GOOD READING. ALL AMERICANS SHOULD READ THIS AND UNDERSTAND HOW WE GOT TO WHERE WE ARE NOW. REMEMBER JANUARY 3, 2007 ? ? ? This tells the story, why the economy was so bad at the end G. W. Bush's last 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 control of Congress was not January 22nd 2009, it was actually January 3rd 2007. On that day the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th 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 control of BOTHthe Senate and the House of Representatives. 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 W. Bush's Economic policies had SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH Remember the day... January 3rd, 2007 - was the day that Democrat Barney Frank took over the House Financial Services Committee and Democrat Senator 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 soared due 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? BARACK HUSEIN OBAMA. And who fought against reform of Fannie and Freddie? BARACK HUSEIN OBAMA and the Democrat Congress. So when someone tries to blame Bush . . . REMEMBER JANUARY 3rd, 2007.... THE DAY THE DEMOCRATS TOOK OVER CONTROL OF CONGRESS!" 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 the first part of 2008, until the November election, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases. Beginning on November 5, 2008 (after the Presidential election), 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 same 2008 Congress that passed all of these massive spending bills, and then 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, 2009."