Trump's First Action As Prez Will Be

[Aargh]

Trump has several courses of action available. He's most likely to...

[pinstripers]

Pull back all of Obama's "executive actions."

[1972Shocker]

Hiring Monica Lewinsky to come in and give him a full re-enactment of her oval office performance.

[Aargh]

Hiring Monica Lewinsky to come in and give him a full re-enactment of her oval office performance.

Ohhhhh! That's good. really, really good!

[ShockerPrez]

Harvest Michelle's wonderful garden.

[SHOXJOCK]

Harvest Michelle's wonderful garden.

Well done

[atlwsu]

Well done

Bring back fries

[kcshocker11]

Grab a pu$#Y ( the Trump Handshake)

[1972Shocker]

Grab a pu$#Y ( the Trump Handshake)

Actually, Trump can't claim that. I think Mick Dundee was the first to employ that manuever.

https://youtu.be/6fzrE8lGJds

I wonder if that has ever happened to Trump?

[pinstripers]

Senate Majority Leader Mitch McConnell (R-Ky.) told reporters Wednesday that repealing ObamaCare will be one of the top priorities of the new Congress.
Trump has proposed replacing ObamaCare with health savings accounts and allowing people to purchase insurance across state lines in all 50 states.
One major issue looming is the vacancy on the Supreme Court created in February when conservative Justice Antonin Scalia died.
On deck is an overhaul of the nation's tax code that would close loopholes and cut rates, a major deregulatory push and tighter security along the U.S.-Mexico border.
Trump has proposed condensing the current seven tax brackets into three and lowering the rate for the nation's highest income earners to 33 percent.
The other top Trump priority is building a wall along the U.S.-Mexico border, which drew plenty of criticism on the campaign trail.
On the foreign policy front, GOP lawmakers are looking toward a tougher approach against radical Islamic terrorism and re-implementing sanctions against Iran.
GOP priorities that had seemed dead now have new life, such as construction of the Keystone XL pipeline, which Obama shelved.

[Aargh]

From multiple sources I've seen today, Trump's first action was to stop a provision to lower mortgage insurance rates on FHA-financed home purchases. The lower insurance rates would have saved home buyers $500 - $900 a year on their mortgage payments. Various sources report various numbers.

Obama's HUD Secretary had reported 4 years of sustained growth in housing and sufficient reserves to cover future costs, which resulted in the lowered premiums. The lower premiums would have taken effect January 29.

This stops a provision that would have reduced the cost pf buying a home. Lowered costs for major purchases generally contribute to the creation of jobs. I'm a little surprised by this move. It seems to go against what Trump told the voters he was going to do.

[SB Shock]

So if this reduction was a fiscally responsible move - why did they Obama administration wait till they were leaving to make this move. They had only had 8 years.

[jdshock]

So if this reduction was a fiscally responsible move - why did they Obama administration wait till they were leaving to make this move. They had only had 8 years.

I think I might be misunderstanding either your post or what actually happened. Everything I've read said it was one of the very first things Trump did, not a move by the Obama administration.

[wufan]

From multiple sources I've seen today, Trump's first action was to stop a provision to lower mortgage insurance rates on FHA-financed home purchases. The lower insurance rates would have saved home buyers $500 - $900 a year on their mortgage payments. Various sources report various numbers.

Obama's HUD Secretary had reported 4 years of sustained growth in housing and sufficient reserves to cover future costs, which resulted in the lowered premiums. The lower premiums would have taken effect January 29.

This stops a provision that would have reduced the cost pf buying a home. Lowered costs for major purchases generally contribute to the creation of jobs. I'm a little surprised by this move. It seems to go against what Trump told the voters he was going to do.

Per one link, "Ben Carson, the housing secretary nominee, had hinted at this move last week, during his confirmation hearing. He said that the Obama administration's announcement of the premium cut had been "done on the way out the door" and that the cut would cost $5 billion next fiscal year. "That's not chump change," he said, "so certainly, if confirmed I'm going to work with the FHA administrator and other financial experts to really examine that policy."

The FHA loan is designed to give more people access to loans. This is a disagreement between the outgoing admin and the incoming admin as to the amount of dollare the taxpayers need to supply. BTW, the $900.00 annual savings would have been on FHA premiums on houses where over $625000. was borrowed. Everyone else was $500. annually.

[wufan]

I think I might be misunderstanding either your post or what actually happened. Everything I've read said it was one of the very first things Trump did, not a move by the Obama administration.

This was the last act of the Obama admin before they left. Trump suspended it.