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Uncle Bill
12-16-2011, 02:06 PM
Especially if you're inclined to be a Bush basher. You may want to check your 'facts' before your "broad brush" what your opinion is that lead up to the current Regime's takeover. You'll never get any of this from the MSP.

UB




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.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.




"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."

Down East Labs 217
12-16-2011, 04:25 PM
All this may be very true, however, you will never convince the liberals that they are at fault by confusing the issue with facts. It goes against every GW bashing thought they have.

After all, you can't blame Nancy Obama, or Barney Reid. They saved us all from GW.

Richard

Franco
12-16-2011, 04:36 PM
Of course the housing fiasco had nothing to do with legislation written in 2000 deregulating Credit Default Swaps and removed from SEC oversight by Phil Gramm (R) at the urging of Fed Chairman Alan Greenspan! Phil Gramm may have had all good intentions with his bill but, Wall St found a way to use it to package toxtic loans and sell to investors like AIG. Add the fact that the Fed Reserve artificially kept interest rates at historic lows and the perfect storm was created. Indictments came down yesterday for six Fannie execs who were cooking the books and hiding the information from Congress. The indictments did not include Fannie head, Franklin Raines though he may be next.

charly_t
12-16-2011, 07:20 PM
"Too many cooks spoil the broth". cooks=politicians is this case.