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‘Lighten Up!’: Pelosi ‘Pretty Confident’ China Not Overtaking U.S. Economy

PLUS: An MSNBC anchor tells PJM that “a good night for the Democrats is losing 5 seats" in the Senate.

by
Nicholas Ballasy

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May 6, 2014 - 2:21 pm
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WASHINGTON — House Minority Leader Nancy Pelosi (D-Calif.) dismissed a recent report that said China would overtake the U.S. as the world’s leading economy sooner than anticipated.

Pelosi was asked if Americans should be concerned about the International Comparison Program report, which compared the real cost of living instead of exchange rates and concluded that China could become the world’s largest economy this year.

“Americans can be very confident in the strength of our economy,” Pelosi told PJ Media on the red carpet of the Google/Netflix White House Correspondents Dinner pre-party. “The most productive workers in the world, the safest place to invest money, the freest people in the world so I feel pretty confident and the American people feel confident about our country. Enjoy the evening. Lighten up!”

Hardball host Chris Matthews of MSNBC also downplayed any worries over the report.

“Tell me when the GDP goes past us, then we’ll note that. I think they’re way ahead on this,” said Matthews. “They’re not going by the GDP. They’re going by some other number so I’m suspicious of that.”

Matthews said China’s economy is not anywhere near $17 trillion.

In response to the same report, Ronan Farrow, host of Ronan Farrow Daily on MSNBC, said, “It’s really important that America invest, invest, invest in its education and shore up our competitiveness for the next generation.”

Matthews also stood by his prediction that Republicans will take back control of the Senate in the midterm elections.

“A good night for the Democrats is losing 5 seats,” he said.

Travis Kalanick, CEO of the ridesharing company Uber, who also attended the event, addressed complaints from taxicab companies about his business.

“Those guys – nobody likes them but they paid off enough people to keep their gig going. We’ll see how long that goes,” he told PJ Media.

In most cities, Kalanick said Uber is 30 to 40 percent cheaper than a taxi. He said local governments would hurt the middle class if they decide to increase regulations on his company’s operations.

“If regulators want their middle-class and lower-middle class not to have a way to get around their city, then I get it but I don’t really get it,” said Kalanick.

“Who wants transportation for their constituents to get more expensive? I don’t know who wants that, but they’re maybe getting persuaded by the taxi industry and we need to make sure that they hear the other side of it so they understand what the impact would be if they do what they’re going to do,” he added.

At Saturday evening’s White House Correspondents dinner, Sen. John McCain and his daughter Meghan McCain walked the red carpet and discussed her new show, TakePartLive on Pivot.tv.

“We’re calling it the anti-news news show. It’s kind of like guerrilla old-school MTV News,” she said.

“I’m afraid that maybe on her show I’ll come in for some criticism,” said Sen. McCain.

“No, never, I can criticize a lot of things but I’m like, ‘except my Dad who I love very much’ and I just can’t do it, ever,” said Meghan McCain.

“Even when we disagree on things – our family – we all have different values and ideas and we never fight about it when we’re home,” she added.

“We have serious discussions. She’s of a different generation,” said Sen. McCain. “There’s issues like the whole role of gays in society and discrimination and many of those issues that are very serious, especially for her age group, and so frankly, it helps me to do my job to have the conservations we have.”

MORE VIDEO FROM THE WHITE HOUSE CORRESPONDENTS’ DINNER ON THE NEXT PAGE: Duck Dynasty Star on Obama: ‘I Don’t Agree with Everything He Does But That’s the Country We Live in’

Are Media ‘Gluttons’ for Demanding More Access to Obama?

Nicholas Ballasy is a video journalist based in Washington, D.C. His interviews with prominent politicians and celebrities have been featured by media outlets including Fox News, NBC News, ABC News, Access Hollywood, Inside Edition, the Washington Post. Follow his work at www.nickballasy.com.

