This is just a History lesson. I am sending it to all regardless of
party . I bet I know who wouldn't read it -- those afraid of the
truth. It is history and nothing can change it.
The day the Democrats took over was not January 22nd 2009, it was
actually January 3rd 2007, the day the Democrats took over the House
of Representatives and the Senate, at the very start of the 110th
Congress.
The Democratic Party controlled a majority in both chambers for the
first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy
that everything is "Bush's Fault", think about this:
January 3rd, 2007, the day the Democrats took over the Senate and
the Congress:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS
of JOB CREATION!
Remember that day...
January 3rd, 2007 was the day that Barney Frank took over the House
Financial Services Committee and Chris Dodd took over the Senate
Banking Committee.
The economic meltdown that happened 15 months later was in what part
of the economy?
BANKING AND FINANCIAL SERVICES!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000
DOW, 3.5 GDP and 4.6% Unemployment...to this CRISIS by (among MANY
other things) dumping 5-6 TRILLION Dollars of toxic loans on the
economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie -
starting in 2001 because it was financially risky for the US
economy). Barney blocked it and called it a "Chicken Little
Philosophy" (and the sky did fall!)
And who took the THIRD highest pay-off from Fannie Mae AND Freddie
Mac? OBAMA
And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress, especially BARNEY!!!!
So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Bush may have been in the car but the Democrats were in charge of
the gas pedal and steering wheel they were driving the economy into
the ditch.
Budgets do not come from the White House.. They come from Congress
and the party that controlled Congress since January 2007 is the
Democratic Party.
Furthermore, the Democrats controlled the budget process for 2008 &
2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which
caused them to compromise on spending, when Bush somewhat belatedly
got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush
entirely, passing continuing resolutions to keep government running
until Barack Obama could take office. At that time, they passed a
massive omnibus spending bill to complete the 2009 budget.
And where was Barack Obama during this time? He was a member of that
very Congress that passed all of these massive spending bills, and
he signed the omnibus bill as President to complete 2009. Let's
remember what the deficits looked like during that period:
If the Democrats inherited any deficit, it was the 2007 deficit, the
last of the Republican budgets. That deficit was the lowest in five
years, and the fourth straight decline in deficit spending. After
that, Democrats in Congress took control of spending, and that
includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself.
In a nutshell, what Obama is saying is "I inherited a deficit that I
voted for,
and then I voted to expand that deficit four-fold since January 20th."
There is no way this will be widely publicized, unless each of us
sends it on!
"The problems we face today exist because the people who work for a
living are outnumbered by those who vote for a living."
party . I bet I know who wouldn't read it -- those afraid of the
truth. It is history and nothing can change it.
The day the Democrats took over was not January 22nd 2009, it was
actually January 3rd 2007, the day the Democrats took over the House
of Representatives and the Senate, at the very start of the 110th
Congress.
The Democratic Party controlled a majority in both chambers for the
first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy
that everything is "Bush's Fault", think about this:
January 3rd, 2007, the day the Democrats took over the Senate and
the Congress:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS
of JOB CREATION!
Remember that day...
January 3rd, 2007 was the day that Barney Frank took over the House
Financial Services Committee and Chris Dodd took over the Senate
Banking Committee.
The economic meltdown that happened 15 months later was in what part
of the economy?
BANKING AND FINANCIAL SERVICES!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000
DOW, 3.5 GDP and 4.6% Unemployment...to this CRISIS by (among MANY
other things) dumping 5-6 TRILLION Dollars of toxic loans on the
economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie -
starting in 2001 because it was financially risky for the US
economy). Barney blocked it and called it a "Chicken Little
Philosophy" (and the sky did fall!)
And who took the THIRD highest pay-off from Fannie Mae AND Freddie
Mac? OBAMA
And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress, especially BARNEY!!!!
So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Bush may have been in the car but the Democrats were in charge of
the gas pedal and steering wheel they were driving the economy into
the ditch.
Budgets do not come from the White House.. They come from Congress
and the party that controlled Congress since January 2007 is the
Democratic Party.
Furthermore, the Democrats controlled the budget process for 2008 &
2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which
caused them to compromise on spending, when Bush somewhat belatedly
got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush
entirely, passing continuing resolutions to keep government running
until Barack Obama could take office. At that time, they passed a
massive omnibus spending bill to complete the 2009 budget.
And where was Barack Obama during this time? He was a member of that
very Congress that passed all of these massive spending bills, and
he signed the omnibus bill as President to complete 2009. Let's
remember what the deficits looked like during that period:
If the Democrats inherited any deficit, it was the 2007 deficit, the
last of the Republican budgets. That deficit was the lowest in five
years, and the fourth straight decline in deficit spending. After
that, Democrats in Congress took control of spending, and that
includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself.
In a nutshell, what Obama is saying is "I inherited a deficit that I
voted for,
and then I voted to expand that deficit four-fold since January 20th."
There is no way this will be widely publicized, unless each of us
sends it on!
"The problems we face today exist because the people who work for a
living are outnumbered by those who vote for a living."
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