I just got this in an email from a friend. Looks pretty interesting to me
This is pretty interesting! But it should be rather simple with anyone having an open mind. Remember studying the three branches of government when we were in grammar school?
It’s time for the Republicans to clear the air about Obama ‘inheriting’ the current economy from Geo. W. Bush. The Republicans seem to be afraid to challenge Obama. I don’t know why. Please look at the information below for a full explanation of “Inherited”. And remember: If it weren’t for the United States military, there’d be NO United States of America.
Here’s the scoop on what Obama inherited.
I’m Sick of “Inherited”
The Washington Post babbled again today about Obama “inheriting a huge deficit from Bush.” Amazingly enough, a lot of educated people swallow this nonsense without even thinking about it.
So once more, I’ll try giving a short civics lesson. This is what we learned in high school/college, if we were paying attention and did our homework.
Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democratic Party. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 2011. That’s three years!!
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 FY 2009, though, Nancy Pelosi and 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 FY 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 FY 2009.
Let’s remember what the deficits looked like during that period:
If the Democrats inherited any deficit, it was the FY 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, the Democrats in Congress took control of the 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.”
WAKE UP AMERICA, BEFORE IT IS TOO LATE.