Remember January 3rd 2007

Had this sent to me and thought I'd share it with you fine folks. I DID NOT WRITE IT.

DO YOU REMEMBER JANUARY 3, 2007?

Your history lesson for today. Some people have short memories?..
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 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.

reply to post by AGWskeptic


Just wondering because I'm not too sure on this, but haven't the republicans been in control of the congress and senate since 2009/2010? This isn't an attack on your tread, just a simple question, lol.

reply to post by AGWskeptic

Just a note to self moment....... Bush was GIVEN the lowest budget, with a 200 Billion dollar SURPLUS when he took office after Clinton. Bush then systematical removed regulations on the Banking Industry and Wall Street, and then gave AWAY the Social Security money to the top 1% of the country in huge tax breaks. He left office with an overspending budget of 1.7 Trillion dollars. Obama has since decreased that overspending budget to 1.4 Trillion. Small potatoes to some people, but it is a start.

I would certainly enjoy links for proof of your claims of members of Congress completely steam rolling over Bush, for I bet that would be an interesting read.

Peace.

Originally posted by AGWskeptic

The Unemployment rate was 4.6%

You're using the "cookbook" numbers. Actual numbers from the last decade (as well as 2007) are much more depressing and paint a more vivid picture. Sorry friend, but when you use numbers that I know (and many others) are tainted, I have to speak up and try to convince you.

U6 calculation: The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

www.bls.gov...

We can talk about the U6 vs U3 rate for eternity, among other rates you are using for facts, but we will probably disagree to what is factual and what is made up.

As an American, I still respect your right to voice an opinion. Please just don't call them facts. No offense.

Lima-1, out.

George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH

i have my own business and i certainly DID NOT HIRE ANYBODY DURING W.'s REIGN, quite the opposite really.

you focus on paycheck collectors rather than paycheck providers, a sign of a COMMIE!

Corrections to your spam email in bold.

Originally posted by AGWskeptic

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 -- Not sure you know what that means

The GDP for the previous quarter was 3.5% -- GDP was 1.91% and had been steadily falling since 2004

The Unemployment rate was 4.6% -- Yes...up from 4% when GWB took the reigns from Clinton

George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH

--No...No he didn't, this number confuses the number of total months he had job growth over his whole term, while pretending the negative months never happened.

He had 52 months of job growth (not consecutive, but his whole term including post Jan. 07) and 44 months of job losses...and the losses were greater than the gains.

So many reading challenged posters here.

Scroll back up to the OP and see the sentence in all caps.