Here is what they left out.... This tells the story, 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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