Skip to comments.Pelosi: Bush Left Us An Economy In The Depths Of Hell
Posted on 09/21/2012 11:05:38 AM PDT by To-Whose-Benefit?
(CNSNews.com) House Minority Leader Nancy Pelosi (D-Calif.) said that the policies of the Bush administration created an economy that was so bad that it was in the "depths of hell"--a description she said Treasury Secretary Hank Paulson used in a Sept. 18, 2008 meeting with congressional leaders.
During a Capitol Hill press conference on Thursday, a reporter asked Pelosi, I wonder if you could describe for us in as much detail, sort of regionally or race by race, exactly the scenario that makes you believe that this is a realistic process for Democrats?
Pelosi outlined how she thought the Democratic Party could win back the House of Representatives in November and, after giving her scenario, she added, And theres a very distinct difference the president is pointing out about [how] he wants to take the country forward and they [Republicans] want to take it back to what got us in this trouble in the first place.
(Excerpt) Read more at cnsnews.com ...
"He took us to the depths of Hell, a place so low that even Dante couldnt find it -- make a circle down there, it was so low.
Hmm and what were you doing in 2007 and 2008 when Bush moved the US Economy from heaven to hell Nancy?
OH that right, YOU WERE SPEAKER OF THE US HOUSE!
Think maybe YOU had something to do with the movement Nan?
If anyone would be familiar with “the depths of hell,” it would be Ms. Pelosi. I’m wondering how she managed to escape from there. Probably just TDY (as we used to say in the military-Temporary Duty) here on earth.
Pot meet kettle.
You controlled the House from 2007-2009, Nancy.
Just real quick here....
Who is to blame for the state of the economy in the State of California? Reagan or Schwartzneger?
The major event that crashed the Bush economy was the housing bubble, which was caused by sub-prime loans, which were caused by democrats who insisted that banks were unfairly targeting minorities. The banks were accused of “redlining” and were forced, under threat of lawsuits and sanctions, to make loans to people who couldn’t afford to pay them back. In the liberal meme, this is all Bush’s Fault.
She would have made a good Politburo member...
It was the Dem induced housing policies that sowed the seeds for the financial crisis. Provable fact.
Well Nancy.... You being the queen of hell... You should know..
Somewhere in San Fran a poisonous snake pit is missing a viper.
Disclosure Statements Show Pelosi Made Between $1 And $5 Million On Her Asian Investments During 2011.
And here I was all worried about what to do for laughs when I lost my 3 Stooges DVDs.
Somebody screwed up and gave Nancy a hammer yesterday and she thought a beach ball was a nail and hit the beach ball and the hammer bounced back and hit her in the head and her brain came flying out her ear.
Funny, Pelosi's said the same thing about her gynecologist.
She should know about hell, she runs the place.
This tells the story, why Bush was so bad at the end of his term, or so they say.........
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 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!
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.
What you said. Clinton left us a balanced budget...and a ticking time bomb in the version of the housing market which was inevitably going to explode. Thanks Bill...for nothing.
Except everything was way, way cheaper then, and America didn’t bow down to dictators and communists.
The only two reasons anyone would say differently is
A. They are personally an idiot.
B. They were part of the corruption that caused it.
There is no third reason - everything fits into one of those two.
Throughout much of the US, a whole lot of construction went on for which there really was no prospective occupant. Over supply always crashes the price eventually