I must say I have about had it with lying progressives on the left, their willing accomplices on the right, and their obedient lap-dogs in the “mainstream” media in placing this recession at former President Bush’s feet.

Let’s be clear. That claim is a big steaming pile of something you don’t want to step in.

George Walker Bush was elected our 43rd President November 7, 2000 and inaugurated January 20, 2001. His tax policies caused the recession (a mild one to be sure) he inherited from Clinton to reverse itself. By mid-term of his second term (2006), we were pretty “flush” financially. I don’t know about anyone reading this, but MY investments were sailing along just fine.

But, the liberal/progressive wing of the Democrat Party convinced “we the people” that despite our seeming economic prosperity, we were “mired in an unwinable war in Iraq” ~~ a war that we just happened to be winning, DESPITE the obstruction of the left ~~ and that we needed “a change”. Well, a “change” is exactly what we got…mind you, it wasn’t a change for the better…not by a long shot. The newly elected Congress, with both Houses being controlled by Democrats took their seats in January of 2007 (elected in November of 2006).

Here’s where it gets tricky…follow this very closely. CONGRESS controls the pursestrings of the US Budget through the end of September of 2007, we were still operating under a Republican budget (the budget cycle runs from October 1 – September 30). In that year the Dow Jones Industrials hit its historical high of 14,164 (October 9, 2007).

After ONE year of Progressive (socialist) Democrat fiscal policy (October 10, 2008), the DJI was at 8,451 (clue time – that’s a destruction of 40% of the wealth in the country). Five months later (March 6, 2009) it was at 6,627 (that’s a further erosion of 22% in FIVE MONTHS and a total loss of over 53% in less than 18 months). During this same period, the mortgage scandal rocked the country and was largely to blame for the woes in the DJI.

Now, here’s where it gets good.

Who was it that had been warning us about the inevitable housing collapse and the need for more regulation and oversight on at least 5 differnent occassions since 2003? Who TOLD us the housing sector was going to blow up in our faces were steps not taken to reign in Fannie & Freddie?

George W. Bush.

Who joined him in those warnings in 2005?

John McCain.

When did the mortgage troubles start?

In the mid-70s during Carter’s administration (Community Reinvestment Act)

Whose policies exacerbated the Banking/Mortgage sector by forcing banks to give mortgages to people who had absolutely no ability to repay those loans, promising that Fannie & Freddie would buy the “bad paper” from them?

Bill Clinton’s

Who took his seat as a newly elected Senator in January of 2007?

Barack Hussein Obama.

Who obstructed President Bush on reform/regulation, every step of the way while they were in the minority for the first 6 years of GW Bush’s Presidency?

Liberal/Progressive Democrats Harry Reid, Nancy Pelosi, Barney Frank, Kent Conrad, Chuck Schumer, Chris Dodd & last but certainly not least, Barack Hussein Obama.

I should add, there were a handful of Republicans in there, too led by Arlen Specter.

Who continued to poo-poo the CLEAR warning signs of impending disaster, telling us all along that “things are just fine” through 2007 after they took control of both Houses of Congress?

Yup, the liberal/Progressive Democrats led chiefly by Barney Frank, Chris Dodd and Kent Conrad and the same handful of Republicans.

NOW, who is attempting to lay the blame for the economic woes we now suffer at the feet of George W. Bush?

The very same liberals/progressives in Congress who actually brought this fiasco to bear, including the sitting President ~~ Barack Hussein Obama.

I know that I’m going to catch hell from those who are enamored with and awestruck by Obama because the DJI is back over 10,000. For those simple-minded people who are obviously not paying attention, I offer the following.

About a year ago, our money supply consisted of roughly $800 billion dollars (the total number of dollars actually circulating in our economy). To “revitalize” and “stimulate” the economy, the Federal Reserve was directed to print a TRILLION dollars and injected it into circulation, effectively devaluing the dollar by 120%.

Would you like to know what a trillion dollars looks like? Click the following link.

http://www.pagetutor.com/trillion/index.html ~~ That’s 50 pallets x 100 pallets, stacked 2 high. But, I digress…back to the topic at hand.

This means that each dollar you had last year is now worth roughly 45¢. This also means the 10,000 Dow is really closer to 4500 in real value in last year’s dollars. The sad reality is that, since its inception in 1913, the Federal Reserve has devalued our dollar by over 97%. That means that what costs you a dollar today, would have cost you less than THREE CENTS in 1913.

Obama ~~ or as the Administrator of this site rightly calls him, Obastard ~~ is selling us down the river and doesn’t give a rosy rat’s rear-end WHAT we think of him. He is a Liberal Progressive, cut from the same cloth as Woodrow Wilson, FDR, & LBJ, and despises America. “We the People”, according to the Founders, have the DUTY to throw off the chains of tyranny if/when the government becomes oppressive, restricting the God-given liberties of the people.

I can only ask, “What’s taking so long?”

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