Oct 18, 2011
Does Flake stand with Romney?
Arizona Democratic Party executive director Luis Heredia released the following statement in response to Jeff Flake-endorsee Mitt Romney calling for the housing market to "hit the bottom."
"Calling for Main Street to take more of a hit for a problem created by Wall Street is just the type of thinking we would expect from anyone with Jeff Flake's stamp of approval. If Flake actually hopes to represent a state with one of the highest foreclosure rates in the nation, he should call on Romney to apologize. But with Flake's warped ideological view, we wouldn't be surprised if he joined Romney in calling for the housing market to 'hit the bottom.'"
IN CASE YOU MISSED IT:
Romney campaigns against foreclosure relief in Nevada
WASHINGTON -- Republican presidential frontrunner Mitt Romney suggested he doesn't support foreclosure relief for the millions of Americans struggling with underwater mortgages, untold numbers of which have been the victims of fraudulent lending or foreclosure practices.
In a filmed interview with the editorial board of the Las Vegas Review-Journal, a newspaper serving the hardest-hit foreclosure state in the union, Romney criticized President Barack Obama for not foreclosing on American families fast enough.
"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."
