Posts Tagged flip-flop
Another Flip-Flop? Campaign Aide Says Romney Would Not Offer Relief For Homeowners With Underwater Mortgages – International Business Times
Another Flip-Flop? Campaign Aide Says Romney Would Not Offer Relief For Homeowners With Underwater Mortgages
By ASHLEY PORTERO:
June 2, 2012
Mitt Romney would not offer targeted relief for the 11.5 million U.S. homeowners with underwater mortgages if he were elected president, one of his campaign advisers said on Bloomberg Television Saturday, adding that such policies would not help stabilize the nation’s housing market.
(Photo: REUTERS)Mitt Romney would not offer targeted relief for the 11.5 million U.S. homeowners with underwater mortgages if he were elected president, one of his campaign advisers said on Bloomberg Television Saturday, adding that such policies would not help stabilize the nation’s housing market.
In an interview on Bloomberg’s “Political Capital With Al Hunt,” Lanhee Chen, the policy director for the presumptive Republican presidential nominee, said Romney wants to resist “short-term” approaches to improve the housing market.
“On the housing market specifically, I do think we have to resist the temptation for short-term approaches. And I think the president has fallen into that trap a little bit. … We have to do everything we can to get this economy going because ultimately that’s what going to get he housing market going again,” Chen said in an answer to a question about aiding Americans who owe more on their mortgages than their homes are worth that was quoted by ThinkProgress.
Chen’s statement contrasts with what Romney himself told voters in Floridawhile campaigning in the state during the Republican Party’s presidential primary election. In January, Romney said banks should write down mortgage principal — a portion of the amount owed on a mortgage — for a borrower with a mortgage whose stated value is more than the home is currently worth.
“The idea that somehow this is going to cure itself by itself is probably not real. There’s going to have to be a much more concerted effort to work with the lending institutions and help them take action, which is in their best interest and the best interest of the homeowners,” Romney said.
Florida ranks No. 7 in the country in terms of foreclosures, with one in every 360 housing units in the state receiving at least one foreclosure notice last December, according to a year-end report from RealtyTrac.
Of course, Romney’s remarks in Florida themselves stood in contrast to statements he made to the editorial board of the Las Vegas Review-Journal only months before his appearance in the Sunshine State. In October, Romney told the newspaper in Nevada — a state that has one of the highest foreclosure rates in the nation — that the government should not try to stop the foreclosure process.
“Let it run its course and hit bottom, allow investors to buy homes, put renters in them, fix the homes, and let it turn around and come back up,” Romney said.
- Mitt Romney Lies – #2 – ‘Romney might be the first politician to flip-flop on his own lies while simultaneously lying about his flip-flops’ (thelastofthemillenniums.wordpress.com)
- Obama ‘evolves’ and Romney ‘flip-flops’: Is it fair? (theglobeandmail.com)
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- Barack Obama’s Flip Flopping Is Way More Embarrassing Than Mitt Romney’s (businessinsider.com)
- Letter: Romney supporters must have trouble figuring out what his policies are (tcpalm.com)
- Obama’s ‘evolution’ vs. Romney’s flip-flops (politico.com)
- FLIP FLOP ALERT: Mitt Romney Is Taking Credit For The Auto Bailout (businessinsider.com)
- Obama campaign video exposes seven more Mitt Romney lies in two minutes (dailykos.com)
Romney’s principled, radical view for America
By E.J. Dionne Jr.,
Published: April 25
It turns out that there is at least one question on which Mitt Romney is not a flip-flopper: He has a utopian view of what an unfettered, lightly taxed market economy can achieve.
He would never put it this way, of course, but his approach looks forward by looking backward to the late 19th century, when government let market forces rip and a conservative Supreme Court swept aside as unconstitutional almost every effort to write rules for the economic game. This magical capitalism is the centerpiece of Romney’s campaign, and it may prove to be his undoing.
