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Why Do People Keep Saying The Economy Failed As Soon As The Democrats Took Over In 2006?

By antivirus software Posted in: RISING

The Democrats won in November 2006, but they didn’t take office until January 2007.http://www.nytimes.com/2007/01/04/washin…
The housing bubble of 2006 set the economic recession in motion while Republicans were still in control. Democrats didn’t take control until January 2007.http://money.cnn.com/2006/12/26/news/eco…
“The economy is stumbling at the end of 2006, setting off alarm bells that growth might not just slow next year but that the nation could tumble into a recession.
The recent trend of slower growth is not expected to be reversed any time soon. Home building and the broader real estate market are both already in a recession by most accounts and are expected to stay there well into next year. Manufacturing could soon follow, according to some recent readings.
While most economists are still expecting the economy to avoid a full-blown downturn next year, several say the odds of a recession have risen. Even the more optimistic analysts are looking for a slowdown in growth in gross domestic product (GDP), the broadest measure of the economy, to between 2 and 3 percent next year, from 3 percent or better this year.”
I find it interesting that lie of “Democrats have been in control since 2006 and that’s when the economy started falling” keeps getting thrown around. President Obama won the Presidency on November 4, 2008, but from that point until January 20, 2009 at 12:00 p.m., President Bush still held the power of the Presidency.
The Republicans that lost their seats in 2006 didn’t give them up until January 2007. You act as if they had to give them up in November 2006 or something.

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  1. Montecor Says

    Unemployment would have gone down by now if republicans wouldn’t keep blocking the Jobs Bill.

  2. Still Quazee Says

    The failed policies of Carter and Clinton, where the roots of the housing market collapse originated were defended by the democratic majority, the failures at Fanny & Freddy were guarded by Bwanny Fwank and the rest. That’s just when the trouble was so obvious they couldn’t hide it any more.

  3. . Says

    They also blame Obama for the $1.4 trillion deficit, but the Bush fiscal year didn’t end until September 2009.

  4. g Says

    democrats RAN on the economy (and Iraq) in 2006…
    that’s why they were elected… it’s like blaming a firetruck for a housefire…

  5. USAF, 1983-1987 Says

    Because republicans are liars that are always trying to blame their screwups on someone else.

  6. Chibi – thulhu Says

    silence… republicans will kill you

  7. Mr. Sunshine Says

    Bush wanted to make changes to Fannie Mae but didn’t get enough support from the repubs and none from the dems.

  8. Myx is back Says

    Why do I deal with such idiots all the time. Do you really believe there is a difference between any politician be that a Democrat or a Republican? I bet you get your facts from MSNBC and Huffinglue post also. I bet you love to watch FOX just to ***** about it. Its all controlled opposition serving the same masters.

  9. gws35 Says

    The Dow reached its all time high of 14,000 in 2007, on Bush’s watch.
    It was no bubble, the Dow was above 10,000 the majority of Bush’s time in office up to that point.
    But after the GOP lost its majority in Congress in 2007, the Dow took its worst one-year plunge in history.
    Bush’s economic policies worked for six years. But after the GOP lost control of Congress, it was all downhill from there.
    After the GOP lost control of Congress, then the GOP was not able to pass legislation that could have prevented the crash.
    The Democrats did nothing. The GOP might have done something, but they couldn’t because they didn’t have a majority anymore.
    Bush’s watchlist system worked for 8 years and 3 days. Even if you start counting with the shoe bomber on 12/22/2001, it kept us safe from airliner bombings until 12/25/2009.
    If the system worked that long, why did it fail less than one year after Obama took office? The problem is not the system, it’s the people who are now runing it.
    They took a system that was working, and in less than a year it fell apart.
    And unemployment was NEVER 10% on Bush’s watch.
    The so-called “mess” that Bush gets blamed for actually happened AFTER the Democrats gained seats in Congress and the GOP lost its majority.
    I think that points to who is REALLY to blame, and why these problems persist after the Democrats have gained even more control.
    UPDATE:
    The Dow rose from 12,000 to 13,000 from October 2006 to April 2007.
    The Dow rose from 10,000 to 11,000 from October 2009 to April 2010.
    The Dow fell from 11,000 to 10,000 from May 3, 2010 to May 21,2010.
    How is Obama doing any better than the “mess” Bush supposedly made?
    And BTW, remember it was Clinton who lied about WMD when he attacked Iraq in 1998.

  10. How_Woul Says

    “most economists are still expecting the economy to avoid a full-blown downturn next year”
    And then Democrats took over..
    Really, you need to put some effort into finding quotes which don’t destroy you own point.

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