Erik Paulsen is part of an even more exclusive club than the 22 GOP members of the U.S. House of Representatives who were newly elected last November. He’s one of only three Republican freshmen from districts in which voters favored Barack Obama for president. Does that lead Paulsen to back the policies of the president his constituents in Minnesota’s 3rd District supported? Nah. Watch Paulsen’s new “60 Day Recap” video after the jump, in which he says he voted against Obama’s mortgage relief plan because it’s “going to be detrimental to mortgage-holders … who have been honestly paying them.”














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Comment posted March 9, 2009 @ 12:10 pm
His reasoning makes no sense. If you are in a condo building, and some guy on the 3rd floor plays with matches and some guy on the 5th floor keeps flammable liquids, are you going to let the building burn down to teach two guys a lesson?
There is more than a 18 month inventory of homes for sale. People who lose their jobs can’t sell their homes because there are no buyers. There are no buyers because everyone is afraid. If you stop the foreclosure parade, you restore confidence. If you bought a $200k home two years ago with 20% down based on two incomes with one having health insurance, your home is now worth 20% less so you have no equity. If one person loses their job, especially the one with subsidized insurance, you will be paying $1400 per month for COBRA and won’t have enough money to pay the mortgage. So you try to sell your house, and there are no buyers. And the bank refuses to let you sell it for less than the mortgage, they want to force you into foreclosure.
You played by the rules and you are screwed. And Paulsen wants to do that to you, just so some irresponsible person doesn’t get away with not paying. Republicans, willing to punish millions of honest people to ensure that a few bad apples get “punished”.
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