In a brief conference call ahead of President Barak Obama’s visit to Reno, U.S. Congressman Mark Amodei and Nevada Lt. Governor Brian Krolicki raised important questions about the Presidents visit and focus on housing.
Amodei opened the call with an important analogy to housing in the state: “Nevada is the largest federally owned state in the nation. The man visiting today is essentially the land lord of Nevada.”
In a round-about way, the President is the overseeing our mortgages, including those of Val and Paul Keller, Reno residents who he is dropping in to visit today. The couple has benefited from federal programs to lower interest rates.
Amodei and Krolicki do not want the presidents focus on their success to overshadow what they called overall failing policies.
“How many people fit that profile?” Amodei asked about the Kellers. He argued that it has not helped that many.
“When you look at the success of those policies, we are still in critical condition in relation to housing in Nevada.”
“I appreciate the fact that the president is coming to town and sitting in the living room with the Kellers, but it is not going to solve our problems,” said Kroliki. “We need a president that is encouraging job growth. The easiest cure for a foreclosure is a job.”
Amodei addressed that issue earlier by saying that projects like the “Yerington mine bill” which would provide 800 jobs in our area and that it “should have been done by now, but we are still dealing with an administration that is dragging its feet.”
The two politicians also used the Kellers as an example for their stance on the issues.
“That is wonderful (that they were helped by programs) and I don’t think that we can name any one of the (programs). This is about letting banks do what they do best, unlocking capital.”
The embattled banking industry and a piece of federal legislation called Dodd Frank that restricts bankers
“The Kellers are sure nice folks, but I am wondering if the President will talk to them about how Dodd Frank has worked for Val’s employer,” Amodei said.
Kroliki called the legislation, “Gobbly gook that is hard to understand.”
Only three questions were allowed and the last question was regarding the impact of the President’s recent stance on gay marriage. Amodei said, “I think we are digressing from the theme at hand.” And the call ended.