Tuesday, October 16, 2012

Let's set the record straight please!

After just watching President Obama lie to the American Public tonight in the debate, I feel the need to set the record straight about, as Vice President Joe Biden discussed last week, "where this great recession came from"!

Everyone thinks that the Democrats inherited the economic malaise but let's review!  

George Bush took office in January 2001, less than 9 months later America was attacked by terrorist from the Middle East.  More American's were killed on September 11, 2001 than were killed at Pearl Harbor on December 7, 1941.  We could have easily spun into a very serious recession/depression as our stock market was raped by arbitrage moves by the terrorist and other organizations selling short as soon as the market opened after the attack.  But President Bush took the control of the Country and he set forward a plan to go after those who attacked us.  And it was President Bush's character, strong faith, belief in America and leadership that led America through the worst attack ever.  

For the next 50 + months not only did America recover we had unprecedented job growth and economic prosperity!  

But for reasons no one now can understand, "We the people" decided to elect Democrats to take control of both the House and the Senate, and Bush and the Republican's lost control of the economy, regulatory affairs, and policy in general.

The day the Democrats took control was January 3rd 2007, not inauguration day 2009 when Presdient Obama took office.  The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

On this day, January 3, 2007:
     The DOW Jones closed at 12,621.77
     The GDP for the previous quarter was 3.5%
     The Unemployment rate was 4.6%
     and George Bush's Economic policies had SET A RECORD of 52  STRAIGHT MONTHS of JOB CREATION!
     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 the economic sector, specifically the BANKING AND FINANCIAL SERVICES sectors!

The Democrats have been in control of the economy and governmental operations since 2007 (that's nearly six full years).  They had total control of the government including the White House for 2009 and 2010.  In 2010 "We the People" did win back the House and began the slowing, but could not stop, the destruction to our economy started in 2007 by the Democrats.  

So Vice President Biden the GREAT RECESSION we have been through since 2008 came from you and the Democrats!

Willie P


  1. Excellent points. Too bad for most dems history starts tomorrow. ;)

  2. Excellent point, brilliantly stated.