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G AND DEMOCRATS
SAY THEY ARE CLOSING THE GAP.
>> WE HAVE LESS THAN TBO WEEKS
TO MAKE A VERY IMPORTANT
DECISION WHO WILL YOU CHOOSE TO
BE PRESIDENT OF THE UNITED
STATES.
ONE OF THE BIGGEST ISSUES WE
FACE IN
FLORIDA AND TAMPA BAY OF
COURSE IS THE STRUGGLING HOUSING
MARKET.
BOTH CANDIDATES HAVE A PLAN TO
GET THINGS BACK ON TRACK.
WE ARE JOINED BY PETER MURPHY,
CEO OF HOME ENCOUNTER AND THANK
YOU PETER FOR JOINING US AGAIN
THIS WEEK.
BOTH PRESIDENT OBAMA AND MITT
ROMNEY HAVE SPECIFIC OUTLINES
FOR HOW TO HELP THE HOUSING
MARKET REBOUND AND SOME WAYS
THEY ARE SIMILAR AND SOME WAYS
THEY ARE DIFFERENT.
GET RIGHT TO THE PLANS.
>> SURE THING.
IT IS AMAZING HOW DIFFERENT THEY
ARE IN SOME WAYS.
THEY DO SHARE EACH OF THE
CANDIDATES' WORLD AND POLITICAL
VIEWS.
OBAMA COMES OUT
OF THE GATE AND
WANTS TO ENCOURAGE PEOPLE TO --
LENDERS TO REFINANCE.
PEOPLE WHO ARE UNDERWATER ON
THEIR MORTGAGES.
IT WILL FUNDAMENTALLY FIX THE
HOUSING MARKET.
ROMNEY AND HIS CAMPAIGN, THEY
SAY BY REFORMING FREDDY AND
***.
THESE GOVERNMENT BANKS WILL DO
ONE OF THE BEST THINGS IT WILL
DO FOR THE MARKET BY ADDING
SECURITY AND CONFIDENCE TO THE
HOUSING MARKET WHICH WILL INSEN
TIES
LENDERS TO WANT TO
REFINANCE ON THEIR OWN.
>> THE NECK PART OF THE
PRESIDENT'S PLAN FOCUSES ON
HOMEOWNER'S BILL OF RIGHTS AND
ROMNEY WANTS TO GET THE CREDIT
FLOWING AGAIN.
>> THAT IS EXACTLY RIGHT.
BOTH DO REALLY.
THE OBAMA CAMPAIGN IS LOOKING AT
THIS AND SAYING WE NEED
PROTECTIONS FOR HOMEOWNERS SO
THEY DO NOT GET THEMSELVES IN
THE MESS THEY GOT THEMSELVES IN
FIVE YEARS AGO WHICH CAUSED THIS
HOUSING COLLAPSE.
ROMNEY ON THE OTHER LAND SAYS WE
DO NEED THAT BUT WE ALSO NEED
SOME LIBERATION REALLY FROM ALL
THE ONUS
REQUIREMENTS THAT HAVE
BEEN PLACED ON LENDERS SINCE THE
COLLAPSE WHICH MADE IT SO HARD
FOR PEOPLE TO GET LOANS AND SAID
IF WE REMOVE THAT, PEOPLE WILL
BORROW MORE.
THE BIG DIFFERENCE BETWEEN THE
TWO CANDIDATES.
>> THEY HAVE TWO IDEAS HOW TO GO
ABOUT THE FORECLOSED PROPERTIES.
>> THERE ARE A TON OUT THERE.
A LOT ARE OWNED BY *** AND
FREDDY.
OBAMA CAMPAIGN SAYS TURN ALL
THOSE HOMES IN TO RENTALS AND
KEEP THEM OWNED BY THE
GOVERNMENT AND TURN THEM INTO
RENTALS AND CREATE REVENUE FOR
THE GOVERNMENT AND AT THE
SAME
TIME WE WILL STABILIZE THE
HOUSING MARKET.
ROMNEY CAMP SAYS SELL THEM.
THE GOVERNMENT SHOULD NOT BE IN
HOMEOWNER CAMP TO BEGIN WITH AND
WE SELL THEM AND PUT THEM IN THE
COFFERS.
>> NEXT PART OF THE PRESIDENT'S
PLAN GIVE THE UNEMPLOYED A BIG
BREAK.
ROMNEY WANTS TO USE A DIFFERENT
TACTIC TO AVOID THE SAME PEOPLE
TO AVOID FORECLOSURE.
