Clinton has hit upon a good issue with her critique of mortgage lenders. While not the same magnitude as the war in Iraq or terrorism, the economy is an issue that will resonate in New Hampshire.
New Hampshire, whose voter-rich southern tier is dotted with former residents of Massachusetts in search of lower taxes and cheaper housing, is particularly vulnerable to variations in the housing and lending markets. Mrs. Clinton delivered yesterday’s address at a recently built school on Eastgate Road, where some 16 so-called McMansions have risen during the housing boom of the last five years.
One of the houses in the development has already been foreclosed upon, another recently sold for almost half its construction price, and two are for sale, resident Wayne Jean said. “What does that say?” he asked. “There are thousands of people like” Ms. Schofield, a mother of three whose house was foreclosed upon, he added. “I think this is worse than the meltdown of ’91 to ’92. What Clinton is saying is spot-on.”