Do You Remember January 3, 2007?

[The Nature Boy 4,224]

Do You Remember January 3, 2007?

Posted on February 13, 2012

Hat Tip to Pamela

This is just a History lesson and I am sending it to all regardless of party. It is history and nothing can change it. All Americans should pass this on to everyone in their database. Both parties need to cut expenses, neither party is without blame, but this is truly what happened and Americans need to wake up and take our country back in 2012!!!

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. Bush should have vetoed every bill that came in front of his desk!!

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.”

There is no way this will be widely publicized, unless each of us sends it on!

Click Here

[I AM NOT THAT GUY 5,715]

Just think, in eight short months they managed to destroy the economy. But, GWB was sleeping at the switch, and the Republicans in Congress had lost their way in the previous Congress. So, America went for the change. Sometimes things go from bad to worse, and unfortunately, this was the case. And now, what is left of the Republican party, are too many folks that resemble the Democrats that got us into this mess. Looks like there is nowhere left to go, but downhill. The next four years will continue to suck.

Buy more ammo? God be praised, I hope not!

[ready4ONE 5,400]

It won't be widely publicized because it's a hack RWN steaming pile of s... The financial meltdown surfaced after 2007-2008 but certainly did not start there. Bush didn't hold responsibility for all things wrong then and now, that is LWN steaming pile of s... But answering steaming piles with steaming piles is no way to get things fixed. Blame goes both ways, and outside of both parties.

[The Nature Boy 4,224]

Just think, in eight short months they managed to destroy the economy. But, GWB was sleeping at the switch, and the Republicans in Congress had lost their way in the previous Congress. So, America went for the change. Sometimes things go from bad to worse, and unfortunately, this was the case. And now, what is left of the Republican party, are too many folks that resemble the Democrats that got us into this mess. Looks like there is nowhere left to go, but downhill. The next four years will continue to suck.

Buy more ammo? God be praised, I hope not!

So many of us feel like this, I wonder if we could all put aside Social politics for a few years and all vote our real intent, we could change things. Good Post.

[Mr. Big Dog 10,747]

Do You Remember January 3, 2007?

[The Nature Boy 4,224]

Although we rarely agree on Politics I do appreciate a good sense of humor. Well done man