>> ROMNEY IS SAYING IF PEOPLE
ARE STUCK IN A HOUSE THEY CAN'T
AFFORD, HELP THEM GET OUT OF
THAT HOUSE.
DON'T GIVE THEM A BREAK IN
MORTGAGE PAYMENTS AND LET THEM
GO INTO A SHORT SALE AND GET OUT
OF A HOUSE THEY CAN'T AFFORD.
>> NEXT POINT REGULATION VERSUS
FREE MARKET.
VERY CLEAR.
>> OBAMA CAMPAIGN SAYS PEOPLE
MADE BIG MISTAKES AND NEED TO BE
HELD ACCOUNTABLE FOR THOSE
MISTAKES AND WE NEED TO
INVESTIGATE AND FIGURE OUT THE
SOURCE OF THEM.
ROMNEY SAYS THEY MADE SOME
MISTAKES AND LET'S NOT PUNISH
THEM MORE THAN WE SHOULD AND
LOOSEN FINANCIAL REGULATIONS
THAT MOUNDED UP AROUND MORTGAGES
AND GET RID OF
THIS DODD FRANK
BILL WHICH 19,000 PAGES OF LOW
AND LET THE MARKETS FLOW FREELY
AGAIN.
>> HOUSING MARKET BOTH AGREE WE
HAVE TO GET PEOPLE ON TRACK AND
PEOPLE BACK TO WORK AND THE
HOUSING MARKET WILL WORK OUT.
THAT IS THE BOTTOM LINE.
>> THE HOUSING MARKET REPRESENTS
30% OF OUR G.D.P. IN THE UNITED
STATES AND GOT TO BE WORKING IN
ORDER FOR THE ECONOMY TO BE
WORKING.
WHAT OBAMA PROPOSES IS LET'S GET
PEOPLE BACK TO WORK BY TAKING
GOVERNMENT-OWNED HOMES BY
PUTTING PEOPLE BACK TO WORK AND
IMPROVING THEM.
ROMNEY SAYS LET'S GET PEOPLE
BACK TO WORK PERIOD AND IF THEY
DO, THEY CAN IMPROVE AND THE
HOUSING MARKET WILL COVER.
>> TO THE EXTENT OF THE
GOVERNMENT'S ROLE SHOULD BE IN
FIXING THE ECONOMIC SITUATION.
LESS GOVERNMENT, MORE
GOVERNMENT.
BOTTOM LINE.
>> THINK SO.
DEPENDING WHERE YOU FALL ON
THAT.
YOU WILL AGREE.
>> 12 DAYS TO MAKE YOUR MIND P.
WORLD WAR II VETERAN
FROM HAWAII
WANTED TO CAST HIS VOTE ONE LAST
TIME BEFORE HE DIED AND THAT
VOTE MAY NOT EVEN COUNT.
IT WAS DIFFICULT FOR THIS
93-YEAR-OLD MAN FRANK TO EVEN
OPEN HIS EYES AND DETERMINE TO
EXERCISE HIS RIGHT TO VOTE AND
FILLED OUT HIT ABSENTEE BALLOT
WITH THE HELP OF HIS DAUGHTER
AND DAYS LATER LOST HIS BATTLE
WITH LIVER CANCER.
IF A PERSON VOTE BUYS MAIL AND
DIES BEFORE THE POLLS CLOSE, THE
VOTE WON'T
COUNT.
>> IN THIS PARTICULAR CASE IT
SHOULD COUNT.
>> THE LAW APPLIES TO EVERYBODY,
EVEN THOSE DEPLOYED IN THE
MILITARY.
THE CITY CLERK NEEDED A
NOTIFICATION OF DEATH AND FIND
THAT BALLOT AND PULL IT.
IT IS LIKE A NEEDLE IN A
HAYSTACK.
>> GOVERNOR RICK SCOTT UNVEILED
HIS NEW EDUCATION PLAN AND SAYS
IT PAYS MORE RESPECT TO TEACHERS
AND GICHS PARENTS MORE OPTIONS
AND BETTER PREPARE
STUDENTS FOR
THE FUTURE AND THE GOVERNMENT
DEVELOPED THIS PLAN BASED ON
WHAT HE HEARD LAST NIGHT WHEN HE
TRAVELED AROUND THE STATE.
GOVERNOR SCOTT SAY TEACHERS NEED
MORE OPPORTUNITY FOR
PROFESSIONAL DEVELOPMENT AND THE
STATE SHOULD COME UP WITH A
SPECIAL SUPPLY FUND FOR TEACHER
WHOSE IN MANY CASES HAVE TO
SPEND THEIR OWN MONEY TO BUY
SOME OF THE THINGS THEY NEED.