January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At that time:
DOW Jones closed at 12,621.77
GDP for the previous quarter was 3.5%
Unemployment rate was 4.6%
The 2007 Annual Budget deficit was $161.5 Billion dollars.
Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
ON THAT DAY, JANUARY 3RD 2007:
Barney Frank took over the House Financial Services Committee.
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!!!
The Current Annual Budget deficit is $1.5 Trillion Dollars.
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 ! (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.
Question: Which Political Party took Social Security from the Independent “Trust Fund” and put it into the General Fund so that Congress could spend it?
Answer: It was Lyndon B. Johnson (Democrat, Term Of Office: November 22, 1963 to January 20, 1969) and the democratically Controlled House and Senate.
Question: Which Political Party eliminated the income tax Deduction for Social Security (FICA) withholding?
Answer: The Democratic Party.
William Jefferson Clinton
Democrat Term of Office: January 20, 1993 to January 20, 2001
Albert Arnold Gore, Jr. (Al Gore), 45th. Vice President
Democrat Term of Office: January 20, 1993 to January 20, 2001
Question: Which Political Party started taxing Social Security annuities?
Answer: The Democratic Party, with Albert Arnold Gore, Jr. (Al Gore) [Vice President Term of Office: January 20, 1993 to January 20, 2001] casting the “tie-breaking” deciding vote as
President of the Senate, while he was Vice President of the US .
James Earl Carter, Jr (Jimmy Carter), 39th. President, Democrat, Term of Office: January 20, 1977 to January 20, 1981
Question: Which Political Party decided to start giving Annuity payments to immigrants?
Answer: That’s right! James Earl Carter, Jr. (Jimmy Carter) (Democrat, Term of Office: January 20, 1977 to January 20, 1981) and the Democratic Party.
Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!
Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away! And the worst part about it is uninformed citizens believe it!
I got this in an email last year, I doubt this is the change that was hoped for.