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Boehner Announces Departure, Housing Industry Doesn’t Notice

by James F. McClister

A Voice Against President Obama

In Jan. 2011, after the Republicans had regained control of the House, Boehner was elected into his current position as Speaker. The Ohioan did not take a concrete stance on housing until Feb. 2012 when he gave a speech touching on the what he perceived to be the failures of President Obama’s housing policy.

“None of these programs have worked and I don’t know why anyone would think that this next idea’s going to work and all they’ve done is delay the clearing of the market,” he said of the administration’s record. “As soon as the market clears and we understand where the prices really are (that) will be the most important thing we can do in order to improve home values around the country.”

The speaker offered no direct insights into which programs had failed or specifics on how they had failed. But in 2011, he did, like many others, point to Fannie Mae and Freddie Mac as being the culprits that, as he said in a statement, “triggered the whole meltdown.”

However, his position on Fannie and Freddie seemed to shift slightly in a Sept. 2014 speech in which he said, “I don’t know what’s going to happen to Fannie and Freddie, but I don’t think it’s going to have any sizable impact on what happens in the housing market.”

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