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 & Senate, the 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 of you 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 MONTHS of JOB CREATION!
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?
BANKING AND FINANCIAL SERVICES!
THANK YOU DEMOCRATS 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 FIASCOS!
(BTW: 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 & the Democratic Congress
So when someone tries to blame Bush
REMEMBER JANUARY 3rd, 2007
-- it was actually January 3rd 2007.
The day the Democrats took over the House of Representatives & Senate, the 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 of you 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 MONTHS of JOB CREATION!
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?
BANKING AND FINANCIAL SERVICES!
THANK YOU DEMOCRATS 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 FIASCOS!
(BTW: 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 & the Democratic Congress
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.
"It's not that liberals aren't smart, it's just that so much of what they know isn't so."
Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving.
"It's not that liberals aren't smart, it's just that so much of what they know isn't so."
-Ronald Reagan
How dare you use facts to point out Democrat lies!
ReplyDeleteThis post right here is what the Rebublicans need to do in order to win over the independent voters and gain back their strength. Stop with the secret muslism illegal kenyan president stuff. As an independent that just pushes me away from the republican party, just as Dems saying this is all Bush's fault turns me away from them.
ReplyDeleteIf you people with get off your interparty squabbles for once, we might be able to actually solve our problems. It's a bubble people. A bubble that grew because of both Rep. and Dem decisions and now that bubble has burst. Neither side will admit that there is very little (cut taxes or spend) they can do to get this economy rolling again. So they throw out half-baked ideas to appease the base which of course eats up this crap like its filet mignon.
ReplyDelete"A man hears what he wants to hear, and disregards the rest."
ReplyDelete- Simon and Garfunkle (The Boxer)
I have read several books about the economic crisis:
ReplyDeleteFreefall-Joseph Stiglitz (Nobel laureate)
Too Big to Fail-Andrew Sorkin
Confessions of a Subprime Lender-author unknown
and others.
Both parties and the financial sector did this, with the help of many US citizens.
If you had a mortgage with 20% down at least, AND you never took out a home equity loan AND you never carried credit card debt from one month to the next you are not guilty. Otherwise, you are as guilty as anyone else.
It was the belief, the absolute faith, that home prices could only rise, that caused this at every level.
Question everything.
And for Gosh sakes, turn off the tv and read something.
3:54
ReplyDeleteRemember that Al Gore, Obama, and Arafat are all Nobel laureates.
The faxt that Andrew Sorkin wont he Nobel doesn't make him correct, and the Nobel sure wouldn't be something I would brag about!
"Thank you democrats for..."
ReplyDeletewhoohoo for blanket statements