Quantcast

January 3rd 2007

Birthpangs 2012/08/21 13:27:05
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%

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.
You!
Add Photos & Videos

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • NotYou 2012/10/26 14:55:19
    NotYou
    I've been saying that for years and it is good to see some numbers to back it up.
  • Birthpangs NotYou 2012/10/26 16:30:33
  • NotYou Birthpangs 2012/10/26 16:39:41
    NotYou
    +1
    They had been pushing the whole, 'Everybody should have a house even if they don't have a job' mess for years before that. That is the real cause of the meltdown. Relaxed procedures to qualify for a mortgage to 'make it fair'.
  • Birthpangs NotYou 2012/10/26 16:46:33
  • Birthpangs 2012/08/21 13:29:39

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/10/30 15:15:49

Hot Questions on SodaHead
More Hot Questions

More Community More Originals