Presidential Candidates Finally Talk Housing
In the past few weeks, 2016 Presidential Candidates have begun touching on housing and economic topics in debates. Here’s a breakdown of what has been discussed by some of the prominent candidates.
Senator Rand Paul – Paul believes the Federal Reserve has only made the economic and housing crisis worse. He says we are seeing an increase in income disparity and income inequality because of the Federal Reserve.
Senator Marco Rubio – Rubio supports returning to a rules-based monetary system rather than continuing along the path of guessing what the economy is going to do and basing decisions off of this. He believes Dodd-Frank should be repealed immediately to prevent inflicting further harm in the economy. Rubio would keep money tied to a stable level of gold and only use government as a lender as an absolute last resort.
Governor John Kasich – Kasich does not approve of what the Federal Reserve has done thus far and strongly opposes the Fed being turned over to the Congress of the United States giving them the ability to print their own money and further the economic turmoil.
Jeb Bush – Bush would raise the capital requirements so banks would not be too big to fail. By raising the capital requirements, big banks would be held more accountable while lessening the pressure on smaller community banks and institutions. However, he does not believe in bigger banks having more control and worries their concentration of assets could harm the country financially.
Ben Carson – Carson stated that rather than creating quick fixes to small problems, he would dive right in and deal with the actual issues at hand. He also believes that what started out as minimal regulations have cascaded into far too many regulations.
Carly Fiorina – Fiorina stated that the government created the problems we face today and we must take control of our government back.
Former Secretary of State Hillary Clinton – Clinton defended herself against rebukes that much of her campaign money comes from Wall Street so her campaigning against them appears to be contradictory. However, she states that Wall Street’s actions created issues in the mortgage market and they need to be reigned in.
Senator Bernie Sanders – Sanders is determined to break up banks that have bonded together forming a monopoly over much of the market. He believes supporting community financial institutions is the foundation of America and will help bolster the economy in the future.
Former Governor Martin O’Malley – O’Malley had a strong statement against Wall Street saying “I won’t be taking my orders from Wall Street.” He believes the country needs to rid itself of “crony” capitalism as well as separate itself from supporting the six main banks of Wall Street.