The moratorium seems a rare bold, public health initiative.
It's not and it
exemplifies policy not even approaching half-measure value on a
still-growing crisis.
What a massive stimulus bill should do
to address this swath of policy is send federal money directly to
landlords to pay for tenants in need of help.
The subsidy could
can be free, or payback without interest or whatever. This would solve
the problem for the tenants, the landlords, the banks and the coming
worst-yet liquidity crisis.
In context, the moratorium is
dishonest. Tenants in need are just pushing off eviction until after Jan
1 because after that they’ll be expected to come up with a pile of
money for back-rent, penalties and they won’t have it.
But comprehensive public policy solving crises is not what Trump, Nancy Pelosi, Chuck Schumer and Joe Biden do.
They all play political games and likely Democratic Party officeholders will receive a new memo advising Dems to blame everything on the Russians.
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