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Do You Remember January 3, 2007 – Five Years On?

by 1389AD ( 33 Comments › )
Filed under Barack Obama, Economy, George W. Bush, Progressives, Regulation, unemployment at February 6th, 2012 - 8:30 am

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.
Please email, tweet, post on Facebook or on your own blog!

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.”


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33 Responses to “Do You Remember January 3, 2007 – Five Years On?”
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  1. 1 | February 6, 2012 8:34 am

    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.


  2. 2 | February 6, 2012 8:40 am

    @ Iron Fist:

    Case in point, Ruth Bader Ginsberg attacks the Constitution as outdated and too old for Egypt to model their new government on:

    Supreme Court Justice Ruth Bader Ginsburg has caused a storm of controversy by saying in a television interview that the people of Egypt should not look to the United States Constitution when drafting their own governing document because it’s too old and there are newer examples from which to draw inspiration.

    “I would not look to the U.S. Constitution if I were drafting a constitution in the year 2012,” Ginsburg said in the interview, which aired on Jan. 30 on Al-Hayat TV.

    Her comments have stunned writers across the conservative blogosphere, though many major media outlets have not given much attention to it.

    In the interview, she argued that the United States has the “oldest written constitution still in force in the world,” so instead “you should certainly be aided by all the constitution-writing that has gone one since the end of World War II.”

    “I might look at the constitution of South Africa,” Ginsburg said. “That was a deliberate attempt to have a fundamental instrument of government that embraced basic human rights, had an independent judiciary.”

    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.


  3. Bumr50
    3 | February 6, 2012 9:04 am

    @ Iron Fist:

    South Africa

    The judgments of the court are based on the constitution, which is the supreme law of the land. They guarantee the basic rights and freedoms of all persons. They are binding on all organs of government, including the parliament, the presidency, the police force, the army, the public service and all courts. This means that the court has the power to declare an Act of Parliament null and void if it conflicts with the constitution and to control executive action in the same way.

    When interpreting the Constitution, the court is required to consider international human rights law and may consider the law of other democratic countries. The Constitutional Court is the highest court in the land for all constitutional matters, while the Supreme Court of Appeal is the highest court for all matters which do not involve the interpretation of the constitution. The Constitutional Court has final authority to determine which matters are constitutional matters and which are not.

    —————————-

    When interpreting the Constitution, the court is required to consider international human rights law and may consider the law of other democratic countries.

    A judicial activist’s wet dream.


  4. 4 | February 6, 2012 9:07 am

    @ 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.


  5. citizen_q
    5 | February 6, 2012 9:50 am

    @ 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..


  6. 6 | February 6, 2012 9:53 am

    @ 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.


  7. citizen_q
    7 | February 6, 2012 9:56 am

    @ Iron Fist:
    Her and the “wise latina”.


  8. Bob in Breckenridge
    8 | February 6, 2012 9:57 am

    I posted this exact thread here on Jan. 30th…


  9. lobo91
    10 | February 6, 2012 10:00 am

    @ 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…


  10. 11 | February 6, 2012 10:03 am

    @ 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.


  11. lobo91
    12 | February 6, 2012 10:06 am

    Iron Fist wrote:

    @ 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.

    I was thinking of Moochelle, but yeah, that’s another option.


  12. Bumr50
    13 | February 6, 2012 10:15 am

    @ lobo91:

    Justice Jackson-Lee!!

    Objection!!!

    ///


  13. eaglesoars
    14 | February 6, 2012 10:15 am

    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

    Following the endless collapse in the Baltic Dry, it was only a matter of time before the shipping industry one-upped the Chairsatan, and was the first to introduce, dum dum dum, negative rates. That’s right: you are now paid to hire a ship.

    GLENCORE HIRES SHIP AT MINUS $2,000 A DAY, GMI SAYS
    GMI TO CONTRIBUTE $2,000 A DAY TO GLENCORE’S FUEL COSTS
    GLOBAL MARITIME’S U.K. MD STEVE RODLEY CONFIRMS DEAL BY PHONE
    Why is this happening? Perhaps because ships have to be kept seaworthy and in motion or else they become scrappage in as little time as 3 months. Think sharks. Needless to say, this will play havoc with shipping company (and affiliated entities’) liquidity, as the biggest default wave in the history of the industry is about to be unleashed and tens if not hundreds of billions of European secured loans are about to be “impaired.”

    Many shipping companies have taken loans from Greek banks -- if they default on those loans………………..


  14. Bumr50
    15 | February 6, 2012 10:20 am

    @ eaglesoars:

    Well that’s troubling.


  15. 17 | February 6, 2012 10:30 am

    citizen_q wrote:

    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.

    Yes indeed and the flower seems to be an alien carnivorous species.


  16. citizen_q
    18 | February 6, 2012 10:33 am

    lobo91 wrote:

    Good thing he doesn’t know an America-hating black female lawyer who needs a job…

    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.


  17. eaglesoars
    19 | February 6, 2012 10:36 am

    @ 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


  18. eaglesoars
    20 | February 6, 2012 10:42 am

    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


  19. citizen_q
    22 | February 6, 2012 10:48 am

    eaglesoars wrote:

    They have to purchase 50% of their total caloric intake. Putin is going to be their new ATM

    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.


  20. eaglesoars
    23 | February 6, 2012 10:54 am

    citizen_q wrote:

    Wonder what’s in it for them?

    A weakened U.S. Sometimes things really are just that simple.


  21. m
    24 | February 6, 2012 10:55 am

    @ 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.


  22. citizen_q
    25 | February 6, 2012 10:57 am

    @ 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. / / / /


  23. lobo91
    26 | February 6, 2012 10:58 am

    eaglesoars wrote:

    citizen_q wrote:

    Wonder what’s in it for them?

    A weakened U.S. Sometimes things really are just that simple.

    Starving would-be jihadists might make a cheap labor source for outsourcing mischief…


  24. eaglesoars
    27 | February 6, 2012 11:03 am

    lobo91 wrote:

    Starving would-be jihadists might make a cheap labor source for outsourcing mischief…

    I did see a report that some Libyans were in Syria fighting with the anti-Assad forces.


  25. RIX
    28 | February 6, 2012 11:10 am

    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.


  26. Bob in Breckenridge
    29 | February 6, 2012 11:13 am

    m wrote:

    @ 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.

    You must mean Mitt Romney. :)


  27. m
    30 | February 6, 2012 11:25 am

    @ Bob in Breckenridge:

    LOL! well………………


  28. 31 | February 6, 2012 11:50 am

    Bob in Breckenridge wrote:

    m wrote:
    @ 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.
    You must mean Mitt Romney.

    Heh.


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