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Steelers Politic Talk
Posted On: 09/10/2012 8:49:18 PM
Post# of 1902
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Posted By: acc724


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


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