Bush had a housing bubble economy, Obama has the stimulus and college bubble, my WAG these bubbles burst and O’s next 4 years rival the Great Depression. But then again with the super non-stoppable Nitschean Uber Hispanic vote the GOP will never win another election because tomorrow will be exactly like today. WRONG
islamobama destroys everything he touches.
We ain’t seen nothin’ yet.
What Recovery? As Michigan so will the rest of the country!
The unemployment for some parts of Michigan is well above the national average.
I live in the UP of Michigan - in my business I have taken more time off in order to keep others employed.
I see more properties going in foreclosre and more properties simply being abandoned.
recovery is a joke. It is more like a wrecking ball.
What everyone is forgetting, is that the economy Obama “inherited” was bequeathed to him by Nancy Pelosi and Harry Reid.
The rats won the house and senate in the 2006 elections.
The rats threatened to nationalize the oil industry, among lots of other massively ignorant things.
F the rats.
Inherited a crappy economy from Pelosi-Reid. Democrat taint.
It's not silly. ObaMao worked with ACORN to sue Citi in order to force them to make loans to unqualified buyers back in the early '90's. He was a pioneer in forcing banks to create the sub-prime market bubble.
When ever I read some author of a news article saying that you can’t blame Obama for what happened in 2007 and 2008 I post this.
This tells the story, why Bush was so bad at the end of his term, or so they say.........
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.
Nothing infuriates me more than watching them attempt to salvage their professional credibility now that they don't have to worry about harming their purple lipped Messiah.