I’ve been doing a lot of thinking. President George W. Bush is getting bum wrap when it comes to the poor economy that many claim was given to President Barak Hussein Obama. Here’s why.
Here’s an email I received the puts much more clearly than I ever could.
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 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
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!
President 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 and 2009 as well as 2010 and 2011.
In that first year, they had to contend with George W. Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For 2009 though, Nancy Pelosi and 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.
Why is it that nobody is talking about this, not even Fox News? It’s quite frustrating to hear the Democrats saying that we’re better off than we were four years ago. I’m not. I’m not only making less money than I did in 2008, but I had two years of retirement taken away, I’ve been paying more for health insurance, and I’m paying double for energy including gasoline, home heating, and electricity. Also, food prices have doubled.
Another issue for me is religious freedom. Today, we have less religious freedom in the United States than we had in 2008. If you remember, both houses of Congress passed Hate Crimes legislation that adds sexual orientation to the list of groups under the protection of the federal law. It also gives states and local jurisdictions federal help in prosecuting hate crimes. This law could be the law that prosecutes Christians for preaching what the Bible says about homosexuality — calling it a sin.
The bottom line is I don’t feel better off than I was four years ago. 24 million Americans who are currently unemployed (and millions more who are under-employed), the 40 million plus people who now receive food stamps, and the 1 in 5 million Americans who are now living in poverty certainly aren’t better off.
So, the question remains, if President Obama was a CEO of any major company in the U.S. or around the world would he be fired? Would his contract be renewed with five trillion in debt, 8+ percent unemployment, and four years without a federal budget? If he would have said, “you can’t blame me, the former CEO left a mess” they wouldn’t have cared very much.
So, if you are a democrat and plan to vote for President Obama, pretend you’re a stock-holder. Pretend you’re evaluating his performance as a CEO. Is there enough evidence to renew his contract? Is there evidence of quality leadership that has taken our nation to the next level, or has his leadership been divisive? Has he been one to lead through international calamity? Has he helped lift democracy in the Middle East? Has he led in these situations from the front, or followed from behind?
Michelle Obama said it well Tuesday night. She said, “Being president doesn’t change who you are, it reveals who you are.” It certainly did in President Obama’s situation. It revealed he’s divisive, can’t unite, can’t budget, and can’t lead.
Elizabeth Warren has it totally wrong. She’s demonizing corporations who HIRE people. To demonize them cripples the corporations who hire people.