Letter: Remember, Jan. 3, 2007, the day Democrats took over Congress


Share
Posted Online: Oct. 01, 2010, 2:07 pm
Comment on this story | Print this story | Email this story
After reading Part 1 of 7 on "candidates on the issues", I noticed that Phil Hare likes to blame the other guy. You cannot keep blaming Bush for everything. Jan. 3, 2007: That is the day Democrats took over the House and Senate, the start of the 110th Congress. The Democratic Party controlled 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 (Jan. 3, 2007): The DOW Jones closed at 12,621.77; The GDP for the previous quarter was 3.5 percent and the unemployment rate was 4.6 percent. George Bush's economic policies set a record oof 52 straight months of job creation (http://www.ontheissues.org/celeb/George_W__Bush_Jobs.htm )

Remember, Jan. 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!

Thank you, Democrats, for taking us from 13,000 DOW, 3.5 GDP and 4.6 percent unemployment to this crisis by dumping trillions of toxic loans on the economy from your Fannie Mae and Freddie Mac fiascos!

And Frank said, "How mean can those Republicans be to deny the less fortunate people of this great nation the right to own thier own home."

And who fought against reform of Fannie and Freddie?Obama and the Democratic Congress

So when some idiot tries to blame Bush, remember Jan. 3, 2007, the day the Democrats took over.

Nick Huyten,

Moline




















 



Local events heading








 

(More History)