Last week, Mitt Romney accidentally became the pro-foreclosure candidate.
In a recorded interview with the editorial board of the Las Vegas Review-Journal — no area has been harder hit by this than Las Vegas — Romney was asked about the housing crisis, and the former governor argued that policymakers shouldn’t even try to help.
“Don’t try to stop the foreclosure process,” he said. “Let it run its course and hit the bottom.”
Even Nevada’s Republican governor, Brian Sandoval, said Romney doesn’t “fully understand” what’s going in in the state.
Democrats intend to make Romney pay a price for this one. The DNC has created RomneyHousingPlan.com to highlight the Republican frontrunner’s support for foreclosures; the party put together this web-only video last week, and Dems are launching this ad in Arizona this week, where the percentage of underwater homeowners is one of the highest in the nation.
The attack ad has the added benefit of being true.
In an odd twist, the Romney campaign sent out a press release yesterday, insisting the White House shouldn’t “wait for the housing crisis to run its course.”
So, just last week, Romney said policymakers should let the foreclosure problem “run its course.” This week, Romney is sending out press releases that accuse Obama of wanting to let the foreclosure problem “run its course.”
Does the Romney campaign even read its own materials? Does the former governor listen to his own comments?
The argument coincides with President Obama unveiling a new plan to allow struggling homeowners refinance and bring down their mortgage payments. In states hardest hit by the housing crisis — Nevada, Florida, Arizona, and others — the choice may come down to a candidate trying to stop foreclosures and a candidate who says, “Don’t try to stop the foreclosure process.”