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Thread: was it Bush's fault?

  1. #1
    Registered User justasportsfan's Avatar
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    was it Bush's fault?

    just posting what a friend sent me.......



    Not a Republican point of view or Democrat, simply the facts... There have been many foreign influences on the social networking sites spouting garbage. this is in answer to that crap.

    You probably don’t remember so to refresh your recollection of the important facts on that date, read the following message.

    This is NOT a political message, but rather a clarification to remind us all of the correct details in the past… this is history; not empty rhetoric.

    Remember that on October 9, 2007, 11 months before our “economic crisis” occurred, the Dow hit its highest point ever, closing at 14,164.53 and reaching 14,198.10 intra-day level 2 days later.

    Unemployment was steady at 4.7%, but things were already being put in place to create the havoc we’ve all been experiencing since then and it all started on January 3, 2007.

    The day the Democrats took over the government was not January 22, 2009, it was actually January 3rd 2007, at the very start of the 110th Congress.

    The Democrat Party controlled a majority in both the House of Representatives and the Senate 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 the Senate and the Congress.

    Now think about this; at that 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 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? That’s right; BANKING AND FINANCIAL SERVICES!

    President Bush, John McCain and many Republicans warned of the impending danger if Congress passed the housing and financial laws that the Democrats proposed. But Barney Frank, Chris Dodd, Maxine Waters, Gregory Meeks, Nancy Pelosi, Charles Schumer and many other Democrats declared that Fannie Mae and Freddie Mac were in great condition and there was NO PROBLEM! The Democrats accused the Republicans of using scare tactics to deprive low income people from homeownership.

    A financial CRISIS was created by dumping almost 6 TRILLION Dollars of toxic loans on the economy from Fannie Mae and Freddie Mac from the unsecured loans.

    President George W. Bush asked Congress 17 TIMES to stop Fannie Mae & Freddie Mac; actually starting in 2001 because it was financially risky for the US economy.

    And who was the CEO of Fannie Mae at the time? Franklin Raines, who absconded with millions of dollars and was indicted for illegal activities.

    And who is Franklin Raines? Barrack Obama’s financial advisor.

    And who took the THIRD highest pay-off from Fannie Mae and Freddie Mac? BARRACK OBAMA!

    And who fought against reform of Fannie and Freddie? Senator OBAMA and the Democrat Congress!

    So when someone tries to blame Bush. REMEMBER JANUARY 3rd, 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 & 2009 as well as 2010 & 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 2009 though, 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 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 even with the massive costs of the Iraq war. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. Obama even voted against raising the debt ceiling and stated that it was un-American to run up such a deficit.

    If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that my fellow Democrats proposed and I voted for and then I voted to expand that deficit four-fold since January 20th.

    And don’t forget that unemployment is higher today than it was on Barrack Obama’s first day in office almost 4 years ago. Where is the hope?

    We’ve seen the change… Socialism!

    Now that my friends; are the facts!

  2. #2
    Registered User chernobylwraiths's Avatar
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    Re: was it Bush's fault?

    Ha, that doesn't sound partisan at all.

  3. #3
    Drink Responsibly dannyek71's Avatar
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    Re: was it Bush's fault?

    You are not thinking progressive enough.
    [

  4. #4
    Registered User MST3KBillsfan's Avatar
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    Re: was it Bush's fault?

    Quote Originally Posted by justasportsfan View Post
    just posting what a friend sent me.......



    Not a Republican point of view or Democrat, simply the facts... There have been many foreign influences on the social networking sites spouting garbage. this is in answer to that crap.

    You probably don’t remember so to refresh your recollection of the important facts on that date, read the following message.

    This is NOT a political message, but rather a clarification to remind us all of the correct details in the past… this is history; not empty rhetoric.

    Remember that on October 9, 2007, 11 months before our “economic crisis” occurred, the Dow hit its highest point ever, closing at 14,164.53 and reaching 14,198.10 intra-day level 2 days later.

    Unemployment was steady at 4.7%, but things were already being put in place to create the havoc we’ve all been experiencing since then and it all started on January 3, 2007.

    The day the Democrats took over the government was not January 22, 2009, it was actually January 3rd 2007, at the very start of the 110th Congress.

