The Mess and how Obama inherited it – read it slowly and let it sink in...
This tells the story of why Bush looked so bad at the end of his term. Don't just skim over this, it's not long, but read it slowly and let it sink in. If in doubt, check it out!

The day the democrats took over was not January 22nd 2009, it was actually January 3rd 2007, the day 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

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! It started with Jimmy Carter and his Housing and Community Investment Act of 1977, broadened by Bill Clinton, enforced by Janet Reno, then sent over the cliff by Frank & Dodd.

Oh, Obama, as an attorney in Chicago working on behalf of ACORN, successfully sued Citibank for loan discrimination under Reno's tenure! 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!

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 & 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 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.

Great post!!

Quoted from bumblethru

Great post!!

LOL...You think that's a great post? You think Bush was for smaller government?

I know it's only 10 years ago but please read up on history.

Excellent post -- the only thing left out was the FACT that  the deregulation of financial firms and loosening of mortgage regulations  (repeal of Glass-Steagall and who was that Secretary of Housing and Urban Development ???? date back to the Clinton Administration.   This is what led to the Housing Bubble which burst in 2007 and triggered the banking crisis in 2008 which put us in this economic mess.

It's the blog entry the liberals don't want you to read.

Quoted from 1975

It's the blog entry the liberals don't want you to read.

I prefer to call them Neo-Liberals or Neo-Leftists --- they are extremists and/or political whores who give decent traditional liberals a bad name.  

Quoted from DemocraticVoiceOfReason

I prefer to call them Neo-Liberals or Neo-Leftists --- they are extremists and/or political whores who give decent traditional liberals a bad name.  

The classical liberals are the Ron Paul liberals.  The live and let live liberals. The leftists and neo-leftist still want to use the Federal government to force their views onto society.  The two wings only very by at what degrees it is forced.

Quoted from DemocraticVoiceOfReason

I prefer to call them Neo-Liberals or Neo-Leftists --- they are extremists and/or political whores who give decent traditional liberals a bad name.  

Ya, I'll agree with you on that one.

Quoted from Box A Rox

(Rusty isn't much on math, or history,  but he likes to type!)  

Rusty might to well to remember George Santayana words:
"Those who do not remember the past are condemned to repeat it."

Yet, he still can't contest the facts in this post.

We remember the past, and will NEVER forget, but we work harder each day for a better tomorrow.  Unlike you who constantly puts the blame on others from 5-10-30-50 years ago, stop blaming people, start taking responsibility and live for the future.  You'll be much happier, I promise.

Quoted from 1975

Yet, he still can't contest the facts in this post.

We remember the past, and will NEVER forget, but we work harder each day for a better tomorrow.  Unlike you who constantly puts the blame on others from 5-10-30-50 years ago, stop blaming people, start taking responsibility and live for the future.  You'll be much happier, I promise.

You're right Rusty.  You've convinced me.  History is a waste of time for you... don't bother reading anything
from the past... just look ahead.  
(I wonder if he even took history in school???  Isn't it required?)

I lived through what most of you consider "history".  That's the point, I lived through it, move forward and live in the present now.

Quoted from 1975

I lived through what most of you consider "history".  That's the point, I lived through it, move forward and live in the present now.

What I consider 'history' is from the beginning of time till the present.  I doubt you lived through much of
"what I consider history".  

It's too bad you didn't pay attention at least the part that you lived through... you might have a different
perspective today as you 'move forward'.