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Aboard Air Force One en route to Las Vegas, PressSec argues against Romney's assertion last week the housing crisis should be allowed to "run it's course and hit bottom."
[MR. CARNEY:] What we firmly do not believe is that the answer is not to simply let the housing market bottom out and let investors come in and fix the problem. That’s not a solution. That’s a solution that basically says to middle-class Americans who have been responsibly paying their mortgage and who, through no fault of their own, have seen their economic situation get quite desperate because of the prices in the housing market that you’re on your own — tough luck, I’m not going to help you. That’s not this President’s approach.
Q: That’s a specific response to what Romney was proposing?
MR. CARNEY: I have heard that Governor Romney said something like that, yes.
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