We are going round and round on this, but I find this debate--again, I want to make the point that I am grateful to both of my colleagues for raising the issue of foreclosures in housing. I find myself somewhat at cross-purposes because, on the one hand I agree with what they are trying to do; on the other hand--I say this respectfully--I think we are undermining our cause by approaching it this way. We are diminishing the effect of the stimulus bill by doing something on housing, which is a legitimate issue but is not the subject of the debate of the underlying bill, and we are simultaneously potentially denying our opportunity to mandate that this new administration dedicate resources within the TARP to deal exactly with the underlying cause of the economic crisis. So that is the real choice involved. Again, I say it is an awkward debate and argument.
Editor's note · Context
Discussing the impact of foreclosure issues on the stimulus bill during Senate debate.
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