Pages

Digital clock

Total Pageviews

Sunday, March 18, 2012

32nd Rant: The truth about our economic mess

I had found this on Facebook, and it is so true. The Democrats like to claim that it is “Bush’s fault” we are in this mess, but is it really? Read this and then decide.

 

READ THIS THOROUGHLY AND SHARE....
IT WILL EXPLAIN A LOT TO THE UNIFORMED
{It won't matter at all to the leftists because they will refuse to see,
but what else is new...)
• Our Economic Mess and How Obama "inherited" it.
IN CASE YOU HAVE FORGOTTEN THE DETAILS
Or Why the Democrats find it so "convenient to blame Bush...
Don't just skim over this, 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 is the day the Democrats took over the House of Representatives and the Senate ---the beginning of the 110th Congress.
On JANUARY 3, 2007, 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:
On January 3, 2007, 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 had SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...
January 3, 2007 was the day that BARNEY FRANK TOOK OVER THE HOUSE FINANCIAL SERVICES COMMITTEE AND CHRIS DODD TOOK CONTROL OF THE SENATE BANKING COMMITTEE
The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
THE SENATE BANKING COMMITTEE and the HOUSE FINANCIAL SERVICES COMMITTEE set up the banking and unemployment crisis by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from the Fannie Mae and Freddie Mac fiasco!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - beginning in 2001 -because he knew the Fannie Mae/Freddie Mac boondoggle was a grave risk to the US economy.
Who collected the 3rd highest payoff (lobbying dollars/campaign contributions) from Freddie and Fannie? OBAMA
Who fought against reform of Fannie and Freddie? OBAMA and the Democrats in Congress, especially those in tcharge of the Banking and Financial Services Committees
So when someone tries to blame Bush..
REMEMBER JANUARY 3rd, 2007....
THE DAY THE DEMOCRATS TOOK OVER!"
FURTHERMORE:
Budgets do not come from the White House. They come from Congress. The Democrats controlled the budget process in 2008 & 2009, as well as 2010 &2011, because they control the House of Representatives.
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.
In 2008 however, Nancy Pelosi & Harry Reid did an end run around George Bush, and passed continuing resolutions to keep the 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 in 2009.
• If the Democrats inherited a deficit, it was the 2007 deficit -- which was the last budget from a Republican-controlled Congress. That deficit was the lowest in five years, and featured the fourth straight decline in deficit spending. After 2007, the Democrats in Congress took control of spending, including Barack Obama, who voted for those succeeding 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 helped create.
This will not be widely publicized, unless each of us shares it!
(Even then many will not understand or will CHOOSE not to understand) But we must try to explain to those who will actually listen. Please share.

This work is licensed under a Creative Commons license.