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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%
Republican policies before the day that historic day had SET A RECORD of 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 and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy? It was in BANKING AND FINANCIAL SERVICES!
Thank Congress (not the sitting President) 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! Side Note: Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001, because it was financially risky for the U.S. economy, but the Democrats run by Pelosi, Reid, Frank and Dodd blew it off and would not respond (Remember Dodd’s now infamous comment that the proposed changes to Fannie and Freddie “would limit home ownership to only those who could afford it”.
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA himself.
And who were the combatants against reform of Fannie and Freddie??? OBAMA and the Democrat Congress.
So the next time someone tries to blame “Bush” …
REMIND THEM OF 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. Congress was driving. Set the record straight!
So, as you listen to all the commercials and media from the Democrats who are now distancing themselves from their voting record and their party, remember how they didn’t listen to you when you said you didn’t want all the bailouts, you didn’t want the health care bill, you didn’t want cap and trade, you didn’t want them to continue spending money we don’t have.
I’m not forgetting their complicity in getting us into this mess, and I’ll be marking my vote accordingly!
“It’s not that liberals aren’t smart, it’s just that so much of what they know isn’t so.” Ronald Reagan

2 comments
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October 30, 2010 at 4:39 am
gumply
Thanks James,
I needed a lift today and whenever anyone articulates the deploring facts of the communist left it always is encouraging.
It is nice to know that there are other like minded souls out there using the brains that God gave them.
Keep praying that the fools in DC all of them will be gone before I pass on!
November 1, 2010 at 10:00 am
gumply
Here is a little something to tell you where the country is:
http://www.americanthinker.com/blog/2010/11/obama_rallies_dems_speaks_to_h.html
Where are all the obots at?