Post by Too_Many_Tools
Considering that the Tea Party
Got this in my email today, thought I'd pass it on.
SOMETHING TO THINK ABOUT BEFORE YOU VOTE...
Some people have short memories..
DO YOU REMEMBER JANUARY 3, 2007?
This is NOT a political message, but rather a clarification to remind us all
of the correct 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. Unemployment
was holding 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.
I'm sending this to each of you regardless of your party preferences because
I believe it is something you may not have considered.
This tells the story, why Bush was so "bad" at the end of his term.
Don't just skim over this, it's not very long, 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, 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
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
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
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
PLEASE DO YOUR PART !!!
In God We Trust