- Jul 6, 2008
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Did a great job building homes for people who couldn't afford them.. Oh yea.. it's not a happy ending. :0corn
http://moneyrunner.blogspot.com/2008/07/barack-obamas-accomplishments-chicago.html
Binyamin Appelbaum of the Boston Globe describes how Chicago proved that it is actually possible to build a perpetual motion ? ahem ? perpetual money machine. The formula is as follows: take one large batch of community activists, add programs to create massive amounts of low cost housing, add public subsidies and stand back!
The squat brick buildings of Grove Parc Plaza, in a dense neighborhood that Barack Obama represented for eight years as a state senator, hold 504 apartments subsidized by the federal government for people who can?t afford to live anywhere else.
But it?s not safe to live here.
About 99 of the units are vacant, many rendered uninhabitable by unfixed problems, such as collapsed roofs and fire damage. Mice scamper through the halls. Battered mailboxes hang open. Sewage backs up into kitchen sinks. In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale - a score so bad the buildings now face demolition.
http://moneyrunner.blogspot.com/2008/07/barack-obamas-accomplishments-chicago.html

