Bush And The economy
An Interesting Perspective:
The day the Democrats took over was not January 22, 2009-- it was actually January 3, 2007, the day Democrats took over the House and Senate, the start of the 110th Congress.
The Democratic Party controlled a majority in both chambers the first time since the 103rd Congress in 1995.
"for those of you listening to the kool-aid drinking liberal fools propogating the fallacy that everything is Bush's fault". Think about this:
January 3rd was the day Democrats took over the Senate and Congress. At the time:
The Dow Jones closed at 12,621.77
The GDP fro the previous quarter was 3.5%
The unemployment rate was 4.6%
Bush's economic policies set a record of 52 MONTHS OF JOB CREATION
Remember the day January 3rd 2007:
Barney Frank took over the House Financial Services Committee
Chris Dodd took over the Senate Banking Committee
The economic meltdown that resulted happened 15 months later was in what part of the economy? Banking and Financial Services
Thank you Democrats for taking us from 12,000 Dow, 3.5% GDP AND 4.6% unemployment to this CRISIS. (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 and Freddie starting in 2001 because it was financially risky for the US economy).
And who took the third highest payoff from Fannie Mae and Freddie Mac?
And who fought against reform of Fannie and Freddie? OBONGOLO and the Democratic Congress did.
So when some a-hole tries to blame Bush, remember January 3rd 2007 the day Democrats took over.
Set the record straight on president Bush!
I'm anxiously awaiting Roger Perry and Dip Sticks reply.