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 Democrat 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 Bushs Fault, think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time: The DOW Jones closed at 12,621.77 The GDP for the previous quarter was 3.5% The Unemployment rate was 4.6% George Bushs Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH. Remember the 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! 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! Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy. 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 So when someone tries to blame Bush... REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER! Budgets do not come from the White House. They come from Congress and the party that controlled Congress from January 2007 to January 2011 is the Democrat 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 budgets. 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. 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! So to summarize the last year Bush had input on govt spending was 2006 as the Dems took back Congress in the 2006 elections. THE INCOME TAXES COLLECTED IN 2007 FOR THE YEAR OF 2006 WAS THE LARGEST AMOUNT COLLECTED BY THIS GOVERNMENT IN OUR HISTORY AS WE THE PEOPLE EARNED A RECORD AMOUNT OF INCOME FOR THAT YEAR WITH THE BUSH TAX CUTS IN PLACE!!! That amount was nearly enough to balance the 2006 budget since Bush grew the economy instead of taxing the people. In short the Reps fix fiscal problems by allowing the people to grow the economy and the Dems tax the people discouraging economic growth which leads to a weak economy and finally stagflation. Give it time…………
Posted on: Fri, 23 Jan 2015 23:22:53 +0000
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