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 CREATION!
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!!!
THANK YOU DEMOCRATS 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 FIASCOS! (BTW: 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
And who fought against reform of Fannie and Freddie???
OBAMA and the Democratic Congress
So when some a-hole 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 they were driving.
FW: Set the record straight on Bush
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, the start of the 110thCongress. The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
"For those of you who are listening to the kool-aid drinking liberal fools propagating the fallacy that everything is "Bush's Fault", think about this:
8/20/2010 11:55:00 AM
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Key Words:
BARACK OBAMA,
Barney Frank,
CONGRESS,
DEMOCRATS,
GEORGE W. BUSH,
REPUBLICANS,
SENATOR DODD
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This entry was posted on 8/20/2010 11:55:00 AM
and is filed under
BARACK OBAMA
,
Barney Frank
,
CONGRESS
,
DEMOCRATS
,
GEORGE W. BUSH
,
REPUBLICANS
,
SENATOR DODD
.
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6 comments:
"Remember January 3rd, 2007....The day the Democrats took over!"
And remember January 4, 2007, the day that the Republicans decided to block every single bill that crossed their path, thus insuring that nothing useful would get done.
The Republicans blocked more bills that year than had ever been blocked in any two-year Congress.
BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy
So you're saying that for 6 years of combined Republican control nothing was done. Nothing. Despite Republicans being in charge of Congress and Bush's pleading.
Fannie and Freddie didn't cause the crisis. The crisis was caused by unregulated derivatives trading, bought off rating companies which were paid to label junk bonds as good investments, and a blinding greed that consumed Wall Street. Fannie and Freddie got into the game because they felt they had to in order to stay competitive against their private sector competitors.
BTW, the Dow reached 14000 in 2008, while the Democrats were in power, so it hasn't been downhill the whole time. The Dow was also at 8000 the day Obama took over. Its now in the mid 10 thousands, reaching as high as 11000 sometimes.
Wait a minute, I forgot: everything bad = a Democrats fault. Everything good = credit a republican.
Both parties are pretty crappy, and I have a ton of issues with Democrats these days. But this is like eating junk food: a waste of time because there's nothing really factual with which to "nourish" oneself and make an informed decision.
Both parties are culpable and have participated in the handing over of the preponderance of wealth and power to the upper 3% of our population to the detriment of the rest of us.
That said, Bush did implement TARP (which Republics keep trying to blame on Obama), Bush did hide the costs of war and keep it out of his budgets (which Obama has at least kept in his budgets), and I agree about Fannie & Freddie: they engaged in bad practices but only bc they couldn't stay in the game initiated and perpertuated by other institutions without doing so.
To be redundant: I wish that Republics would offer constructive criticism, which is so sorely needed. But they don't. It's junk, junk, junk and lies all day long, which in no way contributes anything of value to the conversation.
http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/
From Rupert Murdoch's WSJ: W had one of the worst job creation records in history. The POTUS with one of the best job creation records recently is Democrat Bill Clinton.
BHO is doing a lousy job at creating jobs, but let's set the record straight on W: a crummy record, but IOKIYAR I guess. Republics just love rewriting history to make themselves look good... just like the commies in the Soviet Union used to do.
You want to defend Bush the Lesser?
Knock yourselves the fuck out.
Brought to by the same fools who tried to say that 9/11 happened when Clinton was President.
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