Bob/PKB
I received the following email recently and found it interesting. I've not researched the information, but it DID come from a reliable source.
Subject: DO YOU REMEMBER JANUARY 3, 2007?
I’ve been saying this for years, but this email probably explains it better and more clearly. This is NOT a political message , but rather a clarification to remind us all of the facts.
Remember that on October 9, 2007, 11 months before our “economic crisis” occurred (that was actually created), the Dow hit its highest point ever, closing at 14,164.53 and reaching 14,198.10 intra-day level 2 days later.
Unemployment was steady at 4.7%. But things were already being put in place to create the havoc we’ve all been experiencing since then. And it all started, as this email explains, on January 3, 2007.
This tells the story, why Bush was so “bad” at the end of his term.
The day the Democrats took over was not January 22nd 2009; it was actually January 3rd 2007, which was 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 "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.
Just want you ALL to know it's not JUST the President who should be held responsible. You get to vote for Senators and Representatives, too. Make sure YOURS is doing his/her job.
3 Answers
Ann
In 2007 by a Democratic controlled house and senate, the democrats were responsible for half of the accumulated debt at the end of Bushs presidency..
The housing crisis was the fault of the Democrats, starting with Greenspan of the Federal Reserve. In 1999 President Clinton overturned the Glass-Stegall Act of 1933 and the result was the housing crash of 2008.
Obamas Administration has not had a buget in 3 1/2 years. That means they can spend as much as they want and that is why we are in the mess we are in.
Like it or not, we are going by the way of Greece.
| 12 years ago. Rating: 7 | |
That kept the previous years Budget in effect for another year every year for three years, that included an automatic 15% increase in SPENDING.
The Constitution requires the Federal Budget to be adopted by October we already know how Obama respects Constitution and his Oath to protect it and our National borders, do we not?
Vinny
None of this will register with the liberal that voted democrat across the board. none of it. When they don't understand something, it's either a lie of George W Bush's fault. There are some very smart democrats, its so unfortunate that the democrat party is not the same north to south, east to west, it's amazing that i can talk to friend in my home state of Ohio that are democrats and they have many of the same beliefs I have, they are 'blue dogs'.. here where I live in the state of CA, is a different democrat, they are leftist and this state is leftist, we are broke in CA, our schools are the worst in the country, our crime is at an all time high, unemployment is at 7.9 (probably closer to 14.7%) We have politicians digging in the pockets of people for more taxes and gasoline is at an all time high. A democrat controlled state. They just don't get it.. Even with this state as a model, they just don't understand. Back east, I begged them to look at their party from afar, I said please look at California your future is here if you would only look at it! I am living in it, I see it, they refuse to look at it because they have been trained to see only the surface. A young, black smiling big brother.. They don't see the evil within. -- However, watch and look at California for a look into the future of the USA. Its too late now, nothing we can do, we will have to ride it out. Perhaps when these 'cool' voters have kids and want to put them in school and keep them in the latest styles of clothes and food on the table they will look at these big taxes, look at how their money is being squandered for all the wrong reasons, see all the worthless people that won't work living off of their tax and probable breaking into their homes as well because liberal discipline and criminal justice is next to none! Here in ca they even stopped the program of a non violent criminal can not 'work off his/her crime with civil cleanup of highways, they say this is slavery.. Crap its going to get worse! I just pray that someday soon the bluedogs understand they are putting the wrong people in office, people with different views than their own.
| 12 years ago. Rating: 5 | |
The EPA just got a promotion by the reelection of Obama.
That means no new drilling for oil, looking for more Gas and shutting down coal mines.
Obama is hell-bent on destoying our country.
Colleen
