This came across GA's Email... thought it worth posting.
Many receiving this don't like G. W. Bush, and will declare that it's wrong! But this is a History lesson, so I'm sending it to all, regardless of party. And, I bet I know who won't read it -- those afraid of the truth. But it is history, and nothing we do can change the facts listed here!!
The day the Democrats took over was NOT January 20, 2009, it was actually January 3, 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 liberals propagating the fallacy that everything is "Bush's Fault", think about this:
On January 3, 2007, the day the Democrats took control of Congress:
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 had SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION! Remember that day...?
January 3rd, 2007 was the day 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 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! (BTW: 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" (but... the sky did fall!) And who took the THIRD highest pay-off 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 in the car, but the Democrats were in charge of the gas pedal and steering wheel while they were driving the economy into the ditch. Budgets are not passed in the White House. They are passed by 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. Obama has now gone 1,000 days without a budget, and is still blaming it on the Republicans! In that first year, Congress had to contend with George Bush, which caused them to compromise on spending when Bush, somewhat belatedly, got tough on spending increases.
For FY 2009 though, Nancy Pelosi & Harry Reid bypassed Lame Duck President 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 budget. And where was Barack Obama during this time? He was a member of that very Congress that passed all of those 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 Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself and a Democratic Congress.
In a nutshell, what Obama is saying is: "I inherited a deficit that I voted for, and then I expanded that deficit four-fold since January 20th 2009."
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."