Obama inherited the result of Clinton’s poor financial decisions on the housing market passed to resolve the issues from Reaganomics.
Obama inherited a landscape where 8 years of Bush had deregulated the banks to the point where they were giving mortgage loans underwater from the start to anyone with a pulse which lead to the 2008 collapse.
Is steel considered bad now? I would think the larger concerns from buildings would be all the plastic and fiberglass type components rather than the steel or concrete structures themselves.