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- The Democratic
Party controlled a majority in both chambers for the first time since
the end of the 103rd Congress in 1995.
- January 3rd,
2007 , the day the Democrats took over the Senate and 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 STRAIGHT MONTHS of JOB CREATION!
- Remember that
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 (especially
Barney ) 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 FIASCOES!
- (BTW: Bush
asked Congress 17
TIMES to stop Fannie & Freddie -starting in 2001 because it was
financially risky for the US economy). Barney blocked it and
called it
a "Chicken Little Philosophy" (and the sky did fall!)
- 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, especially BARNEY !!!!
- So when someone
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 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 is the Democratic Party.
- Furthermore,
the Democrats controlled the budget process for 2008 & 2009 as well
as 2010 & 2011.
Just sayin'
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Frank & Evvy
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