DNC - Which Mitt Romney Is Talking About Foreclosures Today?

Today, the Romney campaign released a web video in part trying to express concern over the housing crisis. This Mitt Romney is quite different than the Mitt Romney of last week who said we should not “try to stop the foreclosure process. Let it runs its course and hit the bottom” and let investors buy homes and turn a profit while homeowners are literally left out in the cold. In response to the Romney attack, DNC Communications Director Brad Woodhouse released the following statement:

“Mitt Romney of this week let me introduce you to the Mitt Romney of last week – the Mitt Romney who callously took the position that homeowners who have been cheated, scammed or simply lost value in their homes as a result of Wall Street’s risky bets should be allowed to ‘hit rock bottom.’  Romney’s position is appalling, but not unexpected from a former financial executive who wants to let Wall Street – the same guys whose recklessness crashed the housing market and our economy – write its own rules, even if it means hanging the middle-class out to dry.  It is irresponsible, but not surprising coming from someone who made a fortune firing workers and sending their jobs overseas.  And what else can we expect from someone who said that ‘corporations are people’ or called tax relief of $1,500 for a typical middle class family ‘little Band Aids.’

“While President Obama is fighting to create jobs and adopt policies that give underwater homeowners a chance to refinance and stay in their homes, Mitt Romney believes families who work hard and play by the rules should be kicked out of their homes so bankers can get rich.  Mitt Romney’s vision of the American Dream would be a nightmare for America’s homeowners.”

See the Romney housing plan here http://bit.ly/r8JpRF

Romney: “Don’t Try To Stop The Foreclosure Process. Let It Run Its Course And Hit The Bottom.” Romney: “As to what to do for the housing industry specifically and are their things that you can do to encourage housing. One is, don’t try to stop the foreclosure process. Let it run its course and hit the bottom. Allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up. The Obama administration has slow walked the foreclosure process [inaudible] that has long existed and as a result we still have a foreclosure overhang.” [Las Vegas Review-Journal, 10/17/11]