DO YOU REMEMBER JANUARY 3, 2007? We need to REMEMBER the facts, or LOOK THEM UP... be certain, they are accurate!
I don’t send this to insult your intelligence. I send it to ask for your help.
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 been experiencing since then. And it all started, as this email explains,on January 3,2007.
I'm sending this to each of you regardless of your party preferences because I believe it is something many of us may not have considered.
This tells the story of how we got into this economic crisis in the first place.
Please don't just skim over this, it's not very long, read it slowly and let it sink in. If still in doubt, check it out!!!
Facts stand up to research.
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 thethe 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!
Leading to this CRISIS was (among MANY other things) the dumping
5-6 TRILLION Dollars of toxic loans on the economy from Fannie Mae and Freddie Mac!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in
2001 because it was financially risky for the US economy.
Who fought against reform of Fannie and Freddie? The Democrat controlled Congress.
So when someone tries to blame Bush. REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Spending does not come from the White House. It comes from Congress and the party that controlled Congress beginning 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.
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 been experiencing since then. And it all started, as this email explains,on January 3,2007.
I'm sending this to each of you regardless of your party preferences because I believe it is something many of us may not have considered.
This tells the story of how we got into this economic crisis in the first place.
Please don't just skim over this, it's not very long, read it slowly and let it sink in. If still in doubt, check it out!!!
Facts stand up to research.
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 thethe 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!
Leading to this CRISIS was (among MANY other things) the dumping
5-6 TRILLION Dollars of toxic loans on the economy from Fannie Mae and Freddie Mac!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in
2001 because it was financially risky for the US economy.
Who fought against reform of Fannie and Freddie? The Democrat controlled Congress.
So when someone tries to blame Bush. REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER!"
Spending does not come from the White House. It comes from Congress and the party that controlled Congress beginning 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.
There is no way this will be widely publicized, unless each of us HELP PUBLISH THEM! AT LEAST CONSIDER DOING YOUR PART !!!
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.
There is no way this will be widely publicized, unless each of us HELP PUBLISH THEM! AT LEAST CONSIDER DOING YOUR PART !!!
h/t CN
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