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Top Rated Comments   
I have found that whatever she says, to know the opposite is true. she is a joke. YOU HEAR ME, NANCY, you are A JOKE. YOU ARE UNEDUCATED, FULL OF IT and YOU ARE VERY PATHETIC. YOU MAKE WOMEN LIKE ME LOOK BAD, AND I WILL ENJOY WATCHING YOU FALL. Be sure to have someone hold your hair, it sucks getting poop in it doesn't it? YOU ARE USELESS JUST LIKE THE COMPANY YOU KEEP.
15 weeks ago
15 weeks ago Link To Comment
This hag has outlived her uselessness.
15 weeks ago
15 weeks ago Link To Comment
Do the Dems REALLY not get that Pelosi is LITERALLY off her bean? I mean...what Liberal OR Conservative would want her running around making a total farce out of their party? How wonderfully entertaining a couple Pelosi and Biden would make! LOL!
15 weeks ago
15 weeks ago Link To Comment
All Comments   (55)
All Comments   (55)
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Pelosi is a spoiled woman who got where she has because of an influential father and a rich husband. I wish she would have to get out and really do something.
14 weeks ago
14 weeks ago Link To Comment
Of course China represents no challenge to our economy but global warming does... and Conservatives are the loonies... and my aunt's neighbor made $32,456 last month by working 45 minutes per day on her computer... and the polar caps are going to melt by 2013, and the Jehovah's Witnesses are right about the end of the world this time ... oh please Lord take them all!

{SARCASM}
15 weeks ago
15 weeks ago Link To Comment
Pelosi has to be passed by China to see what's in their rear view mirror.
15 weeks ago
15 weeks ago Link To Comment
Why do Californians keep electing mental patients to represent them? Is it the water? The cannabis?
15 weeks ago
15 weeks ago Link To Comment
It's the natural climate variability.
15 weeks ago
15 weeks ago Link To Comment
I have no idea what their problem is. I was born there but after watching the state degenerate into a massive "black hole" of morals, ethics, and logic, we left 4 months ago. Our only regrets are leaving friends and family behind. We can only hope that someday they will realize Kalifornia is a lost cause and move to a place where they can breathe "free".
15 weeks ago
15 weeks ago Link To Comment
I bailed from California in '81'.
15 weeks ago
15 weeks ago Link To Comment
It is the continental tilt: all the loose nuts end up there.
15 weeks ago
15 weeks ago Link To Comment
I just do not understand how any thinking person can listen to this woman and take her seriously. She is an embarrassment to this country and her party, such as it is.
15 weeks ago
15 weeks ago Link To Comment
Top democrat bimbo, Pelosi, once again shows her total lack of intelligence or her complete political phoniness! REALLY NANCY! You don't see how China could overtake us? How could that be? You and your colleagues have driven almost every profit business out of this country to date! You must have a clue!!
15 weeks ago
15 weeks ago Link To Comment
to call Nancy Pelosi a "bimbo" is insulting to proper bimbo's everywhere..."we have to let China pass us to find out why we suck"...
15 weeks ago
15 weeks ago Link To Comment
While I take anything Pelosi says to be preprogrammed in that walnut taking residence in her skull, she is fairly accurate here about China overtaking us. The only caveat is, that if we elect another lefty, China will catch us much faster than currently anticpated. She is way off her rocker when she says we can have confidence in the strength of our economy. I am just surprised she didn't throw in the phrase "for the children" anywhere.
15 weeks ago
15 weeks ago Link To Comment
"I feel pretty confident and the American people feel confident about our country." This is called BS.
Nancy knows Botox, and little else.
15 weeks ago
15 weeks ago Link To Comment
When Progs start comforting us and assuring us that nothing is wrong, that is when you can be certain all hell is going to break loose.
15 weeks ago
15 weeks ago Link To Comment
Go Nancy - don't let mere facts get in your way, just make it all up as you go - that's the liberal way!
15 weeks ago
15 weeks ago Link To Comment
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