The Mess and how Obama
inherited it
One of the short comings
of many people, particularly the so called "kool aid" drinkers, is
their inability to seperate truth from propoganda. Since the first day that
Obama got elected we have heard the same tired phrase "we inherited this
mess from George W. Bush". Are you interested in knowing how the mess
really got inherited or would you prefer to keep sipping the Democrat Party
kool aid? It is your choice - but if you want the truth, then I dare you to
read on.
This tells the whole
story, why Bush was so bad at the end of his term.
Don't just skim over this, it's not long, but read it slowly and
let it sink in. If in doubt, check it out!
The day the democrats took over was not January 22nd 2009, it was
actually January 3rd 2007, the day 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 "Bush's 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 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 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 since January 2007 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.
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