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
12,621.77The 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 Remember 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.
Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com
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