Reagan was President between the years of 1981-1989, which is nowhere close to 40 years ago; and it is precisely that kind of Republican mathematical incompetence that shows why you vote Republican.
Secondly, the Democrats did not control Congress for the entire 4 years, for the years 2007-2008, the Democrats did control the House of Representatives. However, the Senate was a 49-49 tie with two Independents (Bernie Sanders and Joe Lieberman). The reason so many said that the Democrats controlled the Senate also was that those two Independents claimed to be left-leaning.
Bernie Sanders is. Joe Lieberman, on the other hand, was voting lockstep with the Republicans (still usually does, actually). And in the few instances when Lieberman remembered who voted him into office and actually voted for the American people, guess who was there to veto any Democrat legislation? That's right, kitten--George W. Bush blocked any Democrat attempts to fix what he was doing. Which means that any Bush policy that had been rubberstamped through by the previous Republican Congress remained in place even after the Democrat win of 2006. So this Republican insistence that the economy collapsed under the Democrats, well that is just false. Bush still had enough power to keep ALL of his policies in place; this economy was destroyed by Republican policies.
But you are right, the Democrats took over in 2009. That is when they gained even more seats in Congress, actually took control of the Senate, and took over the Presidency and got rid of the Bush veto. What happened at that point? Let's find out...
According to Rush Limbaugh and Glenn Beck, in 2008 Bush was short $459 billion in his federal deficit; in 2009 Obama was short $1.42 trillion.
But according to Sean Hannity, the government's fiscal year ends on September 30th of every year, and the new one begins on October 1st. Why is that important? Well, in mid-September of 2008, Bush attempted to get a $700 billion bailout passed in Congress to save the failing financial sector. He failed, the House Republicans blocked the bill. So $150 billion in REPUBLICAN PORK (according to Glenn Beck, who insists he is against all spending by either party despite the fact he backed the $3 trillion Iraq War) was added to the bill to attract those votes. That works, and the Republicans vote to pass the now $850 billion bailout bill. But they cave in mid-October of 2008--AFTER the new fiscal year, Obama's fiscal year, had already begun. Bush was still President, but it was now Obama's fiscal year. Which means that BUSH'S bailout is counting entirely against Obama.
Now if we follow the Republican mantra of personal responsibility, then we must ask the Republicans to take responsibility for their spending.
All numbers in trillions:
0.459 (Bush's deficit) + 0.85 (Bush's bailout restored to him) = $1.309 trillion (Bush's ACTUAL deficit, and the reason Obama keeps saying that he was given a $1.3 trillion debt)
But remember, the bailout is now counting twice (once against Bush and once against Obama), and must be removed from Obama.
1.42 (Obama's deficit) - 0.85 (Bush's bailout) = 0.57 trillion, or to be more grammatically correct $570 billion (Obama's ACTUAL deficit).
1.309 (Bush's deficit) - 0.57 (Obama's deficit) = 0.739, or $739 billion (Savings found in Obama's 2009 spending when compared to Bush's 2008 spending)
Which means that using Republican numbers, and ONLY Republican numbers, that it turns out Obama actually drastically CUT spending by hundreds of billions of dollars. And in fact, since $570 billion is less than half of $1.309 trillion, Obama has actually already held to his promise of cutting the federal deficit in half by the end of his first term--he did it in ONE YEAR (literally 1/4 of the promised time frame).
Some more fun facts for you:
According to treasury.gov, between the years 1960-2010, taxes on the middle and lower classes were lowest under Democrat John F. Kennedy, and second-lowest under Democrat Barack Obama. If Republicans were to get out of the way and let Obama's plan pass now, Obama would take the record for the lowest taxes on the middle and lower classes for that same time frame.
And do you know who has the record for the HIGHEST taxes, BY FAR, during that same time period? Well, that would be none other than that greatest of Republican heroes--Ronald Reagan.
Republican policies--economic collapse.
Democrat policies--lowered spending, lower taxes, and growing economy
· 9 years ago