Asked about how to improve the housing market, Newt Gingrich gives a fairly incoherent answer about Dodd-Frank that seems to suggest we should bring back the dodgy loans that led to the chaos in the first place.
However, Romney suddenly becomes quite passionate on the issue. First, he says his jobs plan doesn’t have any housing references in it because “it’s not a housing plan; it’s a jobs plan.” That gets cheers from the audience.
“The best thing you can do for housing is to get the economy going again. The things the speaker just indicated are excellent ideas as well,” he continues.
“What we know won’t work is what this president has done: to hold off the market and put in place policies that prevent this economy from going.”
Then he comes to his peroration:
“Markets work. When you have government play its heavy hand, things blow up.”