January 3rd 2007, a date which will live in financial infamy, was the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.
The Democratic Party finally controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
On this day, January 3rd, 2007, the day the Democrats took over the Senate and the Congress:
- The DOW Jones closed at 12,621.77
- Gas was $1.86 per gallon
- 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! (But everything is Bush’s fault even today 3 Nov, 2012)
Now comes the good part boys and girls, the part the Main Stream Media doesn’t want to talk about.
This was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
These two financial geniuses (read that incompetent crooks), were the main players in the implosion of 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). Barney blocked it and called it a “Chicken Little Philosophy” (and the sky did fall!)
THANK YOU DEMOCRATS (especially Barney) for taking us from 13,000 DOW, 3.5 GDP and 4.6% 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!
Who fought against reforming Fannie and Freddie?
OBAMA and the Democrats, especially BARNEY!
Who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac?
Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.
Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions one after another, to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget.
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 sends it on!
“The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living.”
Next Tuesday 6 November 2012, is Election Day, and as mind boggling as it seems, there are still people out there who will vote for this phony and still think he is the greatest thing since sliced bread.
If anyone out there across the fruited plain still thinks this piece of DREK is so brilliant that they are better off today than they were 4 years ago, you have your head stuck in the wrong orifice.
There are reports coming in from all over the country that voting machines are spitting out votes for Obama even when they were punched for Romney, and in Huston Texas the NAACP were not only within 100 feet of a polling place, but actually inside the polling place wearing NAACP shirts and caps supposedly passing out bottles of water and escorting people to the head of the line in front of voters who were already in line waiting to vote, and when complaints were made nothing was done.
You bastards don’t know what honesty is.
Our fearless leader is not brilliant enough yet to figure out that you can’t just print money with nothing to back it up, but when he no longer has the goodies to pass out to the lazy slobs that don’t want to work for a living, and they come pounding on his door yelling, “where is my free SH*T?“, then he will see it loud and clear.
WAKE UP AMERICA!!!
November 3, 2012.
~ The Author ~
Aaron Cantor USAF (ret) Born: 19NOYDB Hometown: Planet earth (for the moment) Current residence: Las Vegas, NV. Marital status: Zilch (divorced with lots of grandkids and greatgrandkids’ Favorite weapons: A spatula, a #1 iron, and a corkscrew (not particularly in that order).