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Thu Mar 22, 2012, 02:09 PM

Socialism Built The Suburbs, The Bush Years Destroyed Them

Socialism Built The Suburbs, The Bush Years Destroyed Them

The public infrastructure built during the New Deal, World War II and the cold war transformed the nation’s built environment. That part of the story is familiar. Government highway programs significantly shortened travel times from surrounding urban centers. Developers leveraged cheap mass-building techniques, G.I. loans to returning veterans, and Federal Housing Authority programs to conjure subdivisions in farm fields from Levittown, N.Y. to Anaheim, Calif. Working-class men and women could purchase homes with government-backed low-interest mortgages; loans to veterans required no down payments.

These subsidized opportunities increased the number of American homeowners from 40 percent in 1940 to 62 percent in 1960. The suburban share of the nation’s population grew from a mere 7 percent in 1910 to 32 percent by 1960. By 1970, the Census Bureau declared that the United States had “become a nation of suburbs.”

And then came crony capitalism, financial deregulation and Bush’s ‘ownership’ society:

The Brookings Institution reported two years ago that “by 2008 suburbs were home to the largest and fastest growing poor population in the country.” In the previous eight years, major metropolitan suburbs had seen poverty rates climb by 25 percent, almost five times faster than cities. Nationwide, 55 percent of the poor living in the nation’s metropolitan regions lived in suburbs.


the rest:
http://campaignstops.blogs.nytimes.com/2012/03/19/the-new-suburban-poverty/
http://liberalsarecool.com/post/19713077944/socialism-built-the-suburbs-the-bush-years-destroyed

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Reply Socialism Built The Suburbs, The Bush Years Destroyed Them (Original post)
kpete Mar 2012 OP
freshwest Mar 2012 #1

Response to kpete (Original post)

Thu Mar 22, 2012, 04:59 PM

1. K & R

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