Page 45 - Housing Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Suddenly had a huge credit crunch. i think that's a very different part of the problem. i don't think anybody, whether the chairman of the federal reserve or the council of economic advisors or other folks, there were very few people who saw the intensity of the housing problem as it broke loose. there were some people. peter wallace is a good example at the american enterprise institute, who had for a long time been warning that these government-sponsored enterprises were too big, they were too overleft religioned and that they needed to be reformed. and peter wallace is probably as good an a...

Latest updates on this topic from reliable sources.

There are a lost programs out there that homeowners have been able to take advantage of where we've actually seen participation rates have been below expectations. we haven't really hit our targets there. jenna: right. so are we any closer, dan, i'm sorry to interrupt? are we any closer than 2008 to figure out how to solve this housing problem? >> i don't think we are, jenna. ultimately to encourage demand for housing we need to create jobs in the economy. we need consumers that have jobs to feel confident enough in the security of their recurring paychecks that their job isn't at risk. jenna:...

Democrats. republicans, on the other hand, they want to cut corporate tax rates so you attract all that overseas money back into america. they want to roll back obamacare to make health coverage cheaper for their workers, and they want to stop the administration beating up on business. the right -- the left, the right very much opposed on what to do about dealing with this, and, of course, the backdrop is the great debate on the debt crisis. so it is unlikely that you're going to get any kind of dramatic action to create jobs or fix the housing problem in the very near future. martha: all righ...

>> well, it certainly is a case that you kind of have a sense that the two sides are negotiating towards a different outcome. i think the democrats are negotiating for how you avoid a government shutdown, and the republicans are negotiating on how they satisfy the most extreme wing of their party. the problem is, those two things might be incompatible at this point. and that's the challenge. this is what we need. we need speaker boehner to be a real leader here and to say to his tea party guys look, we have been moving the goal posts around a lot. there are other times to debate npr and planne...