January 3, 2007: The Day the Democrats Took Over Congress

Just in case you have forgotten….a little reminder is in order!!!!!

January 3rd, 2007 was the day the Democrats took over the United States Senate and the House of Representatives.

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 CREATION!

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?


Bush asked Congress 17 TIMES to regulate Fannie & Freddie—starting in 2001—because their behavior was financially risky for the US economy. Barney Frank said he would rather “roll the dice” on their viability.

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 the Democrat Party Fannie Mae and Freddie Mac slush fund fiascos!

And who took the top three highest pay-offs from Fannie Mae AND Freddie Mac over the period from 1989 to 2008?

  1. Christopher Dodd
  2. Barack Obama
  3. John Kerry

Notice how Barack Obama made it to #2 in two years as a Senator, while both Kerry and Dodd required 20 years to get to their #1 and #3 positions! Fannie Mae and Freddie Mac must have loved them some Barack Obama!

And who fought against reform of Fannie and Freddie???

  • Frank, Dodd, Obama, and the rest of the Democratic Congress

So when some one tries to blame Bush remember January 3rd, 2007…. the day the Democrats took over Congress! Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel: They were driving.

So while George W. Bush has plenty to answer for, he was not the one who set the US economy on the road to ruin. That took putting the Democrats in charge. I think we have now started to see the change that Obama was planning to inflict on the people of the US. It started in 2007 and just keeps getting worse every day. Set the record straight on the Democrat Controlled Congress of 2007 to 2010!

If something is not done, everyone who is poor or middle class will be returning to their hot dogs and beans days. Not Obama though. He will continue to enjoy his taxpayer funded feasts of Wagyu beef and Cape Cod lobster.

h/t: Stix