To those of you who may not have made up your minds (or paid close attention to recent history) about our upcoming election, you need to be reminded of who REALLY caused the financial crisis that BO likes to claim he "inherited" , and for God's sake, make an informed decision on Nov.6!





Remember that on October 9, 2007, 11 months before our “economiccrisis” occurred (that was actually created), the Dow hit its highestpoint 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.
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 letit 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 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, 2007was 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 in2001 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 toughon 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 amassive 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 hesigned 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 !!!

 copy and paste to an email, put it on facebook.

Views: 23

Comment

You need to be a member of First Coast Tea Party to add comments!

Join First Coast Tea Party

National Debt Clock

  

The First CoastTea Party is a non-profit organization. We have no deep-pocketed special interest funding our efforts.

You may contact us at:

First Coast Tea Party
1205 Salt Creek Island Dr
Ponte Vedra, FL 32082
904-392-7475

Helpful Links

Blog Posts

RYAN NICHOLS - Hardened Criminal?? Seriously??

If you're not already aware. This is what's going on in DC while dangerous criminals are allowed back out on the streets.  It's horrifying that this is happening to our citizens and veterans for protesting the hijacking of our election process. This is still happening! They are STILL being tortured and treated like full on terrorists. 

You may not be aware of the typical things they're forced to go through...…

Continue

Posted by Babs Jordan on August 14, 2022 at 8:44am

© 2024   Created by LeadershipCouncil.   Powered by

Badges  |  Report an Issue  |  Terms of Service