Obama inherited a fiscal fiasco created by Democrats in Congress and himself, not
George W. Bush!

©2012 DiskBooks Electronic Publishing -- Move down to blog masthead and hot AntiObama Links

80 reasons why no conservative patriot should vote for Obama in November 2012

Our Position on Global Warming and Clean/Green Energy -- Tea Party Home Page

Keep Obama Off 2012 Ballot

Index of all posts

Drawbridge's Posts Concerning Obama's Alleged Criminal Activities

AntiObama Library of Must Reads

This post tells the true story of why Bush looked so fiscally clueless at the end of his term.

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 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 W. Bush's economic policies set a record of 52 straight months of job growth

  • 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 the Banking and Financial Services sector of the economy!

  • Add to this crisis dumping over $5 trillion dollars of toxic loans on the economy from the Fannie Mae and Freddie Mac fiascoes!

  • Bush asked Congress 17 times to stop Fannie Mae and Freddie Mac, 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 Mae and Freddie Mac? Obama and the Democrat Congress with Barney Frank screaming incoherently, with spittle flying from his mouth:

  • "The people must have affordable housing."

  • So when someone tries to blame Bush, remember January 3, 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 and 2009, as well as 2010 and 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 and 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 spending bill to complete the 2009 budgets .

And where was 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 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 2009.

This may be one of the only places you can find the truth of the fiscal fiasco Obama "inherited" when he became President.

Never again!










Keep Obama Off 2012 Ballot
G. Edwin Lint, BS, ThB, MA, -- Editor
Index of all posts
Dear President Obama, Click for Powerful Video From We the People ..
This blog provides conservative information on political, spiritual, economic, and social issues.
Jesus said: What you have said in the dark will be heard in the daylight, and what you have whispered in the ear in the inner rooms will be proclaimed from the roofs. Luke 12:3
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land. 2 Chronicles 7:14 (NIV)
All that is necessary for the triumph of evil is for good men to do nothing. --Edmund Burke 1729-1797
The only people who don't want to disclose the truth are people with something to hide. --B. H. Obama, 8/21/2010

AntiObama Library of Must Reads

Drawbridge's Posts Concerning Obama's Alleged Criminal Activities

Hot AntiObama Links:
Obama Congressional investigation; contact your Governor, Senators, and Representative
Obama and his profligate Government Gone Wild

Obama is educated beyond his intelligence

Obama Error: a new book
Obama Story: from Fetus to Forger

Obama: how the forgery was done
Obama: Is he a narcissist or merely narcissistic?
Obama and forger: Google found 24 million posts
Obama needs to talk to the FBI
Obama was born in Kenya and here's the proof
Here's our race card: Herman Cain for President