Freedom Guard

Freedom Guard Issues of Concern

The Truth About Budgets and The Economy

Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democratic Party.. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 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 FY 2009, 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 FY 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 FY 2009. Let's remember what the deficits looked like during that period:

If the Democrats inherited any deficit, it was the FY 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 2008."

WAKE UP, AMERICA , BEFORE IT'S TOO LATE

Now that our country is heading for bankruptcy let's get our facts straight.. The day the Democrats took over was not January 22nd 2009 -- it was actually January 3rd 2007.

The day the Democrats took over the House of Representatives and Senate, the 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 of you who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this:

At the time - January 3rd, 2007:

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 CREATION!

http://www.ontheissues.org/celeb/George_W__Bush_Jobs.htm
http://www.ontheissues.org/celeb/George_W_Bush_Jobs.htm

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!

THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% 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!
(BTW: 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 & the Democrat Congress

So when some idiot tries to blame Bush REMEMBER 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, they were driving.