Democrats Rule: Republicans Drool….

New York Times — First Drop in Number of Problem U.S. Banks Since 2006… That is the first decrease since the third quarter of 2006

Let’s see….

Third Quarter 2006 — Bush/Cheney
Fourth Quarter 2006 — Bush/Cheney
First Quarter 2007 — Bush/Cheney
Second Quarter 2007 –Bush/ Cheney
Third Quarter 2007 — Bush/ Cheney
Fourth Quarter 2007 — Bush/Cheney
First Quarter 2008 — Bush/Cheney
Second Quarter 2008 — Bush/Cheney
Third Quarter 2008 — Bush/Cheney
Fourth Quarter 2008 — Bush/Cheney
First Quarter 2009 — Bush/Cheney
Second Quarter 2009 — Obama/Biden
Third Quarter 2009 — Obama/Biden
Fourth Quarter 2009 — Obama/Biden
First Quarter 2010 — Obama/Biden
Second Quarter 2010 — Obama/ Biden
Third Quarter 2010 — Obama/Biden
Fourth Quarter 2010 — Obama/Biden
First Quarter 2011 — Obama/ Biden

And the climb back begins………

Second Quarter 2011 — Obama/ Biden

So, where as under the Bush/Cheney doctrine it took 11 financial quarters of downward pressure to get us into this hole, it’s taken only 8 quarters to begin lifting us out….

I would call that a win for the Democratic leadership and a win for the economy.

Because usually when a team comes from way behind to win the game, one usually has to give the team the credit……