Do You Remember January 3, 2007?

Hat Tip to Pamela

This is just a History lesson and I am sending it to all regardless of party. It is history and nothing can change it. All Americans should pass this on to everyone in their database. Both parties need to cut expenses, neither party is without blame, but this is truly what happened and Americans need to wake up and take our country back in 2012!!!

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?

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?

English: Barack Obama delivers a speech at the...


And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress, especially BARNEY!!!!

So when someone tries to blame Bush…

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. Bush should have vetoed every bill that came in front of his desk!!

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.”

There is no way this will be widely publicized, unless each of us sends it on!

“The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living.”

*Received via email

30 thoughts on “Do You Remember January 3, 2007?

  1. Loved the post and I agree that the problems are with consent of BOTH parties, that said the d***n spending should be stopped, but the wars were not part of what our foreign policies have done to other nations so much as the fact we have been an ally of Israel since 1948. We did help those from Germany and other places get back to Israel. The problem came from the Mid Eastern countries that have allowed the Islamic radicals to gain the upper hand in their countries. I am way out in the weeds here but blaming America first is a sore spot with me. We are not a perfect nation and that is a fact. We are a great nation that has ALWAYS been there for countries when they get in trouble with Nature or otherwise, and that includes countries that hate us. Granted the Iranian Shaw removal was stupid but that was then and as I said we aren’t perfect. The wars swisscon has mentioned like Iraq and Afghanistan were as honorable and necessary as any we have fought since WWII and if 3000 of our citizens getting turned to dust isn’t worth fighting for isn’t worth it what is… or the rockets being launched into Israel DAILY or the suicide bombers that Hamas sent and financed by our good friend Saddam Hussein and $20,000 the sorry SOB paid to the families of the bombers that went there to kill civilians… You are right we didn’t have to fight 2 wars ,we did it because we ARE Americans and we ARE an exceptional nation…

    • “honorable and necessary”

      Amazing, just amazing.
      Your home country is in dire straits, your infrastructure is ridiculous by any standard, millions in your country can’t make a living, unemployment rate is beyond 8 percent, the public deficit is gigantic, the debt increases faster than ever,….

      …and you want to spent hundreds of billions on killing (innocent/guilty) people in some countries most Americans would not find on a map.


      Great as your nations is. Honorable and amazing what it has achieved in history. But think about why the US became the greatest nation on earth. And, please, go back to it. Small government, liberty, and a strong defense. Not aggressive wars overseas.

      • I’m all for minimizing wars to those that are necessary and I would not attempt to define Iraq as necessary or Afghanistan as well planned but not responding to the entities that attacked and killed 3000 of our civilians is an invitation to worse. Evil people must be confronted whether they be a Nation or a tribe of pigmies if they demonstrate the capability to harm our citizens on our soil and the Taliban did just that. As such some response was required.

        We can debate from there what that response should have been but any contention that we should not take the violence to those who attack us simply because they are on the other side of the world is a denial that they intend to bring the war to us whether we want to face it or not.

        • Oh, I am not saying that the US should have done nothing. But instead of fighting two wars, hunting those (really) responsible for 9/11 would have made more sense. And it would have been accepted by anyone around the world (think about your country’s reputation…it matters a lot!). And it would have been much cheaper.

  2. Excellent article. I have been saying all along that it is the Democrat Congress that sunk the economy with their unprecedented spending spree. Yes, the stage was set under Bush, but the Democrats could have changed direction and corrected the bad trend. Instead they trumped Bush’s spending by orders of magnitude. And in doing so they brought us to where we are today — in the midst of the worst depression in our lifetimes!

    • “unprecedented spending spree”

      Spending on what? As far as I can see, two types of expenditures have caused the deficit: welfare and warfare.

      Republicans deny the latter, Democrats the first.

      Welcome to American politics today.

        • proves my point =)

          You are focusing on who is to blame. This is something I couldn’t care less about. It actually helps to focus on the long-term economic causes of the current situation instead of playing that stupid politics-game. Face it, with Romney-Obama, we won’t see any difference at all in the next four years.

          Sad for the country. A great nation. But apparently it is passed its best.
          (Hope, I am wrong)

        • If you aren’t interested in identifying the culprits who are causing the run-away spending, then how in the heck are you going to stop it? Sheeech!!!

        • O.K., you go back to 1913 and vote out the big spenders. As for me, I don’t have a time machine, so I’m going to focus on replacing the wild spenders in the current Congress.

