Disgrace
  • WATCHING YOU: Italy Deploys Stealth Social Credit System
  • BUSTED BUDGETS: Families Can't Afford Democrats' Anti-Energy Regulations

Disclosure

RSS Youngresearch.com

  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil
  • “I’ve Been with Richard Young for Over 30 Years Now”
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP
  • HORDING CASH: Funds Hold the Highest Level of Cash Since 9/11
  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?
  • Young Americans Fall in Love with Farming, Again
  • Your Survival Guy: “Sell in May, Buy After Labor Day?”

Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue?

Jean-Pierre: Economy “Not Something that We Keep an Eye on Every Day”

Job Market Survival Advice for Graduates and for Those YOU Love

The Destructive Rise and Fall of BLM

What Would We Do without the Experts?

V4 Stands Against North African and Middle Eastern Invasion

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives