Tuesday, February 28, 2012

A brief History Lesson

This is just a History lesson.
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 Democratic 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 , the day the Democrats took over the Senate and the Congress: 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 CREATION!
Remember that 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!(under Barney Frank, not George Bush).

THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% 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!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie -starting in 2001 because it was financially risky for the US economy). Barney blocked it and called it a "Chicken Little Philosophy" (and the sky did fall!)
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, especially BARNEY!!!!

So when someone tries to blame Bush...REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"

Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving the economy into the ditch.

Budgets do not come from the White House.. They come from Congress and the party that controlled Congress since January 2007 is the Democratic 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 budget .

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.

Let's remember what the deficits looked like during that period:
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."


NanaDiana said...

This is a great lesson, Kurt. I knew some of it - but not all of it. I do remember Bush trying to get Fannie Mae and Freddie Mac OUT. I so think we need an overhaul in Washington. Sadly, I think most people are not well enough informed to make an intelligent choice so choose, instead, so vote party without thinking further.

Great post- Hugs- Diana

L said...

Why aren't you running for office?

Ms. A said...

Yeah, what L said.

Brittany Sommer said...

I also agree with L.
It's a crying shame what the Obama administration has done to our state. I was Bush back please and thank you. I have been saying that for, well... ever since Obama came into office.

Marnie said...

AND I always learn something when I visit your blog! xo

red.neck chic said...

I'd vote for you... twice. or a million times.

LOVE this post!!! It's so sad how no one is interested in being informed... they just go with whatever crap the press is spewing.

is your name on the ballot yet?


epm consulting said...

Someone should inherit this talent. It's magic to have it.

Karen said...

What Ms. A said!

Marnie said...

I commented on the wrong bad...

You've been tagged on my blog...go xo

Jo-Anne's Rambling said...

The only thing I know about Americian politics is what I see on "The West Wing" and yes I know that is just a tv show but it is so bloody funny and I do enjoy it......

Does it count NO oh well sorry that's all I have.....maybe if I read more blog post like this one I would learn something but to be honest I doubt