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Except he isn't, at this point all he's doing is claiming to want to give the poor some crumbs, so that those who haven't yet, don't turn on him.
A 5% increase limit is still an increase, he's not doing you any fucking favours by continuing to allow landlords to gouge you, only a little more conservatively.
I was responding specifically to the implication that Biden isn't trying to do loan forgiveness, which is factually incorrect. It's the courts that keep blocking the plan and forcing it to be narrower in scope, not Biden.
As for this proposed cap on rent increases, I fail to see how a limited increase is worse than an unlimited one. Is it less action than we need? Definitely. Is it insulting that it took the credible threat of a fascist dictatorship to extract this tiny concession? Absolutely. Am I going to kick and scream because it isn't everything I wanted? Hell no! Just the fact that the President is seriously discussing this is an improvement, and we need all the leftward momentum we can get if we ever want to start pushing the Overton window on economic issues.
I used to scoff like this at early efforts to decriminalize marijuana. "Lower penalties? State-issued medical cards with heavy restrictions? None of that actually solves anything! It needs to be completely legal!" Now look at where we are: Fully legal in 24 states, partially legal in most others, and the DEA has started the process for rescheduling to a less-restricted category. It was slow going and we're still not quite where we need to be, but that's way more progress than I ever thought we would get!