Sunday, August 5, 2012

Obama: Something to ponder


Subject: Obama: Something to ponder


William Steiner - Speaking of the mess Obama "inherited"!

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.

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:

1. The DOW Jones closed at 12,621.77

2. 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 the US economy. And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA did!!!  And who fought against reform of Fannie and Freddie? OBAMA did along with the Democratic 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 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 sends it on!

2 comments:

Anonymous said...

O does not control the money supply.
Growth happens when banks lend and contractions happen when they don't.

If we've learned anything...for those of us that have learned. The Prez cannot control the economy so to be angry about broken promises over the economy is just pure ignorance.

The more a prez does not do what they want, the more the People who elected him will suffer.

If he gives them what they want, the people are given 'false prosperity'.

Now pass that on.

When Bush was prez, he gave them what they wanted an you were able to get some digits in your bank account and 'appear rich'.

The worse it gets, the more some of us know the Prez is not giving them what they want.

They are being exposed.

Know how many people have had their buy or sell orders robbed before they were executed by the system?

Were you paying attention.
When a buy or sell order comes in..someone is getting a piece of the pie before (I did say before) the real party doing the buying or selling can get it.

The seller sells for a price, it's purchased at that price by the intermediate and sold at a higher price.

The seller thinks it sold at the highest price, the buyer thinks it sold at the lowest price, but someone in the middle was making a little change off the transaction.

Do multi million transactions 365 days and even a penny per transaction will make someone rich in no time.

One of many thefts.

Until people realize his hand are tied, they need to stop voting.

Even Gore Vidal (rest his soul) wrote a book about the American Presidency and said they only thing they control is foreign policy, but looking at how bankers can create the conflict would or could mean the prez is forced into the conflict when the people demand action.

We are the puppets, too.

Anonymous said...

Re: 4:58 P.M.
Your defending obummer and attacking bush-shit on the same policies. That could mean you have a problem with reality or maybe your just a nut. Either way you are voicing a contradiction.