Friday, March 6, 2009

NRCC goes after Shea-Porter on housing vote

From the NRCC:

Rep. Carol Shea-Porter (D-NH) voted last night against protecting millions of Americans who played by the rules, including thousands of her constituents. The motion that she voted against would have prohibited those who lied on mortgage applications from receiving taxpayer assistance. Instead, Shea-Porter has voted along with her party bosses in Washington to reward dishonest borrowers, unscrupulous lenders, and speculators (House Roll Call 103).

Specifically, Shea-Porter voted against a motion that would prohibit taxpayer funds from being used:

to assist anyone who lied about their income or assets on their mortgage application;
to assist any lender that failed to follow proper underwriting standards;
as incentives to lenders to rework loans for irresponsible borrowers;
unless the President submits a plan that provides equitable treatment of all mortgage holders.

“Any middle-class family will tell you that rewarding bad behavior is the last thing that will get this economy moving again, but it’s clear that Carol Shea-Porter and her Washington Democrat friends disagree,” said NRCC Communications Director Ken Spain. “While homeowners are struggling to pay for their mortgages, Shea-Porter refused to stand up to the irresponsible speculators and lenders that contributed to our current housing crisis. If Carol Shea-Porter is fighting for the dishonest characters that got us in this mess, who is fighting for her constituents who played by the rules?”

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