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<blockquote data-quote="Up In Smoke" data-source="post: 4365105" data-attributes="member: 79702"><p>Let us remember that incoming elected officials are sworn in on January 20th and their first budgets aren't revealed until the first Monday of February. The budgets then pass thru the House and Senate before coming back to the President to be signed into law. These budgets are not put into place until October 1st. So incoming officials are subject to the previous administrations budget for the majority of their first year. Let us also remember job loses topped 700,000 per month thru the midpoint of 2009. The Dow Jones also bottomed out in mid 2009 to 6,600.00 pts down from 14,500.00 just 18 months earlier. I'm not saying that Obama's budgets saved us, but they stopped the bleeding and allowed the economy and markets to reset.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4365105, member: 79702"] Let us remember that incoming elected officials are sworn in on January 20th and their first budgets aren't revealed until the first Monday of February. The budgets then pass thru the House and Senate before coming back to the President to be signed into law. These budgets are not put into place until October 1st. So incoming officials are subject to the previous administrations budget for the majority of their first year. Let us also remember job loses topped 700,000 per month thru the midpoint of 2009. The Dow Jones also bottomed out in mid 2009 to 6,600.00 pts down from 14,500.00 just 18 months earlier. I'm not saying that Obama's budgets saved us, but they stopped the bleeding and allowed the economy and markets to reset. [/QUOTE]
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