Democrats

Press

DNC Chair Debbie Wasserman Schultz: Mitt Romney’s Record Shows He’d Be a Disaster for America’s Working and Middle-Class Homeowners

After Mitt Romney held a roundtable with Florida homeowners this morning, DNC Chair Debbie Wasserman Schultz released the following statement on Romney’s failed record on housing and his out-of-touch positions regarding America’s working and middle-class families:

“Today, during a roundtable on housing issues with hardworking Floridians—44 percent of whom are underwater on their mortgages—Mitt Romney tried once more to pull the wool over the eyes of middle-class Americans and those still working to get there. The truth is that Romney’s position on the housing foreclosure crisis could not possibly be more out-of-touch—he even asked struggling Floridians telling their story today if they could simply buy their neighbor’s home and ‘swap.’ If that wasn't bad enough, Mitt Romney actually said today that the banks are feeling the same pain as underwater homeowners. Only someone who, like Mitt Romney, believes corporations are people would dare be so out of touch as to equate banks to the suffering of homeowners.

“It was after all Mitt Romney who said just a few months ago that we should simply let the foreclosure process ‘run its course and hit the bottom.’ With a straight face, he has suggested that the best course of action is for investors to come in and buy up the properties after foreclosure to make a quick profit. With priorities like that, it’s not hard to see why none of the 59 points in Romney’s economic plan addresses the housing crisis. His lack of interest in helping homeowners is also reflected in his record in Massachusetts, where foreclosures skyrocketed on his watch, increasing every year he was governor.

“When it comes to Mitt Romney’s record, you have to look at what he does and not what he says—because as we’ve seen time and time again, he will literally say anything to get elected. That’s why Romney has no problem publicly blasting mortgage giants Fannie Mae and Freddie Mac for their ‘failures,’ when a financial disclosure statement filed last month shows he has actually made a profit from investments in both firms. That’s classic Mitt Romney for you—and it’s time that America’s working and middle-class families knew the truth about his failed record.”