Pelosi Made Millions in Overseas Investments in 2011
President Obama and the Democratic National Committee have been savage against Mitt Romney over his foreign investments, but apparently have forgotten to mention Former House Speaker Nancy Pelosi.
According to her 2011 financial disclosure statement (required for politicians) she made between one to five million dollars through a group called Matthews International Capitol Management LLC, a group that deals heavily in development and investment in Asian-based companies. The MICM group, according to it’s website, also heavily pushes the advantages of outsourcing. This comes on the heels of recent revelations that Debbie Wasserman-Schultz, the Florida Congresswoman and Chair of the DNC, has invested significant amounts of money in overseas ventures as well.
Now, there is nothing wrong with an American investing their money in foreign ventures. As Mark Levin pointed out Tuesday on his show heard 3-6 p.m. live on Newstalk 870, such people should be praised for helping to create jobs and growth in other businesses — even if in other countries. The sticking point here is Romney is being attacked over foreign investments while Democratic leaders who invested (and made) even MORE money from these ventures are considered OK.
Another big difference between Romney’s investments and Pelosi’s is that his were with a company that does not regularly market or push for outsourcing of jobs to other countries. As the Daily Caller put it, “Designed in California, Made in Manila” sounds like the former House Speaker’s investment strategy. Just another example of hypocracy on the left.