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subrob1967 -> RE: Why is Romney's campaign so lackluster? (8/7/2012 9:42:50 AM)
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quote:
ORIGINAL: Musicmystery
quote:
ORIGINAL: servantforuse
Obama has one big problem. This election will come down to the economy, and he can't run on that issue. It has been a disaster and is getting worse month by month.
Unfortunately for Republicans, the country hasn't forgotten how we got here, or who brung 'em.
Actually you have forgotten... Or ignore the fact that the Dems have had control of the check book since 07.
Let's see what happened in 07 & 08 shall we?
quote:
2007
May 22: Food, Conservation, and Energy Act of 2008 (One version of this legislation, the Farm, Nutrition, and Bioenergy Act of 2007 was passed by the United States House of Representatives on July 27, 2007. Despite opposition from some senators, including a failed amendment proposal by Senator Richard Lugar and a veto threat by President Bush, the Senate version of the bill, called the Food and Energy Security Act, was passed by the Senate Agriculture Committee on October 25, 2007 and later by the full Senate on December 14.[2][3] In late April 2008, congressional negotiators finally reached a deal to reconcile the House and Senate bills. The deal increased spending on food stamps and other food programs while mostly maintaining the current farm subsidies, despite record farm profits.[4]
On May 15, the House and Senate passed the bill, but President Bush issued a veto on May 21. The House voted to overturn the president's veto shortly thereafter, and with the margins by which the bill was passed, a Senate override also occurred; so the Congress overrode the president's veto, passing the bill into law (Public Law 110-234, the Food and Energy Security Act of 2007).[5][6] However, the veto override was moot, as a 34-page section of the bill was omitted in the version sent to the White House. In effect, the President vetoed a bill Congress never considered. The bill had to be re-passed by Congress.[7])
May 25: U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007
July 26: Foreign Investment and National Security Act of 2007 (The United States House of Representatives passed the bill on February 28, 2007 by a vote of 423 to 0.. The United States Senate passed their version of the bill on June 29, 2007 by unanimous consent. On July 11, 2007, the House passed the Senate's version, S. 1610 by a vote 370-45. The bill establishes a framework for the review of foreign acquisitions of US assets by the Committee on Foreign Investment in the United States (CFIUS). CFIUS reform has been in the works since the Dubai Ports World transaction passed through CFIUS without a formal investigation, leaving a surprised and angry Congress determined to avoid a repetition of that scenario. Impetus for reform first began, however, when the China National Offshore Oil Corporation publicly announced an interest in UNOCAL in 2005, and even earlier that same year, when a GAO report revealed the lack of Congressional oversight and the degree to which some CFIUS transactions were escaping formal investigation through withdrawal of applications, among other things.)
August 9: America COMPETES Act
December 19: Energy Independence and Security Act of 2007
2008
February 13: Economic Stimulus Act of 2008 (The Economic Stimulus Act of 2008 (Pub.L. 110-185, 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions. The stimulus package was passed by the U.S. House of Representatives on January 29, 2008, and in a slightly different version by the U.S. Senate on February 7, 2008. The Senate version was then approved in the House the same day.[1] It was signed into law on February 13, 2008 by President Bush with the support of both Democratic and Republican lawmakers. The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment, and an increase in the limits imposed on mortgages eligible for purchase by government-sponsored enterprises (e.g., Fannie Mae and Freddie Mac). The total cost of this bill was projected at $152 billion for 2008.[2])
June 30: Supplemental Appropriations Act of 2008 (The Supplemental Appropriations Act of 2008 (Public Law 110-252, H.R. 2642), which was signed into law on June 30, 2008.[1] is an Act of Congress that appropriated $250 billion for ongoing military operations and domestic programs.)
June 30: Post-9/11 Veterans Educational Assistance Act of 2008
July 30: Housing and Economic Recovery Act of 2008 (The Housing and Economic Recovery Act of 2008 (Pub.L. 110-289, 122 Stat. 2654, enacted July 30, 2008) (commonly referred to as HERA) designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders write-down principal loan balances to 90 percent of current appraisal value. It was intended to restore confidence in Fannie Mae and Freddie Mac by strengthening regulations and injecting capital into the two large U.S. suppliers of mortgage funding. States are authorized to refinance subprime loans using mortgage revenue bonds. Enactment of the Act led to the government conservatorship of Fannie Mae and Freddie Mac.) Who was it championing this again? Oh yeah Dodd & Frank
August 14: Consumer Product Safety Improvement Act (The Consumer Product Safety Improvement Act of 2008 is a United States law signed on August 14, 2008 by President George W. Bush. The legislative bill was known as HR 4040, sponsored by Congressman Bobby Rush (D-Ill.). On December 19, 2007, the U.S. House approved the bill 407-0. On March 6, 2008, the U.S. Senate approved the bill 79-13.[1] The law—public law 110-314—increases the budget of the Consumer Product Safety Commission (CPSC), imposes new testing and documentation requirements, and sets new acceptable levels of several substances. It imposes new requirements on manufacturers of apparel, shoes, personal care products, accessories and jewelry, home furnishings, bedding, toys, electronics and video games, books, school supplies, educational materials and science kits. The Act also increases fines and specifies jail time for some violations) Thank you Bobby Rush
October 3: Emergency Economic Stabilization Act of 2008 (Over the weekend (September 27–28), Congress continued to develop the proposal. That next Monday, the House put the resulting effort, the Emergency Economic Stabilization Act of 2008, to a vote. It did not pass. US stock markets dropped 8 percent, the largest percentage drop since Black Monday in 1987.
Congressional leaders, including both presidential candidates, started working with the Bush Administration and the Treasury department on key negotiation points as they worked to finalize the plan. Key items under discussion included:[132][133]
Additional foreclosure avoidance and homeowner assistance
Executive pay limits
Government equity interests in firms participating in program, to provide additional taxpayer protection
Judicial review, Congressional oversight and right to audit
Structure and authority of the entities that will manage the program) Hmm looks like Obama had a hand in this as well.
October 13: Drug Trafficking Vessel Interdiction Act
October 16: Rail Safety Improvement Act of 2008
Linky link
Keep blaming Boooosssshhhhhh while the rest of us laugh at you.
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