    The Democrat Party controlled a majority in both the House of Representatives and the Senate 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 the Senate and the Congress.

    Now think about this; at that 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 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? That’s right; BANKING AND FINANCIAL SERVICES!

    President Bush, John McCain and many Republicans warned of the impending danger if Congress passed the housing and financial laws that the Democrats proposed. But Barney Frank, Chris Dodd, Maxine Waters, Gregory Meeks, Nancy Pelosi, Charles Schumer and many other Democrats declared that Fannie Mae and Freddie Mac were in great condition and there was NO PROBLEM! The Democrats accused the Republicans of using scare tactics to deprive low income people from homeownership.

    A financial CRISIS was created by dumping almost 6 TRILLION Dollars of toxic loans on the economy from Fannie Mae and Freddie Mac from the unsecured loans.

    President George W. Bush asked Congress 17 TIMES to stop Fannie Mae & Freddie Mac; actually starting in 2001 because it was financially risky for the US economy.

    And who was the CEO of Fannie Mae at the time? Franklin Raines, who absconded with millions of dollars and was indicted for illegal activities.

    And who is Franklin Raines? Barrack Obama’s financial advisor.

    And who took the THIRD highest pay-off from Fannie Mae and Freddie Mac? BARRACK OBAMA!

    And who fought against reform of Fannie and Freddie? Senator OBAMA and the Democrat Congress!

    So when someone tries to blame Bush. REMEMBER JANUARY 3rd, 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 & 2009 as well as 2010 & 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 2009 though, 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 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 even with the massive costs of the Iraq war. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. Obama even voted against raising the debt ceiling and stated that it was un-American to run up such a deficit.

    If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that my fellow Democrats proposed and I voted for and then I voted to expand that deficit four-fold since January 20th.

    And don’t forget that unemployment is higher today than it was on Barrack Obama’s first day in office almost 4 years ago. Where is the hope?

    We’ve seen the change… Socialism!

    Now that my friends; are the facts!
    Gotta love chain emails. I wonder how many times your "friend's" email has been forwarded.

  5. Post thanked by:

    BillsFever21 (11-04-2012),notacon (11-04-2012)

  6. #5
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    Re: was it Bush's fault?

    LOL I love starting out the day with a good laugh, so thanks for that sportsfan!!!

    And to answer your question, yeah it was Bush's fault, and the American people know that.

  7. #6
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    Re: was it Bush's fault?

    Today’s jobs report from the Bureau of Labor Statistics showed that the American economy added 114,000 jobs in September. BLS also revised the job gains for July and August up by a total of 86,000, and the report contained several other good signs for the economy. The private sector has now added jobs for 31 consecutive months, and there are more than 600,000 more total jobs than there were when Obama took office, even though the public sector continues to lag behind.

    At the same point in his administration, President George W. Bush’s record wasn’t as positive. Through 44 months, the private sector had lost more than 1 percent of its jobs (under Obama, it has gained 0.46 percent), and the only reason Bush could claim positive overall growth was because the public sector had grown by almost 4 percent.

    Both presidents experienced recessions early in their terms, but as this chart from Nick Bunker and Michael Linden from the Center for American Progress shows, the labor market has recovered faster under Obama even though the Great Recession was deeper and more painful than the 2001 recession:
    http://thinkprogress.org/economy/201...que/?mobile=nc


  8. #7
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    Re: was it Bush's fault?

    Under Obama, the public sector has shrunk by more than 600,000 jobs, increasing only while the government conducted the 2010 Census. Without those losses, the unemployment rate would be near 7 percent. The unemployment rate would be lower still had Republicans not blocked the American Jobs Act, which economists estimated would have added more than one million jobs to the economy.

  9. #8
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    Re: was it Bush's fault?

    Funny how the party that always screams about shrinking govt, gets into office and expands it! (Both Reagan and Bush) Effing clowns!!

    While the public sector has actually shrunk under Obama!!

    I know, I know, No Facts Allowed! Sorry, just can't help myself with that reality stuff!!

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    BillsFever21 (11-04-2012)

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    Re: was it Bush's fault?

    Facts bitches, facts!!!

