| Dudesky |
10-02-2012 05:09 PM |
Latest Email
Thought both sides would like to ponder this bit of info.
Quote:
Some people have short memories…..
DO YOU REMEMBER JANUARY 3, 2007?
I’ve been saying this for years, but this email probably explains it
better and more clearly. This is NOT a political message, but rather
a clarification to remind us all of the correct facts.
Remember that on October 9, 2007, 11 months before our “economic
crisis” occurred (that was actually created), the Dow hit its highest
point ever, closing at 14,164.53 and reaching 14,198.10 intra-day level
2 days later. Unemployment was steady at 4.7%. But things were
already being put in place to create the havoc we’ve all been experiencing
since then. And it all started, as this email explains,
on January 3, 2007. --LFL
I'm sending this to each of you regardless of your party preferences
because I believe it is something you may not have considered.
This tells the story, why Bush was so “bad” at the end of his term.
Don't just skim over this, it's not very long, 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, which was 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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