Obama and the Democrats are primarily responsible for the financial fiasco we are in, not Bush and the Republicans

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Do you remember Election Day, 2006?

The day the Democrats took over Congress, and it's been all down hill since.

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.

On election day, 2006, Democrats gained 31 seats in the House, enough to take control, and Republicans became the minority party after 12 years of control.

The Senate election was part of the Democratic sweep of the 2006 elections, in which no Congressional or gubernatorial seat held by a Democrat was won by a Republican. Democratic candidates defeated six Republican incumbents: Rick Santorum (Pa.), Mike DeWine (Ohio), Lincoln Chafee (RI), Jim Talent (Mo.), Conrad Burns (Mont.), and George Allen (Va.).

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, the day the Democrats took over the Senate and the Congress.

Here is the world on that day:

  • 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 creation!

Remember that 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!

Thank You Democrats (especially Barney) for adding to this crisis by (among many other things) dumping $5-6 trillion of toxic loans on the economy from your Fannie Mae and Freddie Mac Fiascoes!

By the way, President Bush asked Congress 17 times to stop Fannie and Freddie, starting in 2001, because it was financially risky for the US economy.

  • Barney blocked it and called it a "Chicken Little Philosophy" (and the sky did fall!)

And who took the third highest payoff from Fannie Mae and Freddie Mac? Obama.

And who fought against reform of Fannie and Freddie?

Obama and the Democrat Congress, especially Barney!

So when someone tries to blame Bush...

Remember January 3rd, 2007.... The day the Democrats took over!

Bush may have been a passenger in the back seat, but the Democrats were in charge of the gas pedal and steering wheel and they were driving the US economy straight into the ditch.

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 budget.

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. Let's remember what the deficits looked like during that period.

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."

It's a shame that Barney Frank is planning to retire at the end of this year. It would have been so much fun to kick him out with Barry and the rest of the trash.

"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."

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