President Trump is about to fix another Obama screw up

I never stated otherwise. The shuttle missions in the first two years of Obama's administration had already been planned and budgeted. But if Obama had tried to increase NASA's funding enough to refurbish or redesign the shuttles, the right would have been screaming out loud about the expense. So he focused on economic recovery instead. And now here is the right, refusing to give him credit for the turnaround and slow growth, and blaming him for not doing something they would fought him on at the time. Hypocrisy.

 

no, it was directly caused by republicans killing every single bill attempting to regulate fanny/freddy from 2001-2007.

 

Really is that left spin for "Subprime mortgagaes"

 

Let's say you are correct, that unnecessary rebuilds were being done. All Obama had to do was address that issue, instead of canceling the program.

 

Wow, rewriting history there. It was the Democrats who refused to reform F&F, and Sen. Frank was leading the effort to kill any reform bill.

 

Nope.........

https://financialservices.house.gov...11/timeline_for_fannie_freddie_regulation.pdf

 

Your bloviating aside, The "Bush recession" was caused by the democrat party housing scheme as logical1 said.

 

In all due respect, that is flat out ass backwards.

 

it's a matter of historical record. Here is the congressional voting record for every single bill attempting to regulate fanny/freddy from 2001-2007. Every single one was killed by republicans.


http://www.politicalforum.com/index...-obama-screw-up.573066/page-2#post-1071731918

 

this is demonstrably false

 

That would make sense only if you acknowledged also the 8 years of incompetent Bush administration who did nothing about it. Amazing how the gop bails out when the going gets tough. Still, Bush admin raised a balanced budget to one with a deficit of record highs. It was the Dems fault ? More hysterically funny every time you make the claim. Surprised you aren’t blaming Obama for lowering the deficit by 60% and the trump lead gop, nearly doubling it the first year they had TOTAL control. Keep repeating it....someone will fall for it.

 

Of course you have evidence to the contrary ? Not. We have history. Under 8 years of Bush, the economy collapsed like a tent. Now the gop is 10 of 11 recessions under gop budgets.

 

Btw, logic only works if it’s based on facts. Real logic based on facts with real evidence says no such thing.

 

Obama was gifted at building burning piles of garbage, not working with NASA. Besides, Putin probably wouldn't let him do anything so noteworthy. lol

 

Trump is a science buff ? Could have fooled everyone.

 

Obama was a science clown. A 4 year old with telescope knew more about science then Obama.

I heard Obama was good at spying on Americans though. That he could do.

lol

 

Wait...I am trying to understand liberal logic....Bush terminated the shuttle program by flying shuttles....gotcha...yeah....but Obama actually didn't do it, when he canceled the program....and then paid Russia billions to fly our astronauts into space.

 

Can you explain then how it was that Bill Clinton opened up Freddie and Fannie, incented them greatly to buy and bundle the subprime mortgages that started under Carter and grew leaps and bounds under Clinton pressure (and, BTW, are the genesis of the 2008 collapse), and put his cronies in at high salaries to run them? Can you rationalize that when Bush and McCain worked hard to regulate the derivatives market they were stopped cold by Sen. Dodd?

 

What do you expect? They needed the Nasa money to give out free obama phones

 

.... only with a lot of smoke, mirrors, tap dancing, and farting.

 

irrelevant. The system had flaws, and attempts were made to address it, and republicans killed every single one of them.

 

no, with the actual congressional voting record which I just gave you.

 

Bush and McCain tried diligently to regulate the derivatives market but were stopped cold by Democrat Sen. Dodd. Admittedly they could have tried more, maybe with success, maybe not. Yes Bush took the surplus that Gingrich had rammed down Clinton's throat back into a deficit. But you must have been hibernating all those years Obama was exploding the deficit. (Talk about logic based on facts....)

 

Yup. The dems always rewrite history. Top Democrats like Maxine Waters and Barney Frank refused to regulate F&F back in the first decade of this century. They didn't see any problems, and refused to support any legislation to reign them in.

The House would pass legislation, knowing that the dems in the Senate would block the legislation, by forcing it to require a 60 vote filibuster proof majority.

 

Is that entirely accurate?

In 1999, Republicans passed a bill to repeal the Glass-Steagall Act of 1932, and Bill Clinton signed it into law. Glass-Steagall forced commercial and investment banks to be separate entities. I admit I'm fuzzy on some the details, but once repealed, securities firms could act like banks and vice versa.

One result was that someone had the brilliant idea of combining sub-prime mortgages with traditional mortgages into exchangable securities available for investments, and that created a credit/housing bubble where stock prices were overvalued. I think interest rates factored into it somewhere, but like I said, fuzzy on some details. (They say memory is the second thing to go.)

That was never going to be sustainable, hence the bursting of the credit/housing bubble and the crash of 2008, and all so people at the top of these investment/banking companies like Goldman Sachs and JP Morgan-Chase could make a quick killing and face no consequences because they were "too big to fail." No one cheats like a banker. Even governments are amateurs by comparison.

Bill Clinton's only involvement besides signing that repeal was to work with Fannie and Freddie to lower their standards enough to allow some of the working poor to buy homes. Dumb move, both of those. In 2006 we could see it coming. At the time, in California, the median price for a house was about $540,000, and the percentage of Californians who could afford a traditional 30 year fixed rate mortgage was less than 20%. Something had to give, and that turned out to be us taxpayers.