    • I grow so very tired of hearing about what Obama “inherited”. He didn’t “inherit” a damned thing! On the contrary, he knew exactly what he was getting into and, if you were paying attention to his campaign speeches [in 2008] you’d know that he had all the answers (at least that’s what he wanted his lemmings to believe). Upon taking office, he almost immediately started blaming his problems on the previous administration (as well as earthquakes, tsunamis, etc., etc.).
      As far as the housing bubble, do a little research into Obama the community organizer and the Community Reinvestment Act (pushing banks to give out mortgages to people who couldn’t afford to buy homes………….so they could buy homes they couldn’t afford) and how Fannie and Freddie were pushing those toxic mortgages on the banks.
      Lastly; Unnecessary, unjustified wars? Where were you on September 11, 2001?

      • The Community Reinvestment Act falls largely down to Clinton 1994. During that time Obama was just a lowly lawyer (community organizer) in Chicago.

        Don’t misunderstand me, the Act was flawed and most likely contributed to the housing bubble. But there were some politicians (Dems and Reps) before Obama and they have much more to do with the housing bubble than the current President. This, by the way, includes the Fed.

        Obama, however, is to blame for the laws he passed. And no discussion, there is a hell of a lot to criticize.

        But about those wars on Afghanistan and Iraq: Besides millions of corpses and wounded, as well as a humongous public deficit, where’s the benefit? Is America any safer? Are the people in Afghanistan better off? Is Iraq doing better?

        Would be a big surprise if you can answer any of these questions with “yes”.

        • Don’t disagree with much of this except “But about those wars on Afghanistan and Iraq: Besides millions of corpses and wounded…”

          Every life matter but there were not millions of deaths.

        • Depends on the way you count. Total population is about 60 million.
          Given the long-lasting impact as well as the effect on the economy and health sector in particular, excess deaths may certainly pass the million threshold.

        • Deaths don’t depend on count, they depend on death. Saddam was killing people and burying them in mass graves. That was ended. There is absolutely NO evidence of massive deaths from the war regardless of which side one stands on the issue of justification. We carpet bombed populations in Germany in WWII and didn’t kill as many as the lefty organizations try to convince us the US Military killed with strategic bombing in Iraq.

          Suggestion: You weaken your argument against the war when you make claims that can’t be demonstrated with evidence. If you stick to facts only you will do much better to sway minds.

        • Take the Lancet survey: 601,027 violent deaths out of 654,965 excess deaths in Iraq from March 2003 to June 2006. Others report from 105k (Associated Press) to more than 1 million deaths (Opinion Research Business survey).

          As I said, it depends on how you count.

          Next, Saddam was a horrible dictator. Like dozens around the world. He has, however, never been a serious threat to the US. So, the only reason to attack Iraq was based on helping the Iraqi people. (or oil?)

          Almost ten years after the invasion, and 100k to 1 million deaths later, it’s hard to say you’ve been successful. Not to mention the humongous amount of money the American taxpayer had to spend (i.e. waste) on this adventure.

        • The Lancet survey was widely refuted and defied logic. It would have taken nearly wiping out the entire capital to kill a million people. Its a hogwash survey. “Won’t even dignify the Opinion Research” survey Where are the bodies?

          Why don’t you come out of the Paul closet and be done with it. You’ll feel better.

      • Oh, one more thing: What do you think has caused 9/11? What role does America’s foreign policy play with regards to 9/11?

        Seems to me like this is a blind spot in the Republican party’s thinking.

        [I am neither a Rep nor Dem. Both parties are deeply flawed. In fact, both are more or less the same, today. It's like one big party with a left wing crying for welfare and a right wing crying for warfare. Both of which destroys the Constitution and ultimately the whole nation.]

        • “Oh, one more thing: What do you think has caused 9/11?”

          Answer: Same thing that caused the marauding hordes that eventually lead to the crusades, radical Islam. The excuses given by the Islamists are just their marketing pitch. They would be doing what they are doing as the visible arm if Jihad anyway while they quietly go about stealth Jihad as evidenced by what is happening in Europe.

        • Repeat answer: Little to none. The claim we brought on this attack admittedly holds emotional attraction but logic coupled with knowledge of the rise of Islam in the middle ages defeats the emotional argument.

        • Oh boy. Ever been to Afghanistan? Ever talked to people there?

          Call a spade a spade. You intend to fight against Islam. Then a) please don’t call it ‘War on Terror’ but ‘War on Islam’, and b) please stop it – it’s just what the small minority of radical Muslim wants you to do. Find those few who organized 9/11, and stop spending billions overseas (there’s is actually a better way to spend that money…at home).

        • There were Muslims who fought in the Revolutionary War along side Jews and Christians most honorably so spare me the false accusation that I want war against an entire religion (spade sufficiently called). Those who attacked us were stationed, in part, in Afghanistan making actions in Afghanistan necessary but we can certainly question the actions chosen.

      • Obama didn’t inherit anything and had no problems dumped on him. If memory serves me correctly he asked to take all of the problems so he could fix them. Fix them he did not, he made them worse.
        Bob A.

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