Pass It On....
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 correct facts.
Remember that on October 9, 2007, 11 months before our "economic crisis" occurred (that was actually created), the Dow hit it's 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%.
Things were already being put in place to create the havoc we've been experiencing since then. It all started as this email explains, on January 3, 2007.
I'm sending this to each of you reguardless 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 and Senate. The very start of the 110th Congress.
For those who are listening to the liberals saying that everything is "Bush's Fault", Think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. (The Democrats Controlled Congress and The Senate for the entire last 2 years of Bush's final term.)
At the time:
The DOW Jones closed at 12,621.77
GDP for the previous quarter was 3.5%
Unemployment 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 & 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 withGeorge Bush, which caused them to compromise on spending, when Bush got 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 Obama could take office. At that time, they passed a massive omnibus bill as President to complete 2009.
And where was Barack Obama during this time? He was a member of that very Congress that passed all or 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.
If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is "I inherited a defecit 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!
PLEASE DO YOUR PART!!!