Subprime Crisis Now A Campaign Issue
The less-than-stellar housing market has become a significant “talking point” for candidates looking for votes in foreclosure-heavy states such as Michigan, Nevada and Florida. Stumping around the key states in which she needs to do well in the primaries, New York Sen. Hillary Clinton often mentions the foreclosure crisis campaign speeches.
Former Arkansas Governor Mike Huckabee talked about it in a new television advertisement on the economy that he is airing in Michigan. Economic hot buttons like globalization and job outsourcing may resonate with voters, but it is the housing market that is directly affecting more voters’ wallets. Price declines are limiting homeowners’ ability to move or to tap home-equity loans. Job losses are heavy in housing-related industries.
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