Reblogged on komonsentsjane on 12/10/2025
KOMMONSENTSJANE – AMERICAN BETRAYAL.
Posted on April 23, 2014 by kommonsentsjane
Do you remember January 3, 2007? This is the day the Democrats took over the House of Representatives and the Senate, the very start of the 110th Congress. The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995. On this day, January 3, 2007, the day the Democrats took over the Senate and the Congress, 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, the younger, economic policies set a record of 52 straight months of job creation.
Remember that day, January 3, 2007, was the day that Barney Frank 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? Thank you Democrats, especially Barney, for taking us from 13,000 DOW, 3.5% GDP, and 4.6% 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 fiascos. Bush asked Congress 17 times to stop Fannie and Freddie, starting in 2001, because it was financially risky for the U.S. economy. Barney blocked it and called it a “Chicken Little Philosophy;” and, as we all know the sky did fall. 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, especially Barney – because this was his baby!
So, when someone tries to blame the Bush-era, remember January 3, 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 the steering wheel when they drove the economy into the ditch – not off the cliff, at this time – that happened later. Budgets came from the Democratic Congress. This party controlled the budget process for 2008, 2009, 2010, and 2011. In that first year, they had to contend with Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
During 2009 though, Pelosi and Reid bypassed Bush entirely, passing continuing resolutions to keep the government running until Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget. And, where was 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, all hell broke loose, the Democrats took control of spending and that includes Obama. If Obama inherited anything, he inherited it from himself. Therefore, in a nutshell, what Obama has been saying is, “I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.” And, as of this date, they have torpedoed any debt reduction and instead have increased the debt to $17 trillion, repeat $17 trillion. The king and my lady are living high on the hog while the poor folks are living off the hard-working folks who are trying to make a living to survive and pay for the “poor” folks.
The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living. This cycle was created for by a Socialist Democratic political ideology. It has been in the making by this party for many years. We must work hard in the 2014 election and break this cycle of socialism. The Democrats are lieing to the American people to achieve their “Alinsky socialist goals.” If you don’t want to live like Russia, China, and other countries of the world and be under the dictatorship of the leader – you had better rethink your position. Reference my article: Beware of the Useful Idiots, April 12, 2014.
kommonsentsjane
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