September 09, 2012

No more revisionist history.

Carolynr wrote: 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
For those who are listening to the liberals propa-
gating the fallacy that everything is "Bush’s Fault”,
think about this: January 3rd, 2007 was the day the Demo-
crats 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
Bush’s 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 Finan-
cial 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?
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.
CRATS TOOK OVER!” Budgets do not come from the White House.
They come from Congress and the party that controlled
Congress since January 2007 is the Democrat Party. Further-
more, 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.

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