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Saturday, December 15, 2007

Sprawl Eats its Young

From a post on Counterpunch by Alan Farago via Laura Paskus at High Desert Reports:

(...) We all know that to understand politics, follow the money. But in this case-of a mortgage crisis whose repercussions will dwarf the savings and loan meltdown of two decades ago-you can't follow the money because billions-hundreds of billions-have disappeared down the rat hole of suburban sprawl dug under the disinterested eye of Congress and the White House.

There is still no discussion about how to change the equation of sprawl and of a Growth Machine that is running the U.S. economy off the rails. But the electorate is growing restive and investors are furious, as they should be.

 

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