This
tells the story, why Bush was so bad at the end of his
term.
Don't
just skim over this, it's not very long, read it slowly and let it sink
in. If in doubt, check it out!!!
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
Democrat 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 was the day the Democrats took over the Senate and the
Congress.
At
the time:
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
GROWTH
Remember
the 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!
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!
Bush
asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001
because it was financially risky for the US
economy.
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
So
when someone tries to blame Bush.
REMEMBER
JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK
OVER!"
Budgets
do not come from the White House. They come from Congress and the party
that controlled Congress since January 2007 is the Democrat
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 budgets.
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.
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!
"