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Remember January 3, 2007
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.”
“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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