With the 2012 election in their sights, Republican candidates spend most of their time trying to prove that President Barack Obama and the Democrats will make the economy worse.
Presidential hopeful Newt Gingrich recently used this tactic in discussing housing and the new law to regulate the financial industry known as the Dodd-Frank Act. In a June 13, 2011, appearance in Concord, N.H., Gingrich said that Dodd-Frank "establishes a mandatory 20 percent down payment to buy a house. So at a time when housing prices have dropped worse than the Great Depression, we’re now going to have a law that guarantees there’s no housing market for a generation?" Gingrich said this was just one of many reasons to scrap Dodd-Frank entirely.