Read it slowly.......ObombA inherited the mess he vote for in the senate

Carl Spitzer Winblows at LAVABIT.COM
Mon Sep 10 10:09:01 MDT 2012


-------- Forwarded Message --------
From: fbarwood 


                        The Mess and  how Obama inherited it - read it
                        slowly and let it sink... 
                        
                                
                                 This tells the whole story, why Bush
                                was so bad at the  end of his term. 
                                Don't just  skim over this, it's not
                                long, but read it slowly and let it sink
                                in. 
                                If in  doubt, check it out! 
                                
                                The day  the democrats took over was not
                                January 22nd 2009, 
                                it was actually January 3rd  2007, the
                                day 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: 
                                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
                                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 
                                And who  fought against reform of Fannie
                                and Freddie? 
                                OBAMA and the Democrat 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, 2008
                                

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