Mass Delusion American Style

No Exit: Stage Left or Right


Housing Crisis a Symptom of Capitalism's Failure

Rick Wolff, Truthout: "This capitalist crisis resembles a certain kind of serious disease. Different symptoms keep flaring up at different locations. It began with subprime mortgages in residential housing. Then, sequential flare-ups hit the private banking system, forced millions out of their jobs and homes, drastically cut world trade, and undermined the public services and national debts of several European countries. Meanwhile, another symptom festered in the credit freeze crippling so much private borrowing. Now, yet another symptom matures, as government subsidies and supports to our crisis-ridden private housing industry add rising billions to the deficit."

A Permanent Housing Collapse?

Shamus Cooke, Truthout: "The recent chaos that erupted when 30,000 people waited hours in the Atlanta, Georgia, heat to receive applications for subsidized housing is a mere symptom of a worsening national problem."


Housing Holocaust: Existing Home Sales Plunge, Market Follows

By Mike Whitney

Today's bleak housing numbers are not the result of a "cyclical downturn", but of a crime perpetrated on the American people. There must accountability. Someone's gotta pay!

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