Thursday, October 21, 2010

It’s All Bush’s Fault



From a commenter this morning in the Washington Post:

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:
1. The DOW Jones closed at 12,621.77
2. The GDP for the previous quarter was 3.5%
3. The Unemployment rate was 4.6%
4. George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

Remember the day…

1. 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.

2. The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES!

3. Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco’s!

(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001, because it was financially risky for the U.S. economy, but no one was listening).

And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA.

‘Nuff said.

hat tip: The Greenroom.

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