Obama blew 10 trillion dollars we didnt have and we have nothing to show for it

Can you tell me of a politician that doesn't tell his potential voters what they want to hear during a campaign season?

 

When the chairman of an organization does something and that chairman was appointed and can be replaced by the president, then the president is responsible.

 

Not in this case you don't know what you're talking about

 

Our shuttle was shut down and has yet to be revived. However, the Shuttle was much more efficient that the Russian system. BTW we pay Russia millions to take our astronauts to the ISS.

 

I have no idea what rhetoric you're referring to and I highly doubt you cared a whit about anything he said...but that spending you're so appalled about has been explained elsewhere in this threads and most of it was NOT "caused by" Obama

 

No none of us alive now did. It was Lincoln and the republican North that freed the slaves from the democrat South. They paid with their lives then, and thats why no one now owes anyone anything connected with slavery.

 

Why you blaming poor Obama for things that are the fault of Bush. And you numbers are a couple Trillion high.

 

Where does the buck stop?

 

He is also responsible for America losing an ambassador. He's reasonable for ISIS which was created when he pulled troops out of Iraq. He's reasonable for the mess in Libya. He's reasonable for the gas attacks in Syria because he's red line meant nothing.
He's responsible for the lowest and slowest economic recovery in history. And on and on.

 

I read the polls.
I figured they were BS.
I voted for Trump.
I understand Trump is now president.

 

By the way, Gitmo? Still open.

 

I have spent 45 years selling homes and at no point has any client told me it is due to his politics. Nor did they blame Bush for buying homes.

I spent less years originating home loans. Never yet has a client stated his loan is due to politics.

I also appraised for 22 years and nobody said I needed to show up due to politics. No owner blamed presidents.

I am certain I know why the economy dumped when Bush was president and to give him credit, he did try to prevent the dumping. Frankly, Democrats put a stop to his attempts to correct. I can easily show actual video proof.

 

He is actually correct. A case in TX decreed blacks got crapped on by banks. And it was in part due to poor credit they got turned down. Bank ordered a fast correction. Banks and other lenders started issuing some reckless loans.

I have to this day files of ads to my firm by wholesale lenders to my company offering worse and worse loans. We shunned them but too many used the loans. Had the court not decided, the industry never would go down that path.

 

Are we now the Russians? He explained to you men of ours are in space, thanks to Russia. He also said we launch no more shuttles.

 

I am amused by your "civics lesson." Since you pour wrath onto Bush, let me drag you up to date.

First, congress budgets and appropriates funds. Bush and Obama suggested to congress ... No more than that. Nobody in congress can be forced to accept presidents budget codswallop.

The method of paying for wars is entirely up to Congress. Do you recall much about how Nancy Pelosi ruled with an iron fist and later Harry Reid followed suit? Bush had extremely short periods where he had much to say over what Congress did. Think when Obama had all the congress. HE managed to screw this country by fighting for the ACA. And he lied when he explained it to the public.

Obama got about 4.25 trillion more dollars so spend during his 8 years than Bush got to spend. One might think he would not pass the figure of national debt raise of Bush. But he shot past that in a short time. Blaming Bush won't work. Bush and Obama made a side deal. When Obama won in 2008, Bush handed Obama the 08-09 budget. If you check today, Trump is still running on the final Obama budget. Congress even managed to mess that up. They use a tactic on budgets that during the Clinton era they did not use.

Summary... Bush played no role in budget matters so far as the wars were funded. Bush would get the spending request and then sign that.

 

Are you by chance referring to the Stumulus (Porkulus), shovel ready jobs, Cash for Clunkers, Solyndra and the $10 trillion above and beyond the costs Bush incurred fighting Afghanistan and Iraq. The costs of war are high what was the reason for Obama's spending? Obama claimed the war in Iraq was over.

 

I was being somewhat sarcastic. 10 Trillion is bit high. The Debt was roughly 11 Trillion when Obama got a crack at his first budget. At the end of his last Budget (in Oct of this year) the Debt will be roughly 19.5. This is still a whopping 8.5 Trillion which is insane.

What also needs to be kept in mind is that Obama was handed a 1.4 Trillion dollar deficit. One does not wave a magic wand and make a 1.4 Trillion dollar deficit disappear in one year.

I very much dislike Obama but, I do not need to blind myself to reality in order to attack him. There are plenty of valid reasons to dislike Obama.

One of the reasons for the high deficit is due to the fact that income dropped (due to the Bush crash) from 2.7 Trillion down to 2.1 Trillion.

400 Billion deficit was already baked into the cake and the other 400 was from TARP and other stimulus.

 

My sister was a mortgage officer during that time. I asked her if she was forced to sell sub-prime loans. She said no and that she wouldn't do them, but other loan officers did in order to get the commission.

 

The same ones who said the economy was on good footing just months before? Those retards?

 

Hmmmm. I'm not remembering hearing that.

 

I never forced any of my loan officers to use subprime loan lenders.

The way it works is this. We use computers. We pay a lot of money for good accurate programs. The client is asked to fill out his forms. Then we simply put in the numbers he gives to us. We then verify his figures from the horses mouth. We notify his company and they verify a lot of data. We notify the credit company and they verify much data.

What happens if you try to oversell a risky borrower is he then fails to get the loan. We had many borrowers that we simply never could get qualified. If you think as a loan officer a man just hanging on can afford 1 or 2 percent higher loan payments, you are dreaming.

I as company owner looked at the paper work. My motive was to make sure no cient was cheated in any fashion.
I always trust agents then verify them. My name ends up at risk if they mess up.

Second, we then ship the package to the wholesale lender. Not all lenders are wholesale lenders. Bank of America can do direct loans but also be a wholesale lender. Chase or Wells Fargo can be wholesale lenders. We get a commission paid by them. But they also have sharp peoople who also check out all data. They even call the guys company to verify we did it right. To properly cheat, it takes a lot more than you suspect. You need to get various firms to agree to cheat. They realize cheating is how you get put out of business. A company like Countrywide was are both direct lenders and wholesale lenders.

We did not have funds in the bank to fund the loans. We worked with the 3rd party called escrow firms and the money was directed to them since they had no interest, and the wholesaler send funds to them. They operate as fiduciary not to us, but to the client that borrows the money.

Take cops for instance. Can you pay one off? The law says try it and he can arrest you. But let's admit that there is some cop that you can bribe. Same with the loan officers. And for them to try, they must get the wholesale company involved and get them to fraud. This is extremely unlikely to happen.

A few dollars made on one deal probably can mean you ended your career and won't get the state license again. They don't like cheats.

 

For quantitative easing the buck stops at the Fed

 

Russia was not involved in the comment he made all he said he could we cant put a man in space which is not true you've got man at the International Space Station right now

 

Countrywide didn't hold the paper for a nanosecond. I used them in 2004, MERS, required by Fannie and Freddie, held my mortgage. Countrywide only held the equity line of credit I arranged when I bought the place. I looked it up on the county recorder's website after the meltdown.

Fannie, Freddie and the other GSEs determined the lower credit limit for loan approval. If it passed their filter, the loan would be approved and pre-sold. No doubt banks that held the paper had different criteria.

 

20 trillion of debt??? Yes, Obama is the best