The crawl underneath a speaking Obama on Fox News right now:”Obama: Propose a 3-month moratorium on foreclosures.”

Why stop there?

Apparently it would only apply to banks that are part of the $850 billion rescue/bailout package. Of course, foreclosures, unpleasant as they can be, are part of the process of taking a house away from someone who won’t or can’t pay for it and putting in someone who can and will. They’re one of the ways that banks that loan money for mortgages can fix the problem of someone not meeting their contract, their promise, to pay what they owe. And if somebody can’t pay a reset adjustable-rate-mortgage or what have you, I don’t know what a three month extension is really going to do, particularly if the economy is heading into a recession. You either foreclose now, or you foreclose three months from now.

Of course, once you enact that moratorium, you’ll hear people insisting it needs to be extended…