
East Lansing Mayor Victor Loomis (left) and U.S. Rep. Carolyn Cheeks Kilpatrick (center) join the Rev. Jesse Jackson at a state Capitol rally in Lansing on Monday. (Photo by Todd A. Heywood/Michigan Messenger)
LANSING — In an interview with Michigan Messenger following his speech
at a state Capitol rally on Monday, civil rights leader and former presidential candidate Jesse Jackson said a national moratorium on home foreclosure was “absolutely” needed.
“This whole crisis was triggered by the lending crisis. The stimulus was supposedly to stop the housing hemorrhaging. Somehow the stimulus shifted from housing to banks. But there are at least four gushers of blood: There’s jobs, there’s housing, health care and student loans. And right now there is no relationship between the stimulus coming in and the numbers going out. But stimulating banks and closing plants. those workers will then compound the housing crisis and the health crisis. They’ll be going from working to unemployment compensation.”
State Sen. Hansen Clarke, a Detroit Democrat, introduced legislation earlier this year which would create an optional two-year, judicially reviewed moratorium on foreclosures. And while some local politicians, including Lansing Mayor Virgil Bernero have called for the bill to be passed, such a legislative timeout on foreclosure is frozen in the Senate Banking Committee.
Republican Sen. Randy Richardville of Monroe has said he won’t hold hearings on the legislation until he is convinced it won’t “destroy the economy and the housing market.”
Jackson also said he was “absolutely” in support of H.B. 676, a bill pending in Congress to create a single-payer health care system in the United States.
“One of the practical reasons is that every car comes off an assembly line here is minus $1,500,” Jackson said. “That is a factor in the hemorrhage is the health costs. We pay more for insurance per car than we pay for steel. It’s just practical. You have to link the lending and the bail out with reconstruction.”
But such a single-payer health care system is a tough sell on Capitol Hill, where lawmakers are being pressured to pass health care reform legislation before the summer recess. In a recent interview with Michigan Messenger sister site The Colorado Independent, former Vermont governor and Democratic National Committee chairman Howard Dean, who supports a universal “public option,” said that it’s unlikely that the U.S. would adopt a plan that would abolish options for private insurance.
“The truth is there is no pure single-payer on the face of the Earth,” Dean said.