When Dems Took Over
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The day the Democrats took over was not Jan. 22, 2009, but Jan. 3, 2007, the day the Democrats took over the House of Representatives and Senate, the 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.
Those listening to liberals propagating the fallacy that everything is “Bush’s fault,” the day the Democrats took over the Congress, the Dow Jones closed at 12,621,77; GDP for the previous quarter was 3.5 percent; the unemployment rate was 4.6 percent. Bush’s economic policies set a record of 52 straight months of job growth.
Jan. 3, 2007, was the day 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: (Add to) this crisis by dumping $5-6 trillion of loans on the economy from the Fannie Mae and Freddie Mac fiascos.
Bush asked Congress 17 times to stop Fannie and Freddie, starting in 2001, because it was financially risky for the U.S. economy.
Who took the third-highest payoff from Fannie Mae and Freddie Mac? Obama.
Who fought against reform of Fannie and Freddie? Obama and the Democratic Congress.
Budgets don’t come from the White House but from Congress, and the party that controlled Congress since Jan. 3, 2007, is the Democratic Party.
Where was Obama during this time? He was a member of that very Congress that passed all these massive spending bills, and signed the omnibus bill as president to complete 2009.
If Obama inherited anything, he inherited it from himself. What Obama is saying is, “I inherited a deficit I voted for. Then I voted to expand that deficit fourfold since January 20.”
Chris Mastaler
Pinehurst
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Comments
Toda 7 months, 2 weeks ago
Opinions are much more diverse than facts! Why are you asking questions as opposed to providing sound information? Your letter doesn't hold any factual water and has leaked all over the page.
JimHeim 7 months, 2 weeks ago
The Fannie Mae story is irrelevant to the housing boom and bust in which it played a very minor role and did not engage in the rampant speculation to a significant degree.
Bush's job growth was the worst for any modern-day president, not even keeping up with population growth. When Obama was sworn in, the unemployment rate had increased every month for the past year. Did you think we wouldn't look it up?
Budgets do income from the White House. You should read the papers more often; the subject comes up a lot in the spring. Spending bills come from the House. How is it that Obama is being blamed for running up the national debt if it's Congress which is writing the checks? You don't get to have it both ways...unless you're Republican.
skylinefirepest 7 months, 2 weeks ago
You're an amazing man, Jimmy Heim. Your man has run up six trillion in new debt in under four years and lowered our rating twice but do you give him any credit for that? No, it's somebody else to blame! You da MAN, Jimmy...if I ever decide to become a Democratic politician and need to lie my way out of anything I'll just ask for you!!
fugitiveguy 7 months, 2 weeks ago
"The Fannie Mae story is irrelevant to the housing boom and bust in which it played a very minor role and did not engage in the rampant speculation to a significant degree."
100% bovine scatology
fugitiveguy 7 months, 2 weeks ago
"You don't get to have it both ways...unless you're Republican."
Yes, its not as if the Dems want to constantly harp on Clinton's balanced budgets/surpluses yet hold Obama blameless for the debt. It used to be a challenge to refute this garbage
fugitiveguy 7 months, 2 weeks ago
C-SPAN Democrats Cover Up Fannie Mae, Freddie Mac - Housing Crash by rlwieneke
Here ya go Jimmy. You may have seen this. Some of your heroes in action. Lying, incompetent bastxxxx. Many of which are probably still in office.
fugitiveguy 7 months, 2 weeks ago
The Democrats seen in the above video do not care about this country, they are as far from patiots as a person can be. Some are fools, some are corrupt, some are both. What must it be like for the Republicans trying to save the country from a preventable economic crisis while these sob's stand in the way. This video needs no explanation, that will not keep a few Dems on here from giving their very creative take on what it shows.
teufelhunden 7 months, 2 weeks ago
Some people don't want to see the end of their gravy train so naturally they will vote for Obama. Classic redistribution. But when you have more people riding in the cart than pulling it, it will eventually stop working.
fugitiveguy 7 months, 2 weeks ago
Don't know what it is about that video, the libs become very scarce every time I post it.
Toda 7 months, 2 weeks ago
Never knew there were so many coupon millionaires in Poorer County ~ redistribution of what wealth? Yours or someone else's.
clarabelle 7 months, 2 weeks ago
"What must it be like for the Republicans trying to save the country from a preventable economic crisis while these sob's stand in the way."
