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Saturday, February 5, 2011

postheadericon Foreclosure crisis deserves attention (Sen. Jeff Merkley)

If you were to walk up and ask any member of Congress, Republican or Democrat, what the focus of President Obama State of the Union address should be this evening, I can guarantee that their answer would be, “creating jobs.”

This recession was triggered by the bursting of the housing bubble and the ensuing foreclosure crisis. Plummeting housing prices coincided with a massive spike in unemployment, and millions of families are now facing foreclosure.   

In order to fix this mess â€" to create jobs and restore the economy for small businesses and working families â€" we absolutely must address the foreclosure crisis.

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