Do not just skim over this, 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!
And where is the RNC and Romney with ads reminding Americans of this every single day. We know it here but until they slap this on the Dem’s from Jan 2007 . . . they will not receive one dime from me. I’ve only donated to Newt since then, well and to Sarah (McCain) and not another dime. I’m so sick of the Blame Bush we hear from the DNC non-stop.
BTTT
Where’s the puke alert?
Never mind, I get 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.”
Obama did not “inherit” any thing. He actively persued it. He assured us he had all the answers. He tries to make it as if this was pushed on him. No he interjected himself in this.
I condense it this way: In Jan 2007 the Pelosi/Reid cartel took control of Congress. One year later we were in recession. Two years later we were in a total financial collapse.
I was aware that Bush had tried to increase / inhance the regulation of Fannie and Freddie, but I wasn’t aware he did so eleven times. Not doubting you, but is there a source for this?
Bawney and friends should be brought up on charges. Put this back in the news and let them defend their actions.....Boner has no balls....he must be replaced.....if the shoe was on the other foot the rats would be holding public hearings and throwing people in jail....GOP.....not so much!
Dodd and his corrupt cronies were getting special loans....passing out regulations that qualified everyone for a loan. This must not stand....I want a trial, I want to know what really happened, and I want some of these crooks put in jail.....
Nicely done. Obama wants to blame the previous tenant, but he shit his own bed.
bkmk