    Government Jobs Buoyed Bush’s Economy And Sunk Obama’s (CHART)


    http://tpmdc.talkingpointsmemo.com/2...amas-chart.php

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    Re: was it Bush's fault?

    “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”

    ― John Rogers

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  14. #11
    i appear missing JoeMama's Avatar
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    Re: was it Bush's fault?

    Wow, what a shocker.

    A right-winger gleaning political information from a spam email... didn't see that coming.



    A permutation of this email circulated in 2008 and was debunked for cherry picking data to make a spurious connection between the lagging economy (as the housing bubble inched toward its inevitable demise) and the 2006 mid-terms, where Democrats had a good showing.

    FWIW, kudos to denverboz for bringing the pain

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    denverboz (11-04-2012),jimmifli (11-05-2012)

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    Registered User IlluminatusUIUC's Avatar
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    Re: was it Bush's fault?

    Quote Originally Posted by denverboz View Post
    “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”

    ― John Rogers
    LMFAO, love it!
    Billszone 2013 Prediction Contest winner!

  17. #13
    It's soooo embarrassing YardRat's Avatar
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    Re: was it Bush's fault?

    Quote Originally Posted by denverboz View Post
    Under Obama, the public sector has shrunk by more than 600,000 jobs, increasing only while the government conducted the 2010 Census.
    If you've got a link or any other info that details where those jobs specifically came from, and if they were actually 'body in place' positions or unfilled budgetary positions it would be greatly appreciated. Thanks in advance.

    Long you live and high you fly And smiles you'll give and tears you'll cry And all you touch and all you see Is all your life will ever be.

  18. #14
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    Re: was it Bush's fault?

    Anytime you see a chain email that starts with... "Not a Republican point of view or Democrat, simply the facts..." You know it IS going to give a Republican point of view or a Democrat point of view. This one has the added plump of saying it's "simply the facts" and then proceeds to mangle "facts" with illogic and hubris.

    Then, adding insult to ignorance, it goes on to say that "
    This is NOT a political message, but rather a clarification to remind us all of the correct details in the past… this is history; not empty rhetoric."

    When you hear that, it usually means that what you are about to read IS a political message...a very partisan one. When it says that it's not going to dish out "empty rhetoric" you KNOW that as you read you WILL be hit with empty rhetoric. In this case, it is simply nonsensical empty rhetoric wrapped up with profound lack of intellectual curiosity topped off with partisan cherry on top filled with lack of logic and incredible gullibility.

    "Post Hoc, Ergo Propter Hoc". Look it up.

    This chain email suffers from a lack of depth and critical thinking. Yes, Barney Frank and Chris Dodd took over the chairmanship's indicated. What is missing is the elephant in the room. What did they do, specifically, to encourage or cause the financial crisis that was right around the corner???? If the Republicans were still holding Congress, what specifically would they do differently that was not done by the Democrats??

    I think you all know the answer. This chain email is total 100% unmitigated BULL****!!! Not worth the time to go through it point by point. It's like responding to an immature retard who does not understand how anything works....all the writer knows is partisan far right wing talk radio talking points....no thought behind it. Just regurgitation in order to try and blame a political party that had little, if anything to do with what happened after 6 years of solid one party rule.

    This type of blame shifting is disgusting. You can never correct the mistakes of the past if you obscure the realty of the past.

    Post Hoc, Ergo Propter Hoc is the epitome of cluelessness and hubris.
    Last edited by notacon; 11-04-2012 at 11:01 AM.

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    Registered User EricStratton's Avatar
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    Re: was it Bush's fault?

    I would have to mark this up as plagiarism but then I'm not teaching today so what do I know.

    I said you need to strive to better than everyone else. I didn't say you needed to be better than everyone else. But you gotta try. That's what character is. It's in the try.

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  22. #16
    Registered User BillsFever21's Avatar
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    Re: was it Bush's fault?

    Quote Originally Posted by denverboz View Post
    Funny how the party that always screams about shrinking govt, gets into office and expands it! (Both Reagan and Bush) Effing clowns!!

    While the public sector has actually shrunk under Obama!!

    I know, I know, No Facts Allowed! Sorry, just can't help myself with that reality stuff!!
    That's all you hear from the Republicans and Faux News on just about every show. They must like to ignore the facts though.

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