bobbyw24
05-16-2011, 09:20 AM
(CBS News) House Speaker John Boehner is "skeptical" there is "anything the government can do" to alleviate America's housing crisis - arguing that, ultimately, "you're not gonna have more buyers until the economy improves."
In an interview broadcast on CBS' "Face the Nation," Boehner argued that government programs aimed at preventing mortgage foreclosures have failed, adding that the only real solution is to wait "until we get our economy moving again."
"Over the last couple years, Congress has really set up four programs to help with those mortgage problems," Boehner told Harry Smith. "And unfortunately, none of those have worked. And all they've really done is dragged out the length of time for the market to clear the problems. Which is unfortunate."
Following the 2008 mortgage crisis, the Obama administration authorized series of measures aimed at providing relief to Americans who were at high risk of foreclosure. In March, House Republicans voted to terminate Mr. Obama's signature foreclosure prevention program, the $30 billion Home Affordable Modification Program, on the grounds that the program did not work and that the money would be better spent if put toward the deficit.
http://rp12.us/aIU3N
In an interview broadcast on CBS' "Face the Nation," Boehner argued that government programs aimed at preventing mortgage foreclosures have failed, adding that the only real solution is to wait "until we get our economy moving again."
"Over the last couple years, Congress has really set up four programs to help with those mortgage problems," Boehner told Harry Smith. "And unfortunately, none of those have worked. And all they've really done is dragged out the length of time for the market to clear the problems. Which is unfortunate."
Following the 2008 mortgage crisis, the Obama administration authorized series of measures aimed at providing relief to Americans who were at high risk of foreclosure. In March, House Republicans voted to terminate Mr. Obama's signature foreclosure prevention program, the $30 billion Home Affordable Modification Program, on the grounds that the program did not work and that the money would be better spent if put toward the deficit.
http://rp12.us/aIU3N