Skip to comments.Obama inherited the mess NOT from Bush but himself and his party
Posted on 09/29/2012 8:10:57 PM PDT by entropy12
This article explains why Obama and democrats blaming president GW Bush for the inherited economic mess is a blatant lie.
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 Bushs Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
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.
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.
this is true...
I saw a graph (WSJ?) that made the same point, that once both houses of Congress were controlled by the Dems/Marxists, every financial indicator fell, almost immediately.
Confidential to Mitt and Paul...
...This might be useful info for campaign ads and national televised debates.
do ya think some romney people might get it?
We're still operating under it!!!!!!
If Obama couldn’t overcome the situation in 2008, what are the chances he will be able to deal with the much bigger problems facing him in 2012?
Of course it dems fail at financials . they dont know how to make money ..just spend it.
and here's one of the examples....another hearing in 2004!!
It makes my blood boil watching it!....It should be played 24/7s and jammed down the Democraps throats!
Very good video...thanks for the link.
If America only knew....
Will America be lost because noone had the guts to expose Obama?
The best Obama exposure site on the net:
(by our own FReeper, Beckwith)
The Obama File
The United States Library of Congress has selected
TheObamaFile.com for inclusion in its historic collection
of Internet materials
Just a few of the pages:
Here is the sound byte that will stop the “Obama inherited the deficit” nonsense.
Obama did not inherit the deficit, he asked for it, for 11 months during the 2008 campaign he asked for the deficit, Obama told us that only he could fix it. So either Obama knew he couldn't fix and was lying to us just to get elected, or the budget mess is beyond his ability to fix. Either reason is enough to disqualify him from his current position.
Really ticks me off when I hear anyone say ‘The President inherited a mess’!!!
Nancy Pelosi recently said that the policies of the Bush administration created an economy that was so bad that it was in the “depths of hell”—
Exactly, my blood pressure goes up every time I hear that Obama inherited the financial mess from Bush43. But I get even more ticked off when republicans do not respond to it.
There was nothing stopping George from writing VETO on any of this.
May not have been that clear for George. Fannie & Freddie were already in existence when GWB came to power.
Yes, as Rush said the other day, were he to win the election, he would inherit a much worse economy than the one he "inherited" in 2008
The Obama administration is projecting & deflecting.
The GDP for the previous quarter was 3.5% The Unemployment rate was 4.6%
and remember bush was criticised for those numbers?
that the jobs were “low-paying”, etc. ?