Romney and Ryan both say they want housing market to “hit bottom”

Tue, Aug 14, 2012 (10:57 a.m.)

Mitt Romney and Paul Ryan used remarkably similar verbiage to describe their approach to the crippled housing market, with each suggesting in separate interviews almost a year apart that the market should be allowed to "hit bottom."

Ryan made his remarks first on Charlie Rose's program in 2010 and Romney followed with those now-infamous words to the Las Vegas Review Journal last year. Play the Ryan clip back to back with the Romney clip and you will notice the similarities.

The plus: They are sympatico on letting the market, rather than government intervention, solve the problem.

The minus: In a place like Nevada, where most people have problems with their mortgage, that may not sell as well as a government gift.

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