The Democrat-induced October Surprise in the 2008 Elections

By Anonymous

Some people have short memories…DO YOU REMEMBER JANUARY 3, 2007?  We have been saying this for years, but this piece probably explains it better and more clearly.  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 two days later.  Unemployment was steady at 4.7%.  However, things were already in place to create the havoc we have all been experiencing since then.  Further, it all started as this piece explains on January 3, 2007.

Each of you is receiving this piece regardless of your party preferences because I believe it is something you may not have known or considered.  This tells the story, why Bush was so “bad” at the end of his term.  Do not just skim over this.  It is not very long.  Read and let it sink in.  If in doubt, check it out!

The day the Democrats took over was not January 22, 2009.  It was actually January 3, 2007.  This was the day the Democrats took over the House of Representatives and the Senate, which was at the very start of the 110^thCongress.  The Democrat Party controlled a majority in both chambers for the first time since the end of the 103^rdCongress in 1995.

For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault,” think about this: January 3, 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 3, 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 FIASCOS!  Bush asked Congress 17 TIMES to stop Fannie and Freddie – starting in 2001 because it was financially risky for the U.S. economy.

Who took the THIRD highest payoff from Fannie Mae AND Freddie Mac?  OBAMA!  Who fought against reform of Fannie and Freddie?  OBAMA and the Democrat Congress!  So, when someone tries to blame Bush, REMEMBER JANUARY 3, 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 and 2009 as well as 2010 and 2011.  In that first year, they had to contend with George Bush, which caused them to compromise on spending.  Bush, somewhat belatedly, got tough on spending increases.

For early2009, though, Nancy Pelosi and 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.  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 20, 2009.

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