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September 18, 2014

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Romney and Ryan both say they want housing market to “hit bottom”

Mitt Romney and Paul Ryan used remarkably similar verbiage to describe their approach to the crippled housing market, with each suggesting in separate interviews almost a year apart that the market should be allowed to "hit bottom."

Ryan made his remarks first on Charlie Rose's program in 2010 and Romney followed with those now-infamous words to the Las Vegas Review Journal last year. Play the Ryan clip back to back with the Romney clip and you will notice the similarities.

The plus: They are sympatico on letting the market, rather than government intervention, solve the problem.

The minus: In a place like Nevada, where most people have problems with their mortgage, that may not sell as well as a government gift.

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