Friday, September 21, 2012

A History Lesson Everyone Needs To Read



Subject: A History Lesson Everyone Needs To Read...................


 
PLEASE KEEP A COPY OF THIS – FOR 2012 ELECTIONS – THIS IS ACCURATE INFORMATION ON WHO & WHAT………….

It won’t hurt to pass this on to everyone on your email list………..

A HISTORY LESSON FOR ALL REGARDLESS OF PARTY AFFILIATION.......

*****The Democrats took over January 2, 2007 – not January 22, 2009*****
It was on this day – January 2, 2007 that the Democrats took over the House of Representatives and the Senate – at the very start of the 110th Congress.
The Democratic 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 “George Bush’s” fault, think about this:
January 3, 2007, the day the Democrats took over the Senate & the 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 - - - - - - - - - - -- - - - SET A RECORD OF 52 MONTHS of 
JOB CREATION! ! !
 Remember this day………..
On January 3, 2007 – This 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 took place 15 months later was in what part of the economy? 
IT WAS THE BANKING AND FINANCIAL SERVICES!
In the Democratic Party – it was Barney Frank that took us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment……to this ‘CRISIS’ & by (among other things) dumped 5-6 TRILLION Dollars of toxic loans into the economy from their FANNIE MAE and FREDDIE MAC fiascos!
George Bush asked Congress beginning in 2001 – (17 times) to stop Fannie & Freddie – beginning in 2001 – stating that it was financially risky for the US economy.  BARNEY BLOCKED it and called it a ‘CHICKEN LITTLE’ Philosophy” (And guess what the SKY did fall!).
Who took the THIRD highest pay-off from Fannie Mae & Freddie Mac?
                                       **OBAMA***
Who fought against reform of Fannie Mae & Freddie Mac?  OBAMA & the Democratic Congress ---------------especially BARNEY!
 So, when someone tries to blame George Bush………………………………..
REMEMBER JANUARY 3rd – 20007.
*****THIS WAS 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 do not come from the White House, they come from Congress and the party that controlled Congress since January 2007 was the Democratic Party. The Democrats controlled the budget process from 2008 to 2009….as well as 2010 and 2011.
 In that first year (2007), they had to contend with George Bush, which caused them to compromise on spending, when Bush – although belatedly, got tough on spending increases.
 In 2009, Nancy Pelosi & Harry Reid bypassed George Bush entirely- passing continuing resolutions to keep government running and to increase Government spending until Barack Obama could take office.  AT THAT TIME, they passed a massive omnibus spending bill to complete the 2009 budget.
 Keep this in mind – where was Barack Obama during this time?
He was a member of that very Congress that passed all of those massive spending bills – the very one he signed (The omnibus bill) as President to complete 2009.  Please remember – what the deficits looked like during that period………………He was a member of the United States Senate.  If the Democrats inherited any deficit – it was the 2007 deficit, the last of the Republican budgets.  This Republican deficit was the lowest in five (5) years, and the fourth straight decline in deficit spending.
After that – the Democrats in Congress took control of spending.  (This includes Barack Obama who voted for the Budgets.
 If Barack 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 2009".

THERE IS NO WAY THAT THIS WILL BE WIDELY PUBLICIZED UNLESS

EACH OF US SENDS IT ON!

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