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DO YOU REMEMBER JANUARY 3, 2007?
This can be a real eye opener!
This tells the story of why George Bush was so bad at
the end of his second term ...
Don't just skim over this, it's not very long, read it
slowly and let it sink in. If in doubt, check it out!
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The day the Democrats took over was not January 22, 2009,
it was actually January 3, 2007, as 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 now listening to the liberal progressives
propagating the fallacy that everything is "Bush's Fault",
just think about these facts:
January 3, 2007 was the day the Democrats took over the
Senate and the Congress.
At that 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 Eeconomic policies SET A RECORD of
52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...
January 3, 2007 was the day that Rep. Barney Frank took
over as Chairman of the House Financial Services Committee,
and Chris Dodd took over the Senate Banking Committee.
Question: The economic crisis that happened 15 months
later was created in what part of our economy?
BANKING AND FINANCIAL SERVICES!
Bush asked Congress 17 TIMES to stop Fannie & Freddie
from pursuing their reckless mortgage lending practices,
starting in 2001 because it was financially risky for the
US economy.
And who took the THIRD largest campaign contribution
pay-off from Fannie Mae and Freddie Mac?
Barack Hussein Obama (No surprise there…!)
And who was the Assistant Director of Fannie Mae? None
other than Herb Moses, who just happened to be Chairman
Barney Frank’s gay lover & roommate… (Conflict of interest
here? We’ll let you decide for yourself!)
And who fought relentlessly against structural reform of
Fannie and Freddie?
OBAMA and the Democrat Congress.
So when someone tries once again to blame George Bush,
think about that not-so-coincidental fact!
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 and 2009, as well as 2010 and 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 however, Nancy Pelosi and Harry Reid bypassed
George Bush entirely, passing their cowardly “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.
And while on the subject of “budgets”, the Democrat-
controlled US Senate, under the failed leadership of
Harry Reid, and supported by Obama, has failed to allow
a budget to be brought to the floor for more than
THREE YEARS!
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 of 2009.
