There is always something about Chicago that is, well, shall we say, a little gangster. There is strong arming, back biting, gun play, bribery and the classic double cross. Never has this been more evident than in the city’s efforts to deal with the plight of its urban poor and public housing. Chicago is arguably one of the most notorious havens for slum lords – one of which was Obama’s associate Tony Rezko. For now we’ll leave out George Soros, Austan Goolsbee, and Brzezinski. The neo-liberal capitalist have come to gentrify America .

City officials have the gall to claim that the Plan for Transformation will help public housing residents—by relocating them into mixed-income and racially diverse neighborhoods. But the evidence so far suggests that most families end up in other segregated and poor neighborhoods—only further away from the central city property that developers have their eyes on.

According to a study by Lake Forest College Professor Paul Fischer, of 1,000 families from the CHA, “almost 80 percent of relocation families are living in census tracts that are over 90 percent Black, and over 90 percent are in census tracts that are under $15,000 median income.Link

Welcome to the tyranny of the middle class. Which explains the replacement of racial antagonism with class antagonism.

Soon, when the Messiah Obama is president, the NIC, under the guise of the National Infrastructure Reinvestment Bank (NIRB, will begin the process of national gentrification by collateralizing our roads, schools, public utilities and housing turning America into a feudal zone of private toll roads, school buildings, water and gas lines. We will have to pay tolls and taxes on everything. Welcome to gentrified America. Welcome the NIC they’ll create the bonds that will bankrupt the nation:

Our core business is creating and managing Real Estate Investment Partnerships that allow individuals and institutions to invest in the equity of a diversified portfolio of Commercial Development, Investment and Rented single-family housing. These funds seek to provide strong total returns, cash dividends, low downside risk, and a low correlation with equities and long-term bonds. Link

They’ll be like the World Bank economic hit men just more local:

You can look at the investment corporation, what we’re trying to create, as a catalyst for investments by the federal government and the states and the private sector together. I mean, imagine this bank as fulfilling somewhat the role of the World Bank on the one hand and the role of Goldman Sachs on the other, i.e., making long-term loans on important development projects that take a very long time, and planning for these investments, and at the same time dealing with the private sector and bringing private capital into this mix.

They are co-chairing a newly formed Commission on Public Infrastructure that’s just surfaced an ingenious idea for a federally funded National Investment Corporation (NIC). Through it, states and local governments could obtain financing for a broad array of potential projects, in ground and air transportation, water systems and school buildings.

By issuing 50-year, self-financing bonds, the NIC could be expected to take a long-term view of infrastructure investment benefits. One can imagine a healthy, competitive federalism as individual states, groups of states, or groups of local governments coalesce to nominate strong projects and agree to repayment of the long-term debt (at rates lower than normal bond markets). Link

Would we trust an NIC, even staffed with the highest-grade professionals, to be making critical infrastructure choices? Wouldn’t critics deride the idea as big, centrally controlled government?

“This will be a very difficult sell in the near term,” Rudman Link

“This will be a very difficult sell in the near term….”

Not when you’ve installed the Manchurian Messiah!

Yes We CAN!!!!