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Edited on Fri Nov-18-11 06:08 PM by krispos42
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 Democratic 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, 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!
And he was in office for 96 months, so he had 44 months of job loss. Well, once you're at the bottom, there's no place to go but up! Instead, ask a question: did his "job creation" keep up with population growth?
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!)
So you admit the problem pre-dated Frank and Dodd? How generous. In fact, you admit that Frank and Dodd were in power during on a small fraction of the total time Bush was supposedly asking for the problem to be fixed. Okay, then, you're blaming Frank and Dodd for continuing strategies approved by the Republican Congress from 1995-2007. So.... at what point do you blame the people that a) conceived and implemented the laws and policies that created the problem and b) were in charge the bulk of the time the problem was fermenting.
Also, why weren't you complaining all during the Bush Administration?
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA!
Who was taking the payoff prior to 2008?
And who fought against reform of Fannie and Freddie?
And who was taking the payoffs prior to 2006?
OBAMA and the Democrat Congress, especially BARNEY!!!!
Corporatist politicians, 99% of the Republicans and 40% of the Democrats
So when someone tries to blame Bush...
REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Once again, somehow the repeal of financial regulations in the late 90's by Republicans and pro-corporate Dems magically vanishes into the memory hole.
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.
Yeah, because I remember how the Republicans went limp and flaccid in 2007, bonelessly kowtowing to the Democratic majority on every issue.
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.
That is true. However, since the President has to sign the budgets (unless you can over-ride a veto) then the President does have power over the budget. Furthermore, the budget of this year is ALWAYS influenced by the budgets, policies, and actions of last year, the year before, and sometimes even decades before.
Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
Again, how resolutely Republicans refuse to acknowledge that the Republican minority in the Senate RELENTLESSLY filibustered legislation, with the result that the budgets represented REPUBLICAN ideals far more than DEMOCRATIC ideals.
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.
And a bare majority in the Senate, with Republicans filibustering. Again, memory hole.
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.
Yeah, that seems to be a chronic problem with Congress regardless of which party is in control. Pretending it is exclusive to Dems is very selective indeed.
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.
And WOW, look at that... the economy declined. Almost as if, like in Texas, they passed the costs onto the next Congress.
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.
Yeah, because he didn't inherit any other expensive things like two wars and a massive, unpaid entitlement called Medicare Part D.
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!
"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."
False. Only abut 55% of the population votes in a given year, about the same as the employed. No, the problem we face today is that Republican policies still rule.
Where to start? Help!
KILL REPUBLICAN POLICIES
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