BLAH BLAH BLAH .................................... and BLAH............ the weeping never changes!!
turntheothercheek 7 months, 2 weeks ago
I really wish people would take the time to watch more then just one news station. If you are geting all of your information from Fox news and not from actual facts, you know, the kind shown on CNN, MSNBC and others, then you have NO opinion worth hearing.
Do you have any idea how many people I have talked to that use the Sound bites that they heard on Fox, from the National convintions? People didn't take the time to Watch the RNC, much less the DNC, yet they think they have valid points? It makes no since at all!!! Simply put, if you are part of the 1%, then you should vote for Romney. He's only looking out for his own. ANYONE else needs to realize that if you pay about 20% of your income in taxes, these Rich idiots should as well. And if you are so stupid that you think that everyone paying the same percentage is Socialism, then holy hell, we deserve to have an fool like Romney run this country. Also, please keep in mind that when asked about the FLAT OUT LIES the Rep party is using in adds, the Republican Polester said "We will not let this campaign be dictated by Fact Checkers." This is an actual quote people, is this really who you want in charge? Don't argue my actual quote, go look it up and see it for yourself.
If you want the middle class to continue to struggle, much less the lower class, and want the rich to get Richer, on our sweet, blood and tears, then please Vote Rep! If you want to see everyone have a fair shake, and the Country thrive, vote Dem. It's that simple!
turntheothercheek 7 months, 2 weeks ago
Also, if people aren't smart enough to see the smoke and mirrors being used, the lack of actual facts, and information given by the Rep party, then shame on you. This "article" is another example, bend the truth, put blame on anyone but the actual parties responsible, and ignore the actual issues. Case and point, Romney, just this week, bragged about how he is compasionate, and cares for the people, which is why everyone in his home state has access to healthcare (as in Romney care) then 2 hours later went on stage attacking Obama Care. Here's another fact some seem to blind to remember or understand, "Obama Care" was formed off of "Romney Care", do you all really want someone that will lie so easily in charge of our Nation? Or do you want someone who actually works for the people?
turntheothercheek 7 months, 2 weeks ago
And Fugitiveguy, you mean that video that you posted from 2004? No need for anyone to respond to it, something from 2004 has NOTHING to do with the 2012 election. Not because us "libs" are running from the potent information you posted, it's just null and void here.
Thatcher 7 months, 2 weeks ago
Gosh, I never realized it was that simple.
skylinefirepest 7 months, 2 weeks ago
turnthe cheek....you obviously don't give a hoot that your idol has raised in new debt, six TRILLION dollars, and what have you, the middle class? got to show for it??? The country is going down the fiscal tube, compliments of your idol and you're going to vote his sorry spend us into oblivion, never created a job, never held a real job, lies every time he speaks, butt back in to finish us off!! Obama is a joke and you liberals have no qualms about bowing to his altar!
fugitiveguy 7 months, 2 weeks ago
"I really wish people would take the time to watch more then just one news station. If you are geting all of your information from Fox news and not from actual facts,"
If you wish to begin your post with this tired old worn out leftist schlock be my guest, but that is where this conservative stops reading. Our problems are too great, its time to get serious.
fugitiveguy 7 months, 2 weeks ago
"Not because us "libs" are running from the potent information you posted, it's just null and void here."
It'll be null and void when idiot leftists stop regurging the lie about Bush causing the housing crisis. Sorry if you find the truth non palatable.
Pappy 7 months, 2 weeks ago
turntheothercheek.....you are too funny....MSNBC...you have got be kidding....I bet you wear your cheer leading uniform every morning that has a big "O" on the front just like Mika !!!
turntheothercheek 7 months, 2 weeks ago
skylinefirepest-you are just proving my point, he hasn't created one job? he has never held a real job? more talking points that are nothing more then lies. he has, done both. again, look up the information before you post the lies that are being used to campaign, by a once great party, that is now full of people so far right that they don't care to 1, look into information before posting it, a perfect example of this I already posted, that their campaign will not be dictated by fact checkers. and 2, don't care to find a candidate that is willing and able to run a governement for the people and by the people. and fugitive guy, you obivously didn't stop reading my post when you claim to have, or you wouldn't have gotten to my note to you. I guess I now see why you support Romney, you say one thing and do another, at least he waited 2 hours instead of 2 minutes to prove he can't stay true to his word.
