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, 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.
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 CREATION!
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!!!
THANK YOU DEMOCRATS 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 FIASCOS! (BTW: 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????
And who fought against reform of Fannie and Freddie???
OBAMA and the Democratic Congress
So when someone tries to blame Bush…
Set the record straight on Bush!
Now let’s look at it a different way….
Libs babble about Obama inheriting a huge deficit from Bush. Amazingly enough,…… a lot of people swallow this nonsense. So once more, a short civics lesson.
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. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 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 FY 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 FY 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 FY 2009. Let’s remember what the deficits looked like during that period: (below)
If the Democrats inherited any deficit, it was the FY 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 2009
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.
Mr. Obama, while bemoaning how unkind the fates have been to him after doing so much to resuscitate the economy, claimed that over 2 million private sector jobs had been created since he assumed office but that the Arab Spring, a tsunami in Japan, the Republicans etc etc had all conspired to reverse all his hard work to save the America.
Beyond the laughable and pathetic aspect of listening to a President of the United States whining about his fate in life, he deliberately told another outright lie. The private sector has not produced 2 million jobs since January of 2009, when he was inaugurated.
In January 2009 the Bureau of Labor Statistics, in its Employment Situation News Release showed that total employment in the United States was at 142.1million. Of that number, 22.4 million were employed by governments at all levels. Thus 119.7 million were in the private sector and overall unemployment rate was 7.6%.
Fast forward to June of 2011; the Employment Situation News Release for that month revealed that total employment was at 139.3 million (a drop of 2.8 million from January 2009). Within the total employment number were 22.1 million government workers at the federal, state and local levels. In summary there were thus 117.2 million employed in the private sector, a decline of 2.5 million. The overall unemployment rate: 9.2%.
The reality is 2.5 million jobs in the private sector were eliminated since Obama assumed office.
It is painfully obvious, even to those without access to the BLS reports, that average Americans instinctively know by their own experiences that there has been no job creation in the private sector since Obama became President; yet he so casually and easily can throw out a lie to further his ambitions.