Sen. Mark R. Warner, D-Va.
On stabilizing the credit markets: “While nobody likes the idea of continuing to prop up some of the banks, if the banks freeze up additional credit, then this economy is going to go even further down.”
On Obama’s plan to stabilize the housing market: “I think the president laid out what was a good framework of a plan. We’ve got to make sure we don’t reward speculators, but those folks who are upside down on their mortgagees, let’s … give them a little more time … and get this housing market stabilized.”
Sen. Jim Webb, D-Va.
On Obama’s plan to stabilize the housing market: “What we do will depend on the will of the Congress. I’m not going to sign off on anything that comes over from the administration, just because it’s been proposed.
On the Obama administration’s economic agenda overshadowing foreign affairs: “I’m very concerned that we also need to be addressing the foreign policy area… It seems to me that foreign policy right now is just continuing along the momentum of the Bush administration without a lot of real changes and we need to step up and refocus our strategy in that area too.”
Rep. Tom Perriello, D-5th, did not attend the speech due to a family emergency, according to his spokeswoman.
Rep. Bob Goodlatte, R-6th: “The American people are not looking for just any solutions. They are looking for the right solution … We don’t want to increase our dependence on government. I think we ought to freeze spending.”
Rep. Rick Boucher, D-9th: “It is ultimately to the benefit of everyone, including homeowners who are responsibly paying their mortgages, and … the broad national economy, if we take steps to stem the rate of foreclosures, and that is what the president’s program is designed to do.”
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