The Mortgage Rescue

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This isn’t the most pressing issue in the world, but a few days ago I suggested that some seemingly contradictory poll numbers on Obama’s mortgage rescue plan might actually be perfectly compatible.  Even though it’s counterintuitive, it’s possible that a majority of people approve of his plan and that a majority of people think it’s unfair because it helps out homeowners who were irresponsible.

Today’s NBC/Wall Street Journal poll confirms this.  They asked questions about both support and fairness in the same poll and the results are below.  The most likely interpretation is that about 20% of the country thinks the mortgage rescue rewards irresponsible borrowers but supports the plan anyway.  This shouldn’t come as a big surprise, either.  Lots of us have had to swallow hard over the past few months and support interventions of one kind or another solely because, even though we don’t like them, they seem to be necessary to save the economy.  This is just one more.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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