This is just a History lesson. I am posting it to all regardless of party . It is history and nothing can change it.
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!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment...to this CRISIS by (among MANY other thi...
&
&&
&
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!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment...to this CRISIS by (among MANY other thi...
&
&&
&
This is just a History lesson. I am posting it to all regardless of party . It is history and nothing can change it.
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!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% 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!
(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."
(more)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!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% 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!
(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."
http://webstation19.8k.com/cr...
Also, there's been a business practice in play for some time. It involves securing one's market position by raising economic and regulatory barriers against competition. I don't think these businesses thought through the strategy of using government to help limit competition.
i take that your american
and well im not
im from australia
so i dont care wats happning in america
Each has to take care of its own business!
Ronald Reagan and FDR proved the only way to get out of a problem economy is to spend your way out. We need to follow that path. Once we have unemployment down to a reasonable level then we can pay the debt.
The difference between Reagan's massive defense spending and Bush's is that Bush spent it overseas on low tech wars. Reagan invested in US business and spent it on basic research in the US. Eisenhower did similar by starting the interstate highway system and building the St. Lawrence Seaway. LBJ brought us many good things but let us waste a lot away with a foreign war.
OBAMA S WAY WITH LIBBY COSTSD 100 S OF MILLIONS FOR WHAT//
WIth a nonleader like Obama of course America will continue to spread it's wealth oops I mean misery.
The next 6 months are going to be like the last few seconds of a log flume ride, straight downhill.
The only way to right this now it to remove OBAMA from power and take out ALL OF HIS APPOINTEES.
- - -
Gallup Survey of Business Owners.
According to the survey results:
Forty-eight percent of respondents who are not hiring said it was due to concerns about possible rising health care costs.
Forty-six percent cited concerns about government regulations as a primary reason for their choice not to hire additional workers.
Twenty-four percent of respondents that were not hiring said they are holding back from hiring because they are worried about no longer being in business in 12 months.
Seventy-one percent of those surveyed said revenues/sales wouldn't justify hiring additional workers.
Sixty-six percent expressed worries about the overall economic situation.
http://www.gallup.com/poll/15...
Small businesses complain regulations stifling growth
by Emery P. Dalesio
Associated Pres
http://www.robesonian.com/vie...
Business owners complain regulations are killing jobs
By Robert Brodsky rbrodsky@govexec.com February 10, 2011
http://www.govexec.com/dailyf...
Federal agents close Gibson Guitar plant in Memphis in search for ebony
By Kevin McKenzie
http://www.commercialappeal.c...
Business leaders: Obama policies 'job-destroying'
By Julianne Pepitone, staff reporterJul...
- - -
Gallup Survey of Business Owners.
According to the survey results:
Forty-eight percent of respondents who are not hiring said it was due to concerns about possible rising health care costs.
Forty-six percent cited concerns about government regulations as a primary reason for their choice not to hire additional workers.
Twenty-four percent of respondents that were not hiring said they are holding back from hiring because they are worried about no longer being in business in 12 months.
Seventy-one percent of those surveyed said revenues/sales wouldn't justify hiring additional workers.
Sixty-six percent expressed worries about the overall economic situation.
http://www.gallup.com/poll/15...
Small businesses complain regulations stifling growth
by Emery P. Dalesio
Associated Pres
http://www.robesonian.com/vie...
Business owners complain regulations are killing jobs
By Robert Brodsky rbrodsky@govexec.com February 10, 2011
http://www.govexec.com/dailyf...
Federal agents close Gibson Guitar plant in Memphis in search for ebony
By Kevin McKenzie
http://www.commercialappeal.c...
Business leaders: Obama policies 'job-destroying'
By Julianne Pepitone, staff reporterJuly 14, 2010: 6:01 PM ET
http://money.cnn.com/2010/07/...
Democrats hurting Business and Economy
http://www.suntimes.com/news/...
What's stopping job creation? Too much regulation
By Clarence Otis Jr., Special to CNN
updated 8:22 AM EST, Tue December 6, 2011
http://www.cnn.com/2011/12/06...
Obama Needs to Stop Killing Jobs
September 8, 2011
http://www.usnews.com/opinion...
Steve Wynn - "Obama greatest wet-blanket on jobs and business in my lifetime"
http://www.youtube.com/watch?...
- - -
Looks like all indicators point to Obama and the democrats.
Let's take care of this problem in November!