“They protect the wealthy, and it's hard to understand, because they have said, well, these taxes at the high end, they're going to create jobs. They didn't,” Pelosi said. “We had all of this during the Bush years.”

Speaking just before the GOP presidential candidates debated in Iowa on Thursday, Pelosi said Newt Gingrich, who like Pelosi served as House Speaker, would not make a good president. “It was terrible when the Gingrich Republican majority in Congress set out to impeach President Clinton,” she said.