I think Stephen is right about the fact that both the Bush administration and the Obama administration have announced plans. They've announced a program to try to stem the foreclosure rate, and they simply haven't been big enough. They haven't been massive enough.
David Gergen: “I think Stephen is right about the fact that both the Bush administration and the Obama administration have announced…”
On the recordMay 15, 2009
Source
transcripts.cnn.comEditor's note · Context
Gergen discusses the inadequacy of government plans to address the foreclosure crisis.
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