This message has been making the rounds of the Internet. While the original author is unknown, the timeline and the facts are accurate and easily verified.
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This is just a history lesson. I am sending it to all regardless of party. It is history and nothing can change it. All Americans should pass this on to everyone in their database. Both parties need to cut expenses, both parties have some blame, but this is truly what happened and Americans need to wake up and take our country back in 2012!!
REMEMBER JAN. 3, 2007
The day the Democrats took over was not January 22nd 2009, it was January 3rd 2007, the day the Democrats took over the House of Representatives and the Senate, the start of the 110th Congress. The Democratic Party gained 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. Bush should have vetoed every bill that came in front of his desk!
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.
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, 2009.”
There is no way this will be widely publicized unless each of us passes 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.”
Tags: Barney Frank, Chris Dodd, Fannie Mae, federal deficit, Freddie Mac, GDP, national debt
The Democrats have been a huge disaster, but the Republicans fail to make that case. They want to be collegial, and refuse to accuse their counterparts of incompetance, to say nothing of malfeasance. It is a truism that the Republicans are the Stupid Party, and the Democrats are the evil Party. The Republicans are too stupid to make that case, however. They save their most cutting attacks for fellow Republicans.
@ Iron Fist:
Case in point, Ruth Bader Ginsberg attacks the Constitution as outdated and too old for Egypt to model their new government on:
Of course, the Egyptians would prefer an older model, that of Mohammed and the Shari’ia, but Ginsberg doesn’t seem to want to criticize that. The Democrats are unfit, but the Republicans fail to capitalize on that. It really is as though they aren’t concerned with winning, only keeping the game going.
@ Iron Fist:
South Africa
A judicial activist’s wet dream.
@ Bumr50:
Ginsberg is a real piece of work. One of the reasons I hope that we get Obama out of office is that Larry, Moe, or Curly could make better judicial appointments than he would. I don’t like Romney, but he would be better (at least on this issue) than Obama.
@ Iron Fist:
You’ll have to forgive me, I’m one of those mouth-breathing clingers, but isn’t her duty to uphold the Constitution? If she’s morally conflicted about that, she should resign.
OTHO, if she did the right thing, she wouldn’t be able to subvert it from within, sigh..
@ citizen_q:
If we’d had 40 good, solid conservative Senators, Ginsberg would have never been allowed to take office. As it was, she got something like 93 votes. It wasn’t even close.
@ Iron Fist:
Her and the “wise latina”.
I posted this exact thread here on Jan. 30th…
http://www.theblogmocracy.com/2011/12/30/remember-january-3rd-2007-i-do-and-you-should-too/
@ citizen_q:
Just imagine what sort of quota choice Obama might come up with to replace her.
Good thing he doesn’t know an America-hating black female lawyer who needs a job…
@ lobo91:
Valerie Jarrett for SCOTUS? It really wouldn’t surprise me. I bet she’d get through the current Senate, though I hope that will change in November’s election even if Romney crashes and burns.
Iron Fist wrote:
I was thinking of Moochelle, but yeah, that’s another option.
@ lobo91:
Justice Jackson-Lee!!
Objection!!!
///
OT but don’t say I didn’t warn you. I’ve been watching the Baltic Dry slide for awhile now and the inevitable has happened.
Shipping Rates Go Negative
Many shipping companies have taken loans from Greek banks -- if they default on those loans………………..
@ eaglesoars:
Well that’s troubling.
That a-rab spring is a flowering!
CAIRO (AP) — Ignoring a stern U.S. threat, Egypt on Sunday referred 43 NGO workers, including 19 Americans, to trial before a criminal court for allegedly using illegal foreign funds to foment unrest.
citizen_q wrote:
Yes indeed and the flower seems to be an alien carnivorous species.
lobo91 wrote:
Seems to met that would be a target rich environment for him. Maybe they are so far out there, that after van jones he is being more careful.
@ citizen_q:
Watch Russia. Closely. They recently cut off some gas to Europe after the EU started making noises about Syria. The blamed it on illegal siphoning by Ukraine, but we saw that song and dance about 3 yrs ago.
Egypt is out of money. They have to purchase 50% of their total caloric intake. Putin is going to be their new ATM
Wow. Somebody on Chris Plante’s radio show is going on a rant about the Catholic church. He has no sympathy now for them because they compromised. Why is Nancy Pelosi still in good standing? Why did they agree to cover the cross in two leading Catholic universities when Obama came to speak? (Geotwn & Notre Dame?)
wow
Bob in Breckenridge wrote:
Awesome
eaglesoars wrote:
I was aware of the food situation. Had not thought about Russia’s interest. Wonder what’s in it for them? Something to with the Suez Canal? Only thing I know that egypt has going for it is tourism and the mo-bro-hood and salafists (are they really 2 different groups?) is putting the coup-d-gras on that.
citizen_q wrote:
A weakened U.S. Sometimes things really are just that simple.
@ Bob in Breckenridge:
Yeah, and it turned into a thread about how crappy Bush was. Maybe this time we can remember the real enemy here.
@ eaglesoars:
We stop the jizja, we will have that much more to spend on green energy. Surely the energy independence we will gain from that will more than be offset egypt as an ally. / / / /
eaglesoars wrote:
Starving would-be jihadists might make a cheap labor source for outsourcing mischief…
lobo91 wrote:
I did see a report that some Libyans were in Syria fighting with the anti-Assad forces.
Obama is getting away with the meme that all of our troubles
are due to Republican obstructionism.
The message is that if the evil Republicans would just
cooperate life would be all rainbows & unicorns.
The people that buy in still expect Obama money.
m wrote:
You must mean Mitt Romney.
@ Bob in Breckenridge:
LOL! well………………
Bob in Breckenridge wrote:
Heh.
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