The Great Debate

Ted Cruz needs an issue if he wants to win – and this is it

By Craig Shirley
January 28, 2016
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Senator Ted Cruz (L) and President Ronald Reagan REUTERS

Senator Ted Cruz (R-Tex.) would be wise to avoid the mistake Ronald Reagan made early in his 1976 insurgent campaign to supplant President Gerald Ford as the Republican presidential nominee. Cruz needs a crystallizing justification — a signature issue.

A solution for underwater mortgages: Eminent domain

By Robert Hockett
June 19, 2012

It has been nearly six years since U.S. home prices peaked and then plunged, and still the nation’s mortgage markets remain mired in slump. Despite occasional signs of improvement in some localities, the S&P Case Shiller Index shows home prices down 9 percent from their previous post-bubble high – itself very low in relation to trend. Meanwhile a backlog of some 400,000 homes awaited liquidation at the end of 2011, and an additional 2.86 million mortgages were 12 or more months delinquent. That’s a “shadow inventory” of 3.25 million homes already foreclosed or now facing foreclosure – an inventory that weighs on home prices, families and neighborhoods alike.