Thursday, December 29, 2011

Do you re me mber January 3, 2007??


This is just a History lesson.  I am sending it to all regardless of party . 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 ti me 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 Unemploy me nt rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
Re me mber that day...
January 3rd, 2007 was the day that 
BarneyFrank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.The economic me ltdown that happened 15 months later was in what part of the economy?BANKING AND FINANCIAL SERVICES!THANK YOU DEMOCRATS (especiallyBarney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemploy me nt...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 so me one tries to bla me 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 co me from the White House.. They co me 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 so me what belatedly got tough on spending increases.

For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep govern me nt running until Barack Obama could take office. At that ti me , they passed a massive omnibus spending bill to complete the 2009 budget.

And where was Barack Obama during this ti me ? He was a me mber 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 re me mber 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."


1 comment:

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