PPI’s Jason Gold was quoted in foxnews.com about the way Romney wants to fix the ailing housing market:
“Romney’s running as Mr. Fix-it on the economy, but he has nothing to say about one of the biggest pieces of the puzzle,” said Jason Gold, a senior fellow at the Progressive Policy Institute, a Washington D.C. think tank affiliated with the Democratic Party.
Gold, who specializes in housing policy, questioned whether Romney’s selection of Ryan as a running mate indicates he supports privatizing Fannie Mae and Freddie Mac, as Ryan called for in a budget blueprint last year. Romney hasn’t said.
Many conservatives argue such a move would finally untangle government — and taxpayers — from the mortgage business. Gold calls it an impractical step that would almost certainly end the days of 30-year fixed mortgages. “It would take a sledgehammer to the housing market and throw us right back into recession.”
