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Tag Archives: George Bush

The Day The Democrats Took Over

I’ve been arguing what is written below (received via e-mail and edited) since President Obama took office, but my thoughts are well-crystallized here:

The day the Democrats took over was not January 22nd 2009 (the inauguration of President Obama), 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 these facts.  On, January 3rd, 2007, the day the Democrats took over the Senate and the Congress:

  • The Dow Jones closed at 12,621.77 (Incredibly as of this writing it is now on the verge of 13,000)
  • The GDP for the previous quarter was 3.5%.
  • The unemployment rate was 4.6%.
  • George Bush’s economic policies had 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?  BANKING AND FINANCIAL SERVICES!

THANK YOU DEMOCRATS (especially Barney Frank) 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 of toxic loans on the economy from your Fannie Mae and Freddie Mac cronies!

By the way, 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 then the sky did fall!  He wanted to roll the dice.

And who took the third highest pay-off from Fannie Mae and Freddie Mac?  OBAMA did!

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

So when someone tries to blame Bush … …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 and they were driving the economy into the ditch.

Budgets are not passed by the White House. They are passed by Congress and the party that has controlled Congress since January 2007 is the Democratic 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 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 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.”

 
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Posted by on February 23, 2012 in Congress, Democrat

 

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Another Employment Measure

Last week, the Federal Government announced the Unemployment Rate of 8.8% for March with 216,000 new jobs.  My question is always related to how many people quit looking for a job or fell off the Unemployment roles.  We all know that the true Unemployment Rate is much higher in the 15-17% range.

This month, my curiosity about the real picture of Employment focused on the number of employed.  I planned to visit the Bureau Of Labor Statistics site to gather the information, but lo-and-behold, the folks at Gregor.us had already built the chart:

US Employment in Millions (h/t Gregor.us)

Below is the same Bureau Of Labor Statistics data with Percentage Change in Employment (YoY):

A few dates are highlighted above:

  • January 2007 – Democrats took over the Congress
  • October 2008 – TARP signed into law
  • January 2009 – Obama was inaugurated

You can glean what you want from this data — certainly the recent increase in the number of employed — but the Year-Over-Year (YoY) increase in employment during the Bush years really stands out!

 
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Posted by on April 4, 2011 in Economy, Free Market, Unemployment

 

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Still A Jackass

If you hadn’t noticed, or maybe you forgot, Kanye West is still a Jackass!  On a telethon in 2005, West famously accused George Bush of ‘hating black people’ for not interfering with rushing down to view, first-hand, the hurricane Katrina clean-up.

President Bush lamented in his memoir and in interview about the low-point of his Presidency being this accusation of racism from Kanye West.

West, in a response interview, lamented that he could feel Bush’s pain because he too had been accused of being a racist for his rant during the 2009 VMA’s.

“With him, it was a lack of compassion of him not rushing, him not taking the time to rush down to New Orleans. For me, it was a lack of compassion of cutting someone off in their moment. But nonetheless, I think we’re all quick to pull a race card in America. And now I’m more open, and the poetic justice that I feel, to have went through the same thing that he went [through]—and now I really more connect with him on just a humanitarian level.”
No, Kanye.  Wrong again.
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President Bush was reacting properly by staying out of the way.
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You, however, are simply a Jackass.  You were in 2005; you were in 2009.  And, keeping your reign in 2010 seems to be in the cards.  Maybe you should highlight the year by replacing your teeth with diamonds — oh wait, been there done that.
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President Bush has class.
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You’re klassy.
 
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Posted by on November 3, 2010 in Bush

 

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