The Democrats--Are In Trouble

Johnny Tremain

Well-Known Member
Joined
Jun 14, 2012
Messages
2,307
The democrats are in trouble.
Their lies have run their course, there are no more blind alleys of delusion to send the public down.
The jig is up.
Game Over, folks.

And now--the Deluge!
 
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Just remember this---

January 3rd, 2007 was the day the Democrats took over the Senate and the Congress.

At that 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? The BANKING AND FINANCIAL SERVICES!
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 2001because 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.
 
Didn't the Democratic Congress also threaten to not fund the war if Bush didn't go along with their plans? That's how we lost the Viet Nam war, Congress refused to fund it. The Democrats were in charge of both the house and the senate in '73.
 
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001because it was financially risky for the US economy. And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA!!

I was researching this and ran across a very curious thing. Back in 2003, N. Gregory Mankiw was an economic advisor to Bush. He warned then about the problems with fannie and freddie and it's destructive potential. He also wrote a paper in 1989 predicting the same melt down in the housing market.

He's now a professor at Harvard. And has written several books on economics. Now here is the really conflicting thing about him. He is a Keynesian to a degree. However in one of his classes, he had a walk out, because they felt he wasn't teaching them what they wanted to hear. So they walked out and went to an Occupy protest. Interesting guy, interesting read.

http://en.wikipedia.org/wiki/Gregory_Mankiw
 
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Isn't it so typical of liberals to say--when poor people cannot qualify to buy a house, based on income--we'll just help our over-building real estate cronies (think Solyndra) keep the employment stats inflated and let the banks or the European banks wonder who is going to pay the mortgage.

And--as always--how goddman cruel is that to the poor people they snookered into this?
They robbed them of SOME money and then took the houses back and re-sold them.
To help out the poor. Horse-shit from the git-go.
They knew EXACTLY what they were doing from Day One.

Liberalism 101.
Taking Care of the "Little People".
 
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