Pappy 7 months, 2 weeks ago
turntheothercheek....Bless your heart...turntheothercheek is an appropriate name for someone so misguided...because it is certainly not your "cheek" you libs need to be worried about !!!!!!
turntheothercheek 7 months, 2 weeks ago
actually "Pappy" how did you know about my cheerleading uniform? And Bless your Heart? I can see why you would have a problem with my screen name... since Far Right Reps are the reason for my screen name. And trust me, you don't need to be worried about any of my cheeks. Again, while some of you deserve to have a liar who is only out for the top 1% as the president, the rest of us don't. Hell, even Ryan is talking bad about Romney, he doesn't even like him. But hey, he's a great guy... right?
And trust me, I am not misguided, I am informed. Which I can say honestly because I do take the time to watch Fox news, even if it is hard to sit there and stomach, but I also watch the other news stations, as well as take time to look into facts. Here's a good rule of thumb, if EVERYONE says your wrong, you are probably wrong. So, if people think all of the other news channels are the "liberal media" and Fox is the only one that they can rely on, the same rule applies. So while I am proudly wearing my cheerleading outfit you be sure to put on yours too, with the big "F" on it, for Fox, and Failure.
skylinefirepest 7 months, 2 weeks ago
Nah, Cheeky, you're not well informed....you've just drunk the Kool Aid one time too many and when the country goes bottoms up from another four years under this idiot and his inept administration, aided and abetted by liars like Jimmy, spend some more money we ain't got, we'll just borrow it from the Chinese, Heim then you'll simply try to blame it on Bush like the current crop of Ne'er do Wells!!!
teufelhunden 7 months, 2 weeks ago
The wool that was pulled over your eyes has become so form fitted to your head that you cannot decipher reality from the liberal propaganda you've been spoonfed for so long. Wake up and snap out of it before its too late instead of walking with the mindless minions over the cliff of total control.
teufelhunden 7 months, 2 weeks ago
I have to say I'm worried about Romney during the debate. Nobody talks like scary Barry!
FaithinUSA 7 months, 2 weeks ago
It doesn't matter who you vote for in November its a one horse race. Mitt is no better then Obama.
FaithinUSA 7 months, 2 weeks ago
Everyone needs to read the Declaration of Independence and the Bill of Rights then you will see how far off course we have come. This has all been done before and unfortunately it took a war of Independence to fix it. May God help this nation before its to late....
skylinefirepest 7 months, 2 weeks ago
Hey Cheeky, The unemployment rate has stayed over eight percent ( apparently not realistic numbers but "government" numbers ) for obama's full term. Where is the job increase that he created?? And maybe a "real job" has to be explained to you...working for government is not what I have ever considered a "real job"...in most cases it's just feeding out of the public trough!!
Toda 7 months, 2 weeks ago
skylinefirepest,"you obviously don't give a hoot that your idol has raised in new debt, six TRILLION dollars, and what have you,"
As Steve Benen wrote, “the smoke-and-mirrors approach to which we’ve grown accustomed was ridiculous. It was a problem policymakers recognized, but didn’t want to talk about, and had no interest in fixing. It’s not only heartening to see Obama bring some sanity to the process, it will also have key practical consequences — honest budgets lead to better policy making.”
2.7 Trillion was hidden and then came the stimulus packages that were predicated on Bushes watch and Obama was saddled with Bushes debt cycle. Look at the cost as a business venture, would you buy a business that was 2.7 Trillion in undisclosed debt? Unlike you and others I post links
Toda 7 months, 2 weeks ago
"Unemployment: (Add to) this crisis by dumping $5-6 trillion of loans on the economy from the Fannie Mae and Freddie Mac fiascos.; "Bush asked Congress 17 times to stop Fannie and Freddie, starting in 2001, because it was financially risky for the U.S. economy."
Toda 7 months, 2 weeks ago
President Bush's speech on the financial crisis 9/24/08 (1) by ApFaqPolitics
Toda 7 months, 2 weeks ago
Republican's don't even believe the words spoken by Bush! His words not mine or anyone else's. Argue with his rational to the debt crisis!
