Thursday, November 27, 2008

Essential reading....

The Suburbs March On and On...

The fact that Parkland has such wealthy and well-connected owners and agents should give us pause. We reward those who can sell as many mortgages no matter the outcome. We shipped those mortgages off to ends of the earth and now we are dealing with an international crisis.

We are seeing the results of this process across the world. Bailouts come every day, we are above four trillion dollars. Entire neighborhoods in California, Florida, and Nevada sit empty.

Closer to home, we have a UDB line which has served our community well. It would be foolish to reward speculators with ANOTHER bailout (which is what allowing Parkland to be built would be, in my opinion).

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