The Harrowing Politics of Mortgage Relief

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Last night I briefly noted that among the Republican candidates at Tuesday’s debate, “Nobody even pretended to have anything to say about housing.” If you want to know what I was talking about, Dave Weigel rounds up the responses under the headline, “The GOP Candidates on Foreclosures: A Study in Mush.” That’s about right. And that’s true for both fringe candidates and front runners alike. Tim Murphy has more on Mitt “Let It Hit Bottom” Romney here.

In fairness, President Obama hasn’t exactly been a profile in courage on this issue either. But the Republican responses are a grim reminder of just how bad the politics of housing are. Voters may say they hate bailing out the banks — and they do! — but they hate bailing out the profligate next-door neighbors even more. No politician in America seriously wants to risk voter wrath by doing that.

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.

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.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate