Remember The Day Democrats Took Control
LETTER TO THE EDITOR
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 Senate.
The start of the 110th Congress, the Democratic Party controlled a majority in both chambers for the first time since the end of 103rd Congress in 1995.
For those of you 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 Democrates took over the Senate an 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 52 STRAIGHT MONTHS OF JOB CREATION.
REMEMBER THE DAY January 3rd, 2007 was the day that Barney Frank. took over the House Financial Services Committee, an Chris Dodd 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 for taking us from 12,621 DOW, +3.5 GDP, and 4.6% unemployment to this crisis by (among many other things) dumping 5-6 TRILLION DOLLARS of toxin loans on the economy from the Fannie Mae and Freddie Mac FIASCOS.
Bush asked Congress 17 times to stop Fannie and Freddie starting in 2001 because it was risky for the U.S. economy.
And who fought against reform of Freddie and Fannie — OBAMA AND THE DEMOCRATIC CONGRESS.
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 of the car, they were driving, and now we have 12.6% unemployment and a out of control downward enonomy.