"It is based on the notion that increasing supply of houses at any price will somehow bring down prices. This is trickle-down economics at its most dubious."WTF?!
Yes Phil increasing supply does lower price. Assuming that demand is not totally elastic, just draw a supply and demand diagram and move the supply curve out to the right, price goes down. Its Econ 101 stuff.
And these people want us to vote for them!!
Update: Matt Nolan at TVHE got to this one first. Sorry, what? he rightly asks.