Who does Obama BLAME MORE??!!

Obama Blames " EVERYONE BUT HIMSELF " ! ....... B.I.O.B. is the WORST and he continues to do so daily . Trouble is ..... " It's A Lie " ! .............. see below




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."

1. It took George Bush eight long years to thoroughly trash the American economy. Only a fool would believe that it would only take three years to repair the damage.

2. Thanks to Republican obstructionism we did not get the single payer plan that made the most sense, we did not get a public option that would have made the bill even more economical, and the President had to use reconciliation to get anything passed at all.

3. TARP was George Bush's baby. President Obama did not pass Wall Street bailouts. And the stimulus (again much too small due to Republican obstructionism) did create over 4 million jobs but was not a Wall Street bailout. (And it lowered YOUR taxes, too.)

4. The Bush tax cuts for the richest Americans are THE single biggest cause of our economic collapse. The inequality between the very very rich and everyone else is one of the major reasons our economy remains sluggish. The Republican lie of "we have a spending problem" is in reality a lack of revenue due to giving more and more of a free ride to the 1%. And the only reason the Bush tax cuts were extended was because once again Republican obstructionism in Congress led them to blackmail the President into signing the extension in order to stop the Republicans from cutting millions of struggling non-millionaires off from the assistance that makes the difference between a home and living on the street.

5. The stock market has doubled from the lows that the Bush Recession drove it to. It's true that the European economic problems (mostly caused by a failed "austerity" approach not all that dissimilar to current Republican proposals) have an effect on the U.S. economy, but acknowledging that influence, which the President has done, is not the same as "blaming Greece", which the President has not done.

6. OPEC and Wall Street ARE responsible for high gas prices. As even Republicans acknowledged before President Obama was elected, Presidents have little or no ability to influence short term oil prices. Plus, we are pumping more oil now than we were under Bush, we have more operating wells than we did under Bush, we have more open permits than we did under Bush, the majority of the Keystone pipeline is already being built, with President Obama managing to stop the Republicans from ramming through a proposal that has the potential to poison the drinking water supply of millions of Americans just to make it easier for Canada to sell oil to China.

Got any more?

Don't forget, democrats took control of both houses of congress in 2007. They started the downhill slog.

THE DAY THE DEMOCTATS TOOK CONTROL



January 3, 2007 was the day that Democrats took control of both houses of Congress. Let's take a factual look at what they inherited.

The DOW Jones closed at 12,621.77

The unemployment rate was 4.6%

The GDP for the previous quarter was 3.5%

The economy had just set a record of 52 straight months of job creation

26 million Americans were on food stamps

47 banks were on the FDIC problem list

The Social Security program took in the neighborhood of 100 billion more than it paid out

The national debt was approaching 9 trillion dollars

Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee

Obama became a Senator from Illinois

Bush was on record requesting restraint on Freddie Mac and Fannie Mae 17 times

Since then, it was Freddie Mac and Fannie Mae that dumped trillions of dollars of toxic assets on taxpayers. It was Obama who got the third highest pay-out from Fannie Mae and Freddie Mac. It was the Democratic Congress that defended them along the way.

So since it was the Democrats that were really driving the car, I think they get the DUI even though they insisted Bush was driving. I think the evidence speaks for itself.

WE ALL KNOW THE REST OF THE STORY!

The democrats destroyed the economy and are continuing to do so.