Originally published on OCTOBER 21, 2008
Too many are citing Barack Obama’s inexperience as a reason he is not qualified for the Presidency when it is precisely his experience that we should be looking at.
We are now facing a national housing crisis and Obama has promised to fix it by creating the Affordable Housing Trust Fund that would give developers $500 million dollars a year. Well let’s take a look at Barack’s experience in Chicago as a community organizer and Senator. He played a key role in coauthoring an Illinois law that created new tax credits for developers and increased federal subsidies.
Sounds like an Affordable Housing Trust Fund. So let’s see the thriving neighborhoods under Obama’s watch:
There are several hundred apartments like this in Obama’s former district that are in disrepair. Just in Grove Parc Plaza there are 504 apartments most of which are unsafe. Ninety-nine units are vacant because they are uninhabitable because of damage from fire, collapsed roofs, sewage back ups, not to mention the rodent infestations.
In 2006, inspectors graded the complex 11 out of 100 which means it now faces demolition. So who benefitted the most from this Chicago housing project? Because it obviously wasn’t the south-side neighborhoods.
Barack supporter and former fundraiser Tony Rezko’s company received money to rehab more than 1000 of these apartments. Where do you think the majority of that money went? Rumor has it that he made huge campaign contributions. Do we really need an Affordable Housing Trust Fund to develop and manage substandard housing in the rest of the country? What kind of change is Barack Obama’s experience going to bring?
“The nine most terrifying words in the English language are: “I’m from the government and I’m here to help.” – Ronald Reagan.