Political Quotes

“I want to read this list into the Record to give our colleagues some sense of the broad support this proposal has developed. Let me quote from several of our major editorials as well as major economists representing the political spectrum in our country. I will share this with you. Alex Pollack, resident fellow at the American Enterprise Institute: This is an appropriate and targeted approach to the downward spiral caused by the deflation of the great housing and mortgage bubble of the 21st century. Alan Blinder, an economist at Princeton University and the former vice chairman, Board of Governors of the Federal Reserve System: I think that the HOPE for Homeowners bill is the most important piece of economic legislation before the Congress today. The Miami Herald: The Senate represents a bipartisan compromise that deserves wide support. The Boston Globe: There is no bailout or windfall here. Congress is merely offering a fighting chance for families and credit markets to recover. Newsday: The Senate program is called Hope for Homeowners. That's just what families facing foreclosure need. Fran Grossman, the senior vice president of Shore Bank in Chicago: With millions of hard working Americans torn between looking for work and putting gas in the tank or paying their mortgage, we must enact legislation to provide access to the resources that will help families to hold onto the American dream and get our economy moving again.”