The day the Democrats took over the House of Representatives and the Senate was Jan. 3, 2007, at the very start of the 110th Congress. The Democratic Party controlled both chambers for the first time at the end of the 103rd Congress in 1995.
If you are listening to the propagating liberals who are saying that everything is George W. Bush's fault, think again.
In 2007, the deficit was the lowest in five years and the fourth straight decline in deficit spending; after that the Democrats in Congress took control of spending. That includes Barack Obama, who voted for the budgets. So, if Obama inherited any deficit, he inherited it from himself. In other words, what Obama is saying is: "I inherited a deficit that I voted for and then I voted to expand that deficit fourfold since January 20."
So when they say it's Bush's fault, remember Jan. 3, 2007 - the day the Democrats took over. Budgets do not come from the White House, they come from Congress. And who was in control? You guessed it, the Democratic Party. They controlled the budget from 2008 to 2009 as well as 2010 and 2011. And who was in banking and financial services? You guessed it again. That's right Barney Frank of the House Financial Services Committee and Chris Dodd, who took over the Senate Banking Committee on Jan. 3, 2007.
So when you point your finger at someone, remember there are always three fingers pointing back at you.