Political Quotes

“housing is on the minds of so many Ohioans these days, as it is on people's minds across the country. My State has the unfortunate distinction of leading the Nation in the percentage of property in foreclosure. Every day, 200 Ohio families lose their homes--200 families every single day. The strides we have made as a Nation in increasing home ownership in the last few years will be reversed if we don't act. The foreclosure crisis is having a tremendous impact on all of Ohio. No city, no region has been spared. The past few years have seen an explosion of predatory lending. The State of Ohio was slow to respond, while the Federal Government--regulators and Congress and the President--have been even slower to respond. Today, we pay the price. As late as this summer, President Bush and Secretary Paulson--the Bush administration--indicated the problem was largely contained and it would play itself out. So long as the problem was largely contained to Ohio, Michigan, Indiana, Illinois, and the Presiding Officer's State of West Virginia, the situation was nothing to worry about. But once the problem spread from Main Street, Cleveland, or Main Street, Dayton, to Wall Street, the administration suddenly became a bit concerned. Not overly concerned, mind you. For while it changed its tone a bit, its words have not been accompanied by much action. The budget submitted by President Bush shows, for example, no signs of a housing crisis.”