September 29, 2012
HOW TO IMPROVE HOME PRICES: Mitt Romney had the audacity to argue (to virtually no attention by the mainstream media) that the housing market can best be improved by . . . . [drumroll, please] an improved economy. Contrast the progressive vision: federal government subsidies– what a shocker.
Mr. Romney understands that more government intervention has been an obstacle to a housing recovery. His housing white paper, released the same day as his speech, lists the “alphabet soup of federal housing assistance programs” that the Obama Administration launched over the past four years, with acronyms like “HAMP, HARP, 2MP, H2H and EHLP.” None have rescued the housing market because they aim to keep troubled borrowers in their homes, rather than allow lenders to foreclose and the market to clear.