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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
The elections in this midterm season are simply important on the national level, to reign inthe obnoxious government power grab, but at the state level because those elected to the State Legislatures this November will redraw their state’s Congressional districts after the Census. This is a powerful tool for the next decade:
Republicans could hold complete control over the redistricting process in several key states after the 2010 elections.
If the party’s gubernatorial candidates were to emerge with wins in Texas, Florida, Ohio, Pennsylvania and Michigan — all states where Republicans either lead or are tied in recent polls — and the GOP holds or wins control of legislative chambers in those same states, Republicans could monopolize the post-2010 redraw.