Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama inherited the mess NOT from Bush but himself and his party
email | Sept 2012 | unknown

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.


TOPICS: Business/Economy; Miscellaneous; Politics/Elections
KEYWORDS: 110th; bush; chat; inheritedmess; obama; vanity
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

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.

1 posted on 09/29/2012 8:11:04 PM PDT by entropy12
[ Post Reply | Private Reply | View Replies]

To: entropy12

this is true...


2 posted on 09/29/2012 8:12:41 PM PDT by dalebert
[ Post Reply | Private Reply | To 1 | View Replies]

To: dalebert
I have often wondered why alleged conservative pundits don't make this clear and easily followed case more frequently.

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.

.

3 posted on 09/29/2012 8:18:27 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
[ Post Reply | Private Reply | To 2 | View Replies]

To: dalebert
It really is true, but the Dumacrats will never believe it. After all that is real deep stuff for them.
4 posted on 09/29/2012 8:18:52 PM PDT by ANGGAPO (Layte Gulf Beach Club)
[ Post Reply | Private Reply | To 2 | View Replies]

To: entropy12

http://www.youtube.com/watch?v=FB3BcUKmSlo


5 posted on 09/29/2012 8:21:17 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Seaplaner

do ya think some romney people might get it?


6 posted on 09/29/2012 8:23:14 PM PDT by dalebert
[ Post Reply | Private Reply | To 3 | View Replies]

To: entropy12
Not only did Obama inherit the idiot Pelosi's idiotic budget...

We're still operating under it!!!!!!

7 posted on 09/29/2012 8:26:23 PM PDT by Tex-Con-Man (T. Coddington Van Voorhees VII 2012 - "Together, I Shall Ride You To Victory")
[ Post Reply | Private Reply | To 1 | View Replies]

To: dalebert

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?


8 posted on 09/29/2012 8:27:13 PM PDT by oldbrowser (An empty chair attracts a stadium full of empty chairs.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Seaplaner

Of course it dems fail at financials . they dont know how to make money ..just spend it.


9 posted on 09/29/2012 8:30:57 PM PDT by dalebert
[ Post Reply | Private Reply | To 3 | View Replies]

To: dalebert

BTTT!!!!


10 posted on 09/29/2012 8:35:39 PM PDT by ConservativeMan55
[ Post Reply | Private Reply | To 9 | View Replies]

To: dalebert
Bush asked Congress 17 TIMES to stop Fannie & Freddie -<<

and here's one of the examples....another hearing in 2004!!
http://www.youtube.com/watch?gl=CO&hl=es-419&v=Yga7TlsA-1A

It makes my blood boil watching it!....It should be played 24/7s and jammed down the Democraps throats!

11 posted on 09/29/2012 8:38:51 PM PDT by M-cubed
[ Post Reply | Private Reply | To 2 | View Replies]

To: hosepipe

Very good video...thanks for the link.


12 posted on 09/29/2012 8:40:23 PM PDT by entropy12
[ Post Reply | Private Reply | To 5 | View Replies]

To: M-cubed

http://www.youtube.com/watch?v=6CgJq8OYEl0


13 posted on 09/29/2012 8:57:36 PM PDT by chicken head
[ Post Reply | Private Reply | To 11 | View Replies]

To: entropy12
Who's mess will he inherit if he gets re-elected?
14 posted on 09/29/2012 9:16:08 PM PDT by MaxMax
[ Post Reply | Private Reply | To 1 | View Replies]

To: dalebert

BTTT


15 posted on 09/29/2012 9:25:43 PM PDT by CitizenM (Obama - The architect of the decline of the U.S.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: entropy12

.

.

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
http://www.theobamafile.com/index_next_personal.html

The United States Library of Congress has selected
TheObamaFile.com for inclusion in its historic collection
of Internet materials
http://theobamafile.com/LibraryOfCongress.html

Just a few of the pages:

http://www.theobamafile.com/index_next_politics.html

http://www.theobamafile.com/BarackObama.htm

http://www.theobamafile.com/_family/FamilyPage.htm

http://www.theobamafile.com/ObamaEducation.htm

http://www.theobamafile.com/ObamaPsychology.htm

http://www.theobamafile.com/ObamaReligion.htm

http://www.theobamafile.com/ObamaWife.htm

http://www.theobamafile.com/_associates/ObamaAssociates.htm

http://www.theobamafile.com/ObamaIconography.htm

.

.


16 posted on 09/29/2012 9:30:29 PM PDT by patriot08 (TEXAS GAL- born and bred and proud of it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dalebert

bump


17 posted on 09/29/2012 9:34:45 PM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: entropy12
The reason this will not make a difference for most is because of the sound byte culture we live in. If it takes more than 30 seconds to explain, most folks lose interest.

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.

18 posted on 09/29/2012 9:34:45 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12

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”—
Unfrigginbelievable


19 posted on 09/29/2012 9:44:24 PM PDT by griswold3 (Big Government does not tolerate rivals.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: griswold3

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.


20 posted on 09/29/2012 10:06:40 PM PDT by entropy12
[ Post Reply | Private Reply | To 19 | View Replies]

To: entropy12

And?

There was nothing stopping George from writing VETO on any of this.


21 posted on 09/29/2012 10:15:25 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vendome

May not have been that clear for George. Fannie & Freddie were already in existence when GWB came to power.


22 posted on 09/29/2012 10:23:02 PM PDT by entropy12
[ Post Reply | Private Reply | To 21 | View Replies]

To: oldbrowser
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?

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

23 posted on 09/29/2012 10:25:10 PM PDT by Mygirlsmom (I weep for those who fought and died for our country only to have people give it up for 250 free min)
[ Post Reply | Private Reply | To 8 | View Replies]

To: entropy12

The Obama administration is projecting & deflecting.


24 posted on 09/29/2012 10:36:36 PM PDT by Republican1795.
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12

Yep.


25 posted on 09/29/2012 10:42:15 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 22 | View Replies]

To: M-cubed
I remember..he also asked them to reign in spending.
26 posted on 09/29/2012 10:54:50 PM PDT by dalebert
[ Post Reply | Private Reply | To 11 | View Replies]

To: entropy12

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. ?


27 posted on 09/30/2012 3:48:08 AM PDT by Elendur (It is incumbent on every generation to pay its own debts as it goes. - Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson