"Kerry: Republicans insisting on housing relief are ‘a year late’; they have ‘created’ the crisis."
In recent weeks, conservatives have made housing their new battle cry, claiming that there isn’t enough addressing the housing crisis in the recovery bill. But as ThinkProgress has noted, they have been stalling housing relief for months. In an impassioned floor speech today, Sen. John Kerry (D-MA) recounted how the GOP’s stubborness has “created” the current crisis:
KERRY: We put in a 15 billion provision in the Finance Committee. … It came to the floor of the Senate. And guess what? And the very people who are here on the floor now stripped it. The President and the administration opposed it. And for nine months, they sat there while 10,000 homes a day were being foreclosed, and they allowed us to slide into where we are today.
“They are about 10 months, a year, late on that effort, and they have created…a situation where it’s out of control,” he concluded. Watch it:
“We were subject to two years of inaction by the previous administration; that’s why bankruptcy is now an issue,” said House Education and Labor Committee Chairman George Miller (D-CA).