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Old 09-04-2012, 06:34 PM
234 posts, read 296,454 times
Reputation: 107


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 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

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?

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 ffeddie 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.
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
Fiscal 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 same 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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