[DaveA37]

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.

[blueyon]

Awesome post and exactly what I have been saying for awhile.

Obama can not blame Bush when he was in Congress during the time Congress created this MESS

[eyeamok]

How dare you start bringing up facts in this emotional argument as to who is at fault.

[jonno]

bm

[DTogo]

The presidential transition of Barack Obama began when he won the United States presidential election on November 4, 2008, and became the President-Elect.

=

Obama knew and/or should have known what he was "inheriting," and he's the one who wanted the job. NO EXCUSES!!

Bush '43 had no transition as Algore contested the election.

[mnehring]

btt

[JMJJR]

Bookmark Bump !

Good summary

[reagan_fanatic]

This pretty well sums it up:

[The Sons of Liberty]

I don’t think Hussein ever really expected to be nominated or elected, but once the lunacy of the left was realized, he was in WAY OVER HIS HEAD! Rather than learn from his [MANY] mistakes, his arrogance and marxist training took hold and that, along with a WEAK congress and crooked judiciary, he is on his way to realizing his dream - Getting whitey and destroying America!

[Jack Hammer]

Democrat locusts fly in, lay waste to everything in their search for fodder with which to purchase votes, then blame the resulting disaster on Republicans.

It’s a well-worn tactic which antedates Lenin and Mao, among others, who used it to appeal to the proletariat in their Machiavellian rise to power.

Now, of course, Obama’s attempting the same thing, and, if successful, he will destroy America.

Unfortunately, the Republicans don’t seem particularly inclined to point out the true nature of the pestilence.

[Mister Da]

Thanks for posting this.

[Graewoulf]

” - - - 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. “

Thanks for compiling the facts for this great thread.

__________

You might add the facts for total employed per year, probably better on a new thread with a “follow the money” theme.

My interest is in any data you have on the total NON-GOVERNMENT, (Local, State and Federal), employed per year.

[know-the-law]

thanks

[kitkat]

BOOKMARK (BUSH FANNIE & FREDDIE)

[lonestar67]

This is the over riding and obvious political reality conservatives have failed to highlight.

[WSGilcrest]

bookmark

[Rumplemeyer]

Save

[New Jersey Realist]

GREAT POST!!!!

[Rusty0604]

Your’e right on. I wish that these facts were presented to the public more.

[copaliscrossing]

I have been saying these same things to anyone that will listen and you will not believe the blank looks I get from people because it is so against the narrative they are used to hearing. The sheeple have been conditioned to look at the economies by who the president is instead of who is in control of Congress. Once you look at what has been happening the past 25 or so years, it starts making more sense.

[Luigi Vasellini]

BTTT