Toda 7 months, 2 weeks ago
Home Ownership and President Bush by PicturePusher
Toda 7 months, 2 weeks ago
Bushes I have a dream speech for home ownership for all Americans. Government helping to make the down payment. Affordable housing tax credit in neighborhoods where homes are scarce...a lot of fine print on those forms so Bush wanted to make the mortgage process easier! And he did!
skylinefirepest 7 months, 2 weeks ago
Toda...two wars...and just where were you when terrorists flew the planes into the WTC??? Are you saying we should have just done the Democrat thing and said we'll get them next time?? Would you have just done NOTHING, toda?? And, no, obama has not and doesn't even know how to create a job...he'd have to look in Webster's to find out what a job is!!
fugitiveguy 7 months, 2 weeks ago
Its unfortunate (understatement) that we live in a time in which the unbiased truth is harder to find than a 4 leaf clover. However, when it comes to the housing crisis of a few years ago, it is really not hard at all. Now TODA (and other assorted kooks) would have you to believe its all GWB's fault despite my having provided what I think is fairly indesputable video proof (about 20hrs ago in this blog) that this is just horse xxxx from what most would call an unbiased source (c span).
fugitiveguy 7 months, 2 weeks ago
Now, we know what would motivate the Dems to distort the facts on the housing crisis. They just want to stay in office. What I find harder to understand is what motivates local Dem/Libs to distort what actually happened. A problem cannot be solved or prevented from happending again if the solutions are based on ficticious causes.
fugitiveguy 7 months, 2 weeks ago
Of course all this distracts from what is of the most dire importance. The national debt which President Obama has no serious intention or plan to deal with. In fact, it is projected to soar to 20T by the end of a (God, Allah, Buddha) forbid Obama second term. All they know how to do is print more money and divide the country. Its hard for me to understand how Democrats of concience could continue to support this man. As a side note, do any of the local leftists care to explain why key players in this admin continued to push the lie about what happened in Libya for nearly a week after the truth had come out.
Toda 7 months, 2 weeks ago
fugitiveguy => when conservatives have no proof to support their jabberwocky, they resort to name calling Kook's. As far as Libya, not one american warrior stepped foot on their soil. So you don't believe what Bush said! But yet you continue to lay the burden on Obama....talking about misunderstood individual ~ you are that!
skylinefirepest 55 minutes ago ~ you never cease to amaze me with your lack of intellectual prowess.
turntheothercheek 7 months, 2 weeks ago
fugitiveguy-the key players in this admin did not push the lie about what happened in Libya. they waited until the had the facts to speak up about it, much unlike your candidate who put his foot in his mouth. a smart admin will get all of the facts before making himself look like a fool by ranting and raving and making what happened in Libya be something to try to further his own agenda and use it in a Presidential election.
also, why is no one addressing what Toda brought up about the fact that the budget was basically a fake, under the Bush Admin? they did not put the war in the budget, Obama, wanted an honest budget and put it in, where it should have been all along. all the while knowing that the far right would try to use it against him, he knew it better to be honest about the budget, the to hide the very thing that has caused the largest chunk of the debt.
yes, we are in a recession, when have a country been in a war, an actual war, where the national debt didn't sky rocket? it is something that will always happen, not something on the head of Obama, but on the terrorists that we are fighting.
again i find myself shocked by the lack of information and actual facts that people make their arguments from. skylinefirepest, funny that someone with pest in their screen name is calling me cheeky, but have at it. how is a government job not a "real job"? maybe you need to look into what a real job is. is a cop or a fire fighter, a teacher and so forth and so on not a real job? your argument is sad and insulting to a good part of the population. but of course i wouldn't expect better from you or other like minded people, anyone who isn't like you is evil. anyone who would be bothered by your offensive comments aren't part of your "us", they are "them", which is a perfect example of what is wrong with our country. if people could remember one key fact that we are all Americans, and should find ways to work together instead of against each other the Country might actually start to show improvement. until that time we are doomed. I totally believe that some of you deserve a President like Romney (who's own running mate has been caught on tape bad mouthing him), but for me, and the others who know that we need a president that will work for us, and not for his rich buddies, we deserve Obama. but, none of this will matter come November, Obama will be re-elected, so all of the smoke and mirrors the far right are using will prove uneffective.
clarabelle 7 months, 2 weeks ago
" fugitiveguy - Now, we know what would motivate the Dems to distort the facts on the housing crisis. "
damn - will the verbal diarrhea ever stop? Same ol sorry crap about the evil dems and the do no wrong republicans.
fugitiveguy 7 months, 2 weeks ago
Obama UN Ambassador Tries To Claim Protests Had Nothing To Do With Obama Policies by Smithly4521
"a smart admin will get all of the facts before making himself look like a fool by ranting and raving and making what happened in Libya"
really? Is that what you see here? Keep drinking the koolaid.
Thatcher 7 months, 2 weeks ago
turntheothercheek (a/k/a justiceforall)-- Welcome back. Cheers!
fugitiveguy 7 months, 2 weeks ago
In the video age it is much easier to disprove liberal fantasy. Once presented with clear proof they suddenly disappear.