Thanks to fellow Conservative and State Rep candidate Jeffrey Locke ( good luck in November ) and I see it has circulated around on the "internets" for some time now but it's still hard to argue with!
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...on this same January 3rd, 2007 it 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 so 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 originate 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. There is no
way this will be widely publicized, unless each of us sends it
on!
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