Wednesday 26 October 2011

Obama's Mortgage Aid Plan Steals Yet Another Republican Idea (The Atlantic Wire)

The mortgage aid plan President Obama is offering to draw a contrast with Mitt Romney is based in part on an idea by Romney's senior economic adviser.?It fits a pattern:?Obama gets frustrated?by Republican refusal to pass anything he proposes so he dares them to oppose an idea he stole from them. So far the G.O.P. seems unbothered by the strategem.?

Related: The Big GOP Hopeful Question: How Do You Solve a Problem Like Obama?

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The Wall Street Journal's Jonathan Weisman and Patrick O'Connor?talked to Romney's adviser, R. Glenn Hubbard, dean of Columbia University's business school, who said that if Obama's plan "is the mass refinancing we suggest, it could be a very big deal," Hubbard told the Journal. Assuming Hubbard doesn't mean "big deal" in a bad way, Romney does not appear to be taking his advice. The candidate told the Las Vegas Review Journal last week: "As to what to do for the housing industry specifically, and are there 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 ..."

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/atlantic/20111025/pl_atlantic/obamasmortgageaidplanstealsyetanotherrepublicanidea44089

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