Obama’s Fault: Truthful Talking Points for Congress and Pundits

Truthful talking points are a good thing. Here are few to add to your arsenal. Tweet them, email them to the Romney campaign, your Congressmen and all Republican leadership. As Andrew Breitbart said: Get Busy!

The day the democrats took over was not January 22nd 2009, it was actually January 3, 2007… the day the Democrats took over the House of Representatives and the Senate, at the very 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 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. At the 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.

71% of SubPrime Loans were Government, not Wall Street

Parable of Why Johnny Can’t Borrow

The economic meltdown that happened 15 months later was in what part of the economy?
ANSWER: BANKING AND FINANCIAL SERVICES!

Unemployment added to the Banking and Financial Services CRISIS by (among MANY other things) dumping $5-6 TRILLION of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!

Remember that millions received home loans with no or little downpayment, with no credit checks. Easy credit led these irresponsibles to buy homes they knew they could never afford or qualify for.

People who purchased their homes through traditional lending procedures (down payments and credit checks), also lost jobs and were forced into a market where “irresponsibles” had no equity in their home, had moved in without it costing a dime, and walked out of the house as easily as they moved into it. Neighbors owing through traditional loans were faced with foreclosure signs, overgrown lawns and in some cases, homeless persons invading and living in the empty houses – while homeowner’s children had to walk the sidewalks to get to the school bus.

Home Values: January 2009 $169,900, December 2011 $164,100

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? ANSWER: OBAMA

And who fought against reform of Fannie and Freddie?

ANSWER: OBAMA and the Democrat Congress: Reps. Barney Franks, Maxine Waters and Senator Chris Dodge blackmailing financial institution into making the loans.

Tracking the Mess of Fannie and Freddie

About the $787 Billion stimulus from the American Enterprise Institute:

OK, so without the stimulus, there would be anywhere from 200,000 to 1.5 million fewer people employed right now? That means the current cost-per-job created is somewhere between $4.1 million and $540,000. ~ Jim Pethokoukis using a newly released CBO report.

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. Read details here.

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. 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, 2009.

Disclaimer: I received a large part of the text above from my next to the littlest brother. I do not know the author or the date it was written. I have added to it a few thoughts of my own, with links, emphasis and graphics.

First graphic courtesy of Doug Ross here. Second graph at Remember, Regurgitate, Rebuke.

Linked at Jackie Wellfounder – Raging Against the Rhetoric – thank you!

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  • Dan

    Using every tactic possible to detract from the harsh economic reality and smear Republicans, the Obama forces accuse Republicans of hoping for the worst for the economy. Nobody wants a wounded America, but knowing and seeing the truth is important. Obama has been too lucky for too long. He could benefit from a mirage created by a truly bad economy. A bad economy lowers gasoline prices; and no demand for loans helps keep rates low and the stock market up. But the numbers don’t lie. Obama and the left’s policies and point of view are destructive to the economy. Romney and Republicans everywhere should not be shy about saying so.

  • http://conservativesonfire.wordpress.com Jim at Conservatives on Fire

    Too many people buy Obama’s meme that it was the policies of GW Bush that brought our economy down and that Romney would give us more of the same. Bush was a crap president, but he didn0t cause the financial collapse; Bill (Slick Willy) Clinton did and no one on either side has even tried to correctly explain that truism.

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  • http://mercybsserie.com/ Alex Mun

    We don’t know who was telling the truth. Of course each of the President will tell that the former President makes the economy fall down. What a crap so I don’t believe them all.