DO YOU REALLY REMEMBER JANUARY 3, 2007?  This is NOT a political message, but rather
a clarification to remind us all of the correct facts.


Remember that on October 9, 2007, 11 months before our “economic crisis” occurred
(that was actually created), the Dow hit its highest point ever,
closing at 14,164.53 and reaching 14,198.10 intra-day level 2 days later.
 Unemployment was steady at 4.7%. But things were already being put in place to
create the havoc we’ve all been experiencing since then. And it all
started, as this email explains, on January 3, 2007. --LFL
        I'm sending this to each of you
                regardless of your party
                preferences because I believe it
                is something you may not have
                considered.

This tells the story, why Bush
                was so “bad”                 at the end of his term.

Don 't just skim over this, it's
                not very long, read it slowly
                and let it sink in. If in
                doubt,                 check it out!!!

The day the Democrats took over
                was not January 22nd 2009, it
                was actually January 3rd 2007,
                which was                 the day the Democrats took over
                the House of Representatives and
                the Senate, at the very start of
                the110th Congress.

The Democrat Party controlled a
                majority in both chambers for
                the first time since the end of
                the 103rd Congress in 1995.

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:
        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 of 52                 STRAIGHT MONTHS of JOB GROWTH

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?
                BANKING AND FINANCIAL
        SERVICES!

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
                FIASCOES!

Bush asked Congress 17 TIMES to                 stop Fannie & Freddie - starting
                in 2001 because it was
                financially risky for the US
                economy.

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.

So when someone tries to blame
                Bush.                 REMEMBER JANUARY 3rd, 2007....

THE DAY THE DEMOCRATS TOOK                 OVER!"

Budgets do not come from the
                White House. They                 come from Congress and the party
                that controlled Congress since
                January 2007 is the Democrat
                Party.

Furthermore, the Democrats
                controlled the budget process
                for 2008 & 2009 as well as 2010
                & 2011.

In that first year, they had to
                contend with George Bush, which
                caused them to compromise on spending, when Bush somewhat
                belatedly got tough on spending
                increases.

For 2009 though, Nancy Pelosi &
                Harry Reid bypassed George Bush entirely,
                passing continuing resolutions
                to keep government running until
                Barack Obama could take office.
                At that time, they passed a
                massive omnibus spending bill to
                complete the 2009 budgets.

And where was Barack 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, Democrats in
                Congress took control of
                spending, and that includes
                Barack Obama, who voted for the
                budgets.

If Obama inherited anything, he
                inherited it from himself. In a
                nutshell, what Obama is saying
                is I inherited a deficit that I
                voted for and then I voted to
                expand that deficit four-fold
                since January 20th.

        There is no way this will be
                widely publicized,
                unless each of us sends it on!
                PLEASE DO YOUR PART  !!


        r berglund

It goes back further than that. It goes back to when loan requirements
were reduced by the feds so people could buy houses with no money
down and no proof of income.

Paul Lamar



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