Skip to comments.The Illustrated Results of Obama's "Community Organizing"
Posted on 01/15/2012 4:16:19 PM PST by grundle
If I didn't know better, I'd think this was Beirut in the nineteen seventies. But, in reality, it's the current state of the housing for which Barack Obama claims responsibility as a "community organizer." It turns out the developers enriched by his government-funded subsidies did a heck of a lot better than the folks who once lived here.
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.
Mice scamper through the halls. 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.
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.
(Excerpt) Read more at directorblue.blogspot.com ...
Obama used taxpayer money to enrich his friends while seeming to help the poor. I’m shocked.
Obama used taxpayer money to enrich his friends while seeming to help the poor. Im shocked.
How I wish this would get out to every single fool who still supports the evil bastard.
look at the Lavish lifestyles of Jesse Jackson, Al Sharpton, Charlie Rangle and so many more compared to who or whom they have claimed to help.
But the successes of the Obamas of the world are never questioned by the liberal masses in the street who gather the petitions and volunteer for countless "charitable" efforts because they are satisfied to worship their 'royals' from afar.
“Community organizer” is simply a euphemism for his true vocation. He is, in fact, a con artist.
The Republican nominee needs to get this out there. There is so much to use against BO if they just will. Need to put his past out there like he is going to do to our nominee. Put him on the defensive. Wouldn’t take much effort.
Our side is either too stupid or weak to use this in an ad...or they actually want Obama to win (a la McCain).
The cherry on top of this pile was Valerie Jerritt, whose firm contracted the building of this monstrosity and evidently enriched herself, family and friends.
The article was in a magazine, I believe. It showed pictures, named names and quoted statements of dwellers and former tenants about how bad it was. Looked 50 years old after only 10.
Where was the press? Well, you know they were all too busy and excited about the historic possibility and electric twitches up their legs and the wonderful crease in the Obamasiah's pants to actually do any vetting. Just one more reason in the lists of thousands of why I loathe the media.
It's literally a WAR ZONE. Makes Beirut look downright glamorous by comparison. (I'm NOT kidding.)
...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... 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... the buildings now face demolition. 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.Sure, but that's because *we* didn't spend enough on these projects. /s
Reminds me of the St. Louis housing project that had to be imploded. One winter all the pipes burst and ice was every where. Rats were all over the place. Well I won’t go on and on, but it basically became inhabitable.
I think we all know the chances of that are minimal.
Sub par materials plus GIVING a place to stay to people that have no pride of ownership.
We had real nice townhouses built for the poor here. Given away to them. Thing was when something broke the poor folk didn’t bother to fix it either from lack of caring or lack of money to fix it with.
Crack can be more important than a leaking pipe ya know.
So the developers got rich, the poor got a place for several years anyway, and you an i got the bill, not only to build these places but to tear them down too.
Liberal ideas do NOT work
Mr. Community Organizer did wonders with Federal money for low-cost housing.
Grim proving ground for Obama's housing policyExplosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae
"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."
July 17, '08
Fannie, Freddie spent millions on lobbyingFrom April '08
Raines, the company's former chief financial officer, Timothy Howard, and former controller Leanne Spencer were accused in a civil lawsuit of manipulating earnings over a six-year period at Fannie. Raines was appointed by Clinton, after serving as White House budget director under Clinton.
Raines' predecessor, former Fannie Mae chief James Johnson, is a prominent Democrat who was an adviser to 2004 Democratic presidential nominee John Kerry and was selected by Obama to help vet his vice presidential prospects. But controversy over favorable loan deals he obtained with Countrywide Financial Corp., a bank seriously damaged by the mortgage meltdown decline, prompted him to abruptly resign that post in June.
Former Fannie chief agrees to $24.7 million settlement
WASHINGTON Former Fannie Mae chief Franklin Raines and two other top executives have agreed to a $31.4 million settlement with the government announced Friday over their roles in a 2004 accounting scandal.
Raines, former Fannie chief financial officer Timothy Howard and former controller Leanne Spencer were accused in a civil lawsuit in December 2006 with manipulating earnings over a six-year period at the company, the largest U.S. financer and guarantor of home mortgages.
Raines, a prominent Washington figure who was President Clinton's budget director, is relinquishing company stock options, proceeds from stock sales and other benefits. His part of the settlement is worth $24.7 million,
"Two members of Mr. Obama's political circle, James A. Johnson and Franklin D. Raines, are former chief executives of Fannie Mae."
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