Thank you for visiting the Crash of 2008 page. There is plenty of blame to go around in Washington, D.C. for all of the problems the United States is facing today as a result of decisions 100 years ago (President Woodrow Wilson gave us the Federal Reserve Bank (without a doubt the most evil affliction to the United States, our currency, and economy), Franklin D. Roosevelt's New Deal, Lyndon B. Johnson's Great Society, and Ronald Reagan's amnesty for illegal immigrants, just to name a few). But although Mr. Obama vainly attempted to blame George W. Bush (42) for the 2008 economic collapse, the Democrats owned it all lock, stock and barrel...
Source: http://www.freerepublic.com/focus/f-bloggers/2813194/posts
The day the Democrats took over (January 3rd, 2007)
The Steady Drip ^ | November 23, 2011 | Sam Sewell
Posted on Monday, November 28, 2011 10:44:11 AM by opentalk
The day the Democrats took over was not January 22nd 2009, it was actually January 3rd 2007, 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, 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!"...
TOPICS: Business/Economy; Government; Politics
KEYWORDS: barneyfrank; freddiemac continued:
...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.
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 budget.
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. Let's remember what the deficits looked like during that period:
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."
"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."
1 posted on Monday, November 28, 2011 10:44:19 AM by opentalk [ Post Reply | Private Reply | View Replies] To: opentalk Very Informative, Will spread this far and wide.
Thanks for Information.
2 posted on Monday, November 28, 2011 11:05:15 AM by OPS4 (Ops4 God Bless America!Jesus is Lord!) [ Post Reply | Private Reply | To 1 | View Replies] To: opentalk Thanks for posting
3 posted on Monday, November 28, 2011 11:45:09 AM by HOYA97 (twitter @hoya97) [ Post Reply | Private Reply | To 1 | View Replies] To: opentalk Eight Hundred Days Without A Budget-A new milestone in Democrat Party governance is reached. (from July 2011)
http://www.humanevents.com/article.php?id=44718
Democrats have controlled the Senate and the White House since the election of 2008, and the House of Representatives up until this year. Certainly they could have passed any budget they desired, including one with tax increases and spending increases. But they chose to ignore the 800-day gorilla in the room because they don’t want to be on record supporting a budget that actually does what they want. Then the public could hold them accountable for their cowardly and irresponsible behavior in the face of national fiscal calamity.
While the House has passed a serious, credible budget that tackles this debt crisis head-on, 800 days — and $7.3 trillion dollars — have come and gone since the Democrat-led Senate has adopted a budget. Not only is a budget a concrete fiscal plan, but it expresses a philosophy of governing. Democrats’ refusal to pass a budget — and refusal to put their big-government economic theories on paper — is of extraordinary significance. Making matters worse, the only budget submitted by the president is a fundamentally unserious plan that doubles our debt and speeds us to economic decline.
The Democrats have not even proposed a budget. President Obama gave a speech on the topic a few months ago, but it was a demagogic campaign speech intended primarily to attack Paul Ryan – author of the Republican “Path to Prosperity” package of very concrete proposals – who was sitting in the front row.
Back in May, Senate Majority Leader Harry Reid (D-NV) stated, “There’s no need to have a Democratic budget in my opinion. It would be foolish for us to do a budget at this stage.” Does he still consider it “foolish” fifty days later?
Eight hundred days of political cowardice, reckless irresponsibility, and dereliction of duty. Enjoy your milestone, Democrats. May the American people remember it well in 2012.
Posted on Monday, November 28, 2011 10:44:11 AM by opentalk
The day the Democrats took over was not January 22nd 2009, it was actually January 3rd 2007, 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, 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!"...
TOPICS: Business/Economy; Government; Politics
KEYWORDS: barneyfrank; freddiemac continued:
...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.
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 budget.
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. Let's remember what the deficits looked like during that period:
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."
"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."
1 posted on Monday, November 28, 2011 10:44:19 AM by opentalk [ Post Reply | Private Reply | View Replies] To: opentalk Very Informative, Will spread this far and wide.
Thanks for Information.
2 posted on Monday, November 28, 2011 11:05:15 AM by OPS4 (Ops4 God Bless America!Jesus is Lord!) [ Post Reply | Private Reply | To 1 | View Replies] To: opentalk Thanks for posting
3 posted on Monday, November 28, 2011 11:45:09 AM by HOYA97 (twitter @hoya97) [ Post Reply | Private Reply | To 1 | View Replies] To: opentalk Eight Hundred Days Without A Budget-A new milestone in Democrat Party governance is reached. (from July 2011)
http://www.humanevents.com/article.php?id=44718
Democrats have controlled the Senate and the White House since the election of 2008, and the House of Representatives up until this year. Certainly they could have passed any budget they desired, including one with tax increases and spending increases. But they chose to ignore the 800-day gorilla in the room because they don’t want to be on record supporting a budget that actually does what they want. Then the public could hold them accountable for their cowardly and irresponsible behavior in the face of national fiscal calamity.
While the House has passed a serious, credible budget that tackles this debt crisis head-on, 800 days — and $7.3 trillion dollars — have come and gone since the Democrat-led Senate has adopted a budget. Not only is a budget a concrete fiscal plan, but it expresses a philosophy of governing. Democrats’ refusal to pass a budget — and refusal to put their big-government economic theories on paper — is of extraordinary significance. Making matters worse, the only budget submitted by the president is a fundamentally unserious plan that doubles our debt and speeds us to economic decline.
The Democrats have not even proposed a budget. President Obama gave a speech on the topic a few months ago, but it was a demagogic campaign speech intended primarily to attack Paul Ryan – author of the Republican “Path to Prosperity” package of very concrete proposals – who was sitting in the front row.
Back in May, Senate Majority Leader Harry Reid (D-NV) stated, “There’s no need to have a Democratic budget in my opinion. It would be foolish for us to do a budget at this stage.” Does he still consider it “foolish” fifty days later?
Eight hundred days of political cowardice, reckless irresponsibility, and dereliction of duty. Enjoy your milestone, Democrats. May the American people remember it well in 2012.
Too Big Too Fail
Too Big to Fail is the movie that you need to see but is not available at this time on YouTube.
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Fair Use Notice Act Disclaimer: This website may contain copyrighted material of which use may not be authorized by the copyright owners. Under section 107 through 118 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. If you wish to use this material that goes beyond fair use, you must obtain permission from the copyright owner. Fair use notwithstanding, I will comply with any copyright owner who wants their material removed, modified, or wants me to link to their website, or wants us to add their photo.
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