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Friday, May 11, 2012

Why Bush Was So Bad

Regardless of your political persuasion, you need to read this. What you do with the information is up to you. This tells the story of 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 3, 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 MONTHS of JOB GROWTH 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! 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 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 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 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 by passed 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.


Anonymous said...

This is all a mute point because in less than 5 years the interest on the National debt will cost more than Medicare & Medicaid combined. The American way of life and our past standard of living will be destroyed from within very shortly because of politicians from both parties.
In God We Trust.

Anonymous said...

Nice try.

Any specific legislation showing a direct impact? No? Just a bunch of smoke and mirrors huh.

Try this on for size. Job growth under Bush was extremely weak when compared to his predecessors. And this was during an economic boom. BTW, guess what spurred that boom. HOUSING. The same housing run up that you guys blame on "socialist policies". So you can't even take credit for the jobs by your own logic. Bush started off with one recession and ended with a recession of global proportions.

Guess what also went up over those Bush years. Corporate profits. We've seen corporations and high earners, you know, the "job creaters", rake in huge profits under tax rates at historic lows. The job market should be booming according to you guys.

Not to mention the explosion of the deficit is largely due to two wars, one of which was extrememly unnecessary, tax cuts that failed to create huge volumes of jobs, and a recession that you guys keep trying to wiggle away from.

Anonymous said...

Bush isn't president but when he was the economy was record breaking until democrats took control of congress and the rest is history.

Anonymous said...

Obviously the Socialist Democrats like Cook and Ireton are destroying America.
Obama is a FRAUD.

Nobama 2012