Beyond the Surface: Spending and Deficits, Congressional Year Breakdown
September 4, 2012 in Economic Policy, Restoring Country, Restoring Family
By Kim Lewandowski In 2007, the Democratic 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 fallacy that everything is “Bush’s Fault”, think about this: On January 3, 2007, the day the Democrats took control of Congress, the DOW Jones Industrial Average value was, at closing January 5, 2007: 12,398.01. Since then, from June 20, 2008 to January 28, 2011 it went well below 12,000 (as far down as 6,626.94 on March 6, 2009). It is finally showing some signs of recovery, but even the current Dow is inflated by virtually free money and the cash-printing of the Fed. The GDP: For the last quarter of 2006 was 3.5%. And for the first quarter of 2012 is 2.2%. The Unemployment rate: Was 4.6% in January of 2007, and at 8.1% currently. Please note [...]

