DO YOU REMEMBER JANUARY 3, 2007?

DO YOU  REMEMBER JANUARY 3,  2007?

Forward of email received.  Must read for Democrats and Republicans alike!!!
”I’ve  been saying this for years, but this email probably  explains it better and more clearly.  This is  NOT a political message, but rather a clarification  to remind us all of the correct  facts.”

Remember that on October 9, 2007, 11  months before our “economic  crisis”  occurred (that was actually created), the Dow hit  its highest point ever, closing at 14,164.53 and  reaching 14,198.10 intra-day level 2 days  later.  Unemployment was steady at 4.7%.   But things were already being put in place to create  the havoc we’ve  all been experiencing since then.  And it all  started, as this email explains, on January  3,  2007.

I’m  sending this to each of you regardless of your party  preferences because I believe it is something you  may not have considered.
This tells the  story, why Bush was so “bad”  at the end of his term.
Don’t just skim  over this, it’s not very long, 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, which was the day 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 “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  FreddieMac?  OBAMA.   And who fought against reform of Fannie and  Freddie?  OBAMA and 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  Democratic 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!
PLEASE  DO YOUR PART !!!

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