From the Boston Globe, which no one will ever confuse with the Wall Street Journal:
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.
Dan Curry of Reverse Spin adds his analysis:
The story is extremely powerful because it shows how a liberal policy that Obama espouses works exactly the opposite of its intent: The powerful get the spoils and the poor get the shaft. And it shows that Obama, our man of great "judgment," was either asleep at the switch or corrupt.
And, Obama wants to expand the concept if he becomes president. Even his friends shudder.
Back to the Globe:
Jamie Kalven, a longtime Chicago housing activist, put it this way: "I hope there is not much predictive value in his history and in his involvement with that community."
The best-known of those developers cited in the Globe article? Convicted felon Antoin "Tony" Rezko. But Allison Davis, Obama's boss when he worked as lawyer, and Valerie Jarrett, a member of the Cult of Change's finance committee, also played a role in this fiasco.
The last excerpt comes from the most recent National Review:
When he left for law school, Obama wondered what he had accomplished as an organizer. He certainly had some achievements, but he did not--perhaps could not--concede that there might be something wrong to his approach to Chicago's problems. Instead of questioning his own premises, he concluded that he simply needed more power to get the job done. So he made plans to run for political office. And in each successive office, he has concluded that he did not have enough power to get the job done, so now he is running for the most powerful office in the land. And what if he gets it? He'll be the biggest, stongest organizer in the world. He'll dazzle the country with his message of hope and possibility. But we shouldn't expect much to actually get done.
Or things could get worse, as they did during Jimmy Carter's failed presidency.
Barack Obama: Change to run away from.
Thanks for the link:
Doug Ross @ Journal
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3 comments:
The issue is really did the friends of Sen. Obama make their money upfront while the projects failed and went into foreclosure, disrepair or bankruptcy.
I believe that a lot of the deals were structured so the promoters made their money upfront.
GROVE PARC RESPONDS TO ARTICLE ON OBAMA HOUSING POLICY
Tenants call on all candidates to support Human Right to Housing
In recent days, leading news organizations around the country have reported on the housing policies of Senator Barack Obama, following a feature article published in the Boston Globe which highlighted the example of the Grove Parc Plaza Apartments, a subsidized housing complex in Chicago’s Woodlawn neighborhood that we call home.
The Globe Article, while rightly raising concerns about the failure of the private sector to adequately provide for the housing needs of the poor, unfortunately leaves out half of the story. Grove Parc is not just an example of the failures of past policies, but a beacon of hope for the way forward. Tenants have not only stopped foreclosure and the displacement of some 500 low income families, but also brought in new management committed to working with the tenants to rebuild affordable and quality housing for all residents. In so doing, we have highlighted two fundamental principles that both presidential candidates would do well to heed as they finalize their housing policy platforms,-- first, the full participation of tenants, who have the biggest stake in housing policy, and second, the guarantee of quality housing for all as a human right and social responsibility.
In the wake of massive housing cuts, privatization, and foreclosures that have left millions without a stable home – problems for which both major political parties must take responsibility - it is time for both candidates to tell the American people how they will ensure quality housing as a human right and reality for every American family. In short, the new administration must ensure a roof over the head of all American families.
Never has it been clearer that government has to play an active role in ensuring that America’s families have safe, decent housing. Millions of home-owners are facing foreclosure. Gas, food and utility prices are sky-rocketing. Thousands of units of public housing are being torn down from New Orleans to Miami to Chicago and close to 500,000 families - including many elderly and disabled - may soon be put out on the streets due to Congress under-funding HUD’s subsidized housing program by $2.8 billion this year. Homelessness and poverty will continue to rise until we treat housing as a human right rather than a source of profit for speculators and developers. In Chicago, for example, a recent study published in the Chicago Tribune shows that a minimum wage worker would have to work 97 hours a week, 52 weeks a year to afford a modest two-bedroom apartment. Low-income communities of color, in particular, are being ravaged by this crisis, which extends far beyond housing. Displacement weakens our communities and in so doing makes problems like youth violence and unstable schools even worse. The promise of “mixed-income” communities has been a smoke screen for a set of policies that have involved tearing down lots of housing and replacing very little of it. The people affected by these policies are never at the table when they are created.
While the Globe article raises important points about the problems in both public and subsidized housing, it fails to highlight the role played by massive budget cuts to HUD, which has created a lack of oversight over all HUD programs. These cuts have been carried forth by both parties, and their effects have been made even worse by rampant corruption in the last HUD administration, whose Bush-appointed National Secretary, Alphonso Jackson, recently stepped down amidst allegations of contract steering.
But there is another way forward. Our nation needs to guarantee the Human Right to Housing for all of its citizens, regardless of income and race, and to ensure that the people affected by policies are active participants in creating them. As a start we call on both candidates to commit to:
• Fully fund HUD
The 2008 HUD subsidized housing budget was under-funded by $2.8 billion dollars, threatening to triple the rents of 500,000 families overnight (40% of whom are the elderly and disabled) unless Congress acts fast.
• Support tenant empowerment and oversight
Grove Parc is turning around because as tenants we are taking control of our housing. We chose a new management company, stopped HUD from foreclosing on our complex, and have won awards around the country for our efforts. Grove Parc is proving that when the people who live in housing finally have a voice in how it is run another future for subsidized housing is possible.
• Declare a moratorium on demolition of public housing and foreclosures
Most of the public sees housing subsidies as hand-outs to the poor, not realizing that the vast majority of HUD subsidies go to first time home buyers. Ironically, now both groups are in the same boat, unsure of where to look for housing as banks are bailed out but homeowners are left hanging while the few safety nets that exist continue to be decimated by the current administration.
• Create a comprehensive plan to ensure the human right to housing for all
We hope that the both campaigns will see this as an opportunity to take a strong stand for Housing as a Human Right and to take a critical look at the failure of privatizing housing and the need for strong public oversight and tenant control. Some will undoubtedly use the stories of wasted money and failed housing in the Globe article as justification to further cut these programs. Cutting badly needed subsidies in any housing program, especially in economic times like we are in, is irresponsible, unethical and inefficient, creating many unforeseen costs to society. With better oversight and regulation, an expansion of all housing programs and tenant inclusion in policy-making, the Human Right to decent and safe housing can become a reality for all.
GROVE PARC TENANTS ASSOCIATION
“Housing is a Human Right – We won’t go without a fight!”
FOR MORE INFORMATION:
www.stopchicago.org
www.saveourhomes.org
www.economichumanrights.org
www.righttothecity.org
"Housing is a human right"?? Since when? How about Life, Liberty and the pursuit of happiness? Those are your inalienable rights...not housing. Not healthcare. Not a job.
That is the problem with Barack Obama (and quite frankly some of the things McCain has mentioned)...they want government to provide those needs and wants. Can we all say socialism?
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