This tells the story, why Bush was so bad at the end of his term.
Don’t just skim over this, 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 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 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
[and this remaining 4.6% was totally unemployable]
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? Senator OBAMA !
And who fought against reform of Fannie and Freddie?
Senator OBAMA and the Democrat Congress!
So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007....
THE DAY THE DEMOCRATS TOOK OVER!"
Budgets are only requested by the White House usging their guidance.
They come from the branch of government called the 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 for 2010 & 2011. [opps, there hasn't been
an actual budget document passed for President OBAMA, because his
originally has laughed out of committee back in 2009 by the Democrats
themselves.]
In that first year 2008, 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.
There is no way this will be widely publicized, unless each of us sends it on!
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