**
New post on *Fellowship of the Minds*
<http://fellowshipofminds.wordpress.com/author/catscanner150/>
43722<http://fellowshipofminds.wordpress.com/2011/12/22/43722/>by
catscanner150 <http://fellowshipofminds.wordpress.com/author/catscanner150/>
* *
*Remember January 3, 2007
*
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 <http://www.democrats.org/> controlled a majority in both
chambers for the first time since the end of the 103rd
Congress<http://en.wikipedia.org/wiki/103rd_United_States_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 <http://www.huffingtonpost.com/news/barney-frank> took
over the House Financial Services
Committee<http://en.wikipedia.org/wiki/United_States_House_Committee_on_Financial_Services>and
Chris
Dodd <http://dodd.senate.gov/> took over the Senate Banking
Committee<http://en.wikipedia.org/wiki/United_States_Senate_Committee_on_Banking%2C_Housing%2C_and_Urban_Affairs>
. 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<http://www.fanniemae.com/>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. For 2009 though, Nancy Pelosi & Harry Reid
bypassed George Bush entirely, passing continuing resolutions to keep
government running until Barack
Obama<http://www.answers.com/topic/barack-obama#Gale_Contemporary_Black_Biography_d>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! "The problems we face today exist because the
people who work for a living are outnumbered by those who vote for a
living." *H/T GrouchyFogie* *Tom in NC*
*catscanner150<http://fellowshipofminds.wordpress.com/author/catscanner150/>
* | December 22, 2011 at 12:43 pm | Categories:
Uncategorized<http://fellowshipofminds.wordpress.com/?cat=1>| URL:
http://wp.me/sKuKY-43722
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