Video: Romney criticized Obama for not foreclosing on American families fast enough

Discussion in 'Politics' started by rdean, Oct 18, 2011.

  1. rdean
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    Romney Campaigns Against Foreclosure Relief In Nevada (VIDEO)

    Click on link to watch video:

    http://www.lvrj.com/multimedia/player/embed/425x239/132028338.swf

    "Don’t try to stop the foreclosure process. Let it run its course and hit the bottom," Romney said when asked what he would do to jump-start the floundering housing market.

    "Allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up," he continued. "The Obama administration has slow walked the foreclosure process ... that has long existed and as a result we still have a foreclosure overhang."

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    Does he even mention fraudulent lending or foreclosure practices? Of course not. This is part of what he considers "capitalism".
     
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  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Fraudulent lending? You mean when people who know they cant afford a mortgage take one out anyway?
     
  3. rdean
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    Or when someones job is moved to China and they can't pay the mortgage.

    2.4 million jobs lost due to China from 2001-2008
     
  4. rdean
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    Even during the debate, Mitt said foreclosures weren't happening fast enough. Funny that Michelle had a different take. It was Mitt's comments that led directly to Michelle Bachman's comments about women suffering and worrying about losing their homes.
     
  5. pgm
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    pgm Member

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    He actually might be right. It might be better for the long-term health of this country if houses were foreclosed on and sold cheaply to those who can re-sell them for a profit. It'll suck a lot for right now, though.
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    The longer we delay the bubble burst, the longer it will take to recover.
     
  7. Quantum Windbag
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    Quantum Windbag Gold Member

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    Would you like a list of economists who think propping up the housing bubble is only making things worse, or would things like facts make your head explode?
     
  8. elvis
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    elvis BANNED Supporting Member

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    Obama supports free trade. So shut the fuck up about it.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    I like Romney a little more.
    Yes, all the gov'ts programs have stopped the housing market from recovering and kept the economy in the doldrums. There needs to be more foreclosures, more firesale prices, until we reach equilibrium. Then we can start back again.
     
  10. Old Rocks
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    Old Rocks Diamond Member

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    Wonderful 'Conservative' compassion.
     

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