This
tells the story, why
Bush was so bad at the
end of his term.
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!"
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.
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