Monday, October 25, 2010

Economic Consequences of Foreclosure Moratorium Should Take Precedence over Emotional Appeals

By Kevin Mooney
On the surface, it is very easy for readers to sympathize with financially stressed families that may be evicted from their homes. But emotional appeals should not serve as a substitute for reporting on the economic consequences of government intervention that will cost prospective homeowners over the long-term.

News reports that personalize the misfortunes of individuals who have been identified as potential new constituents for the political class make for highly effective yarns. Here the New York Times takes up the case of Nicholle Bradbury, a resident of Denmark, Maine, who cannot keep up her mortgage payments and faces a potential eviction. On the surface, there is good cause for sympathy.

Get full story here.

No comments: