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 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 2 days later. Unemployment was steady at 4.7%. But things were already being put in place to create the havoc we’ve all beenexperiencing since then. And it all started, as this email explains, on January 3, 2007. –LFL
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 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.

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.
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.

__________________
When they discover the center of the universe, a lot of people are going to be disappointed they are not it.

Got this in abn email from one of my friends.

__________________
When they discover the center of the universe, a lot of people are going to be disappointed they are not it.

Wow, Someones hat is on too tight.

__________________
Truth, Justice and the American way

Here is a reminder to really refresh your thinking:
http://zfacts.com/p/57.html

__________________
Anyway, no drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power.

What a wonderful graph for Democrat hyperpartisans uninterested in the facts. The 8 years of the Reagan administration are charted on an annual basis then the 12 years under the Bushes are combined to produce a ski slope line. Of course Obama's contribution to the national debt exceeding that of Reagan and the Bushes combined in 1/5 of the time is ignored thanks to his incompetence in getting a budget passed.

Now then, would you care to address the subject being addressed in the OP or would you prefer to avoid the fact that it was the Dem. contolled Congress that was the tipping point in the economy collapsing? Instead of trying to divert the conversation away from this subject, how about you actually address it.

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Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

Leftists and very small children don't seem to be able to understand that the Government isn't there to "fix" the economy, anymore than a tick is there to fix your dog.~Oftencold

wikki tells a different story than your wistful fairy tale:
Debt held by the public relative to GDP rose rapidly again in the 1980s. President Ronald Reagan's economic policies lowered tax rates and increased military spending, while congressional Democrats blocked attempts to reverse spending on social programs.[14][15] As a result, debt as a share of GDP increased from 26.2% in 1980 to 40.9% in 1988, and continued to rise during the presidency of George H. W. Bush, reaching 48.3% of GDP in 1992.[12][16]

__________________
Anyway, no drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power.

the op is about how obama's tenure has put us in a pickle. my posts are to prove that false. that's how debate works.

__________________
Anyway, no drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power.

Tipping point? How about something besides simplistic partisan rhetoric

How about reduced income from tax cuts combined with 2 unfunded wars and increased spending for post-911 national security - none of which were funded by increased revenue.

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DISCLAIMER: Extreme amounts of sarcasm can possibly result in inflammatory situations. Not responsible for keyboard violence, spittle on the monitor, irrational responses mistaken for momentary brilliance, one-sided rages against hypocrisy or individual members or unintended consequences such as poor personal hygiene and bad spelling. Please fasten your seatbelts and put your trays in an upright position.

Your post did nothing of the sort. All it did was try to blame-shift, instead of addressing any points.

__________________
Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

Leftists and very small children don't seem to be able to understand that the Government isn't there to "fix" the economy, anymore than a tick is there to fix your dog.~Oftencold