Why GWBush Appeared So 'bad' Toward The End Of His Term
snell PWCM/AVA~GOD & COUNTRY!!! 2012/06/27 20:24:32
Don't just skim over this article, please. Most people aren't aware of all of this, so 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
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 had 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
The economic meltdown that happened 15 months later was in the BANKING AND FINANCIAL SERVICES part of the economy.
The unemployment CRISIS, by (among MANY other things): dumping
5-6 TRILLION Dollars of toxic loans on the economy from the DEMOCRATS with their Fannie Mae and Freddie Mac FIASCOES!
Bush asked Congress 17 TIMES to regulate Fannie & Freddie - starting in
2001, because it was financially risky for the US economy.
Who took the THIRD highest pay-off from Fannie Mae AND Freddie
And who fought against reform of Fannie and Freddie?
OBAMA, the Democrat Congress (including Barney Frank), and 75 other
Democrats who complained to Bush in a letter that they didn't want him
regulating Fannie and Freddie for "safety and soundness" at the expense
of their mission to provide affordable housing!
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. The Republicans took control of the House only in the 2010 election and have been responsible for budgets in FY 2012 and 2013. While the Republicans in the House have passed and sent to the Senate a budget each year they've been in power, it has been over three years since the Harry Reid-led Democrat senate has even passed a budget. Meanwhile the budgets Obama has submitted have been so outlandish they haven't received a single vote, even from House Democrats!
In that first year, 2007 creating the 2008 budget, they had to contend with
George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
In 2009, 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.
If the Democrats inherited any deficit, it was the 2007 deficit, the
last of the Republican budgets. (~$200 billion, 1/6th the amount
of the deficits Obama is running) 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
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