Here’s Romney’s problem. His best strategy is to cast President Obama as a failure because the economy has not come all the way back from the implosion of 2008. The most effective passages in his well-reviewedspeech after his primary victories Tuesdaywere about the shortcomings of the status quo.
“Is it easier to make ends meet?” Romney asked. “Is it easier to sell your home or buy a new one? Have you saved what you needed for retirement? Are you making more at your job? Do you have a better chance to get a better job? Are you paying less at the pump?”
And there was the line pundits were bound to love that played off James Carville’s memorable utterance from Bill Clinton’s 1992 campaign. “It’s still about the economy,” Romney said, clearly relishing the moment, “and we’re not stupid.”
But Romney, unlike Clinton, is not offering a program through which government would take specific steps to solve the problems he catalogues. Instead, he is calling on voters to share his faith that our difficulties would go away if the state simply got out of the way, allowed the market do its thing and counted on the success of the successful to lift up everyone else.
Romney is right in saying he has “a very different vision” from Obama’s, and this is where the magic comes in. He envisions “an America driven by freedom, where free people, pursuing happiness in their own unique ways, create free enterprises that employ more and more Americans. And because there are so many enterprises that are succeeding, the competition for hardworking, educated, skilled employees is intense, so wages and salaries rise.”
Just like that, all would be well — as if we never needed the trust-busting of the Progressive Era, the social legislation of the New Deal, the health programs of the Great Society and the coordinated action of the world’s governments in 2008 and 2009 to keep the Great Recession from becoming something far worse.
This is Romney’s true radicalism. I suspect it is a principled radicalism. And exposing its implications will be Obama’s opening to make the campaign about something other the economy, stupid. Romney’s speech Tuesday was every bit as important as his supporters said it was. It contained both the foundation of an effective campaign based on the electorate’s discontents and the basis for undermining the very argument Romney wants to make.
Romney’s philosophical inclinations give the president ample room to speak to non-ideological, non-utopian voters, the 10 percent or 15 percent who will decide this election.
They may not like government very much, but they are also wary about what capitalism does when the watchdogs fall asleep. They don’t cotton to further tax cuts for the wealthy. They reject the idea that worrying about how unequal the rewards in our society have become is the same thing as being “envious” of those who have done well. They are fully onboard that opportunity and not “entitlement” is the American way. But they rather welcome the help — low-interest student loans, for example — that government can offer to those looking to rise and prosper.
That’s why Romney’s shift to Obama’s side in the president’s battle with House Republicans over student loans may be his most instructive flip-flop yet. It shows that Romney will do all he can to soften his underlying radicalism. His goal is to deprive Obama of ways to reveal the concrete impact of free-market utopianism — and the price of the cutbacks Romney embraced by endorsing Rep. Paul Ryan’s budget.
What Romney has going for him is a journalistic presumption that he is either a closet “moderate” or so opportunistic that he is altogether lacking in a coherent worldview. The first is wrong. The second is unfair to Romney. What he believes matters, and it is the biggest obstacle between him and the White House.
- Romney’s Magical Capitalism (themoderatevoice.com)
- “Magical Capitalism”: Romney’s Principled, Radical View For America (mykeystrokes.com)
- Pointless quote of the day, 04.26.12 (theblaze.com)
- Obama campaign video exposes seven more Mitt Romney lies in two minutes (dailykos.com)
- Mitt Romney has failed to live up to his reputation as a flip-flopper (dailykos.com)
- Bill Burton Was Way Ahead Of Obama ‘Campaign Whisperer’ Bill Clinton On Redefining Romney (mediaite.com)
- More On The ‘Importance’ Of Mitt Romney Hiring Richard Grenell (towleroad.com)
- Mitt Romney Wins Everything (slog.thestranger.com)
- Bill Clinton’s New Role as Pres. Obama’s ‘Campaign Whisperer’ (themoderatevoice.com)
- Mitt’s ‘marvelous’ misjudgment – The Washington Post (mbcalyn.com)