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DO YOU REMEMBER JANUARY 3, 2007?

08 Oct
 
 

Isn’t this really something.
Some people have short memories..
DOYOU REMEMBER JANUARY 3, 2007?

Ive 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 weve all been experiencing since then. And
it all started, as this email explains,onJanuary 3,
2
007.

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 theUS economy.

And who took the THIRD highest pay-off from Fannie Mae AND FreddieMac?

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 causedthem to compromise

on spending, when Bush somewhat belatedly got toughon 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 shares it !
PLEASE DO YOUR PART !!!

 

 
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Posted by on October 8, 2012 in Business, Family, Goverment, News and politics, Organizations

 

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