June 28, 2008

ASK NOT WHAT YOUR COUNTRY CAN DO FOR YOU, ASK WHAT OBAMA WILL DO TO YOUR COUNTRY:

Grim proving ground for Obama's housing policy: The candidate endorsed subsidies for private entrepreneurs to build low-income units. But, while he garnered support from developers, many projects in his former district have fallen into disrepair. (Binyamin Appelbaum, June 27, 2008, Boston Globe)

Grove Parc has become a symbol for some in Chicago of the broader failures of giving public subsidies to private companies to build and manage affordable housing - an approach strongly backed by Obama as the best replacement for public housing.

As a state senator, the presumptive Democratic presidential nominee coauthored an Illinois law creating a new pool of tax credits for developers. As a US senator, he pressed for increased federal subsidies. And as a presidential candidate, he has campaigned on a promise to create an Affordable Housing Trust Fund that could give developers an estimated $500 million a year.

But a Globe review found that thousands of apartments across Chicago that had been built with local, state, and federal subsidies - including several hundred in Obama's former district - deteriorated so completely that they were no longer habitable.

Grove Parc and several other prominent failures were developed and managed by Obama's close friends and political supporters. Those people profited from the subsidies even as many of Obama's constituents suffered. Tenants lost their homes; surrounding neighborhoods were blighted.

Some of the residents of Grove Parc say they are angry that Obama did not notice their plight. The development straddles the boundary of Obama's state Senate district. Many of the tenants have been his constituents for more than a decade.


The Left can't support giving individual vouchers to the needy, because it would tend to liberate them. So you come up with this scheme to benefit Cook County developers and the tragedy is well-launched.

Posted by Orrin Judd at June 28, 2008 8:51 AM

The Left can't support giving individual vouchers to the needy, because it would tend to liberate them.

Those liberated, once tasted freedom, would not want the nanny state again.

Those developers, once obtained taxpayers' money, will share the loot with him as "campaign contributions".

What will a politician do?

Posted by: ic at June 28, 2008 12:51 PM

This really says it all.

"Grove Parc and several other prominent failures were developed and managed by Obama's close friends and political supporters. Those people profited from the subsidies even as many of Obama's constituents suffered. Tenants lost their homes; surrounding neighborhoods were blighted.

“Campaign finance records show that six prominent developers - including Jarrett, Davis, and Rezko - collectively contributed more than $175,000 to Obama's campaigns over the last decade and raised hundreds of thousands more from other donors. Rezko alone raised (another) $200,000, by Obama's own accounting."

Obama's association with convicted Mafia slumlord Tony Rezko is just the tip of the iceberg.

Obama can not be elected. America will never drink his Kool Aid.

Posted by: jm Kelley at June 30, 2008 10:11 AM
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