Posted On: 09/10/2012 8:49:18 PM
Post# of 1902
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Why Bush was so bad at the end of his term!!!!!!
Some people aren't aware of all of this. Don't just skim over this, please 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 3, 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
Some people aren't aware of all of this. Don't just skim over this, please 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 3, 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
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