Trump Seeking to Privatize Fannie and Freddie – Without Congress | Habitat Magazine
"First the Trump administration announced a “national emergency” in an effort to secure funds for a southwestern border wall without Congressional approval. Now, the Financial Times reports, the White House is moving to privatize the nation’s two largest mortgage guarantors, Fannie Mae and Freddie Mac, without Congressional approval."
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Fannie Mae has assets worth over $3 trillion. Freddie Mac, over $2 trillion. If this goes through, we are looking at the end of constitutional government in the US. For 8 years, Republicans ranted about Obama's supposed executive overreach. Now Trump is going flat-out dictator, and what do we hear from Republicans in Congress? Mostly crickets.
Monday, February 18, 2019
Thursday, February 14, 2019
Military Families Report Major Problems With Privatized Housing : NPR
Military Families Report Major Problems With Privatized Housing : NPR
Privatization is never the panacea that Republicans and libertarians claim it is. Introducing the profit motive creates an incentive to cut corners.
"Severe mold, asbestos and electrical hazards are among the dangers in private military housing for thousands of service members' families, according to a new survey conducted by the Military Family Advisory Network. The report was released Wednesday, in conjunction with a Senate Armed Services Committee hearing about the state of privately managed military housing. Nearly 17,000 people responded to the survey across 46 states. And more than 55 percent of participants who lived in private housing said they were dissatisfied with how management companies oversaw their dwellings."
Privatization is never the panacea that Republicans and libertarians claim it is. Introducing the profit motive creates an incentive to cut corners.
"Severe mold, asbestos and electrical hazards are among the dangers in private military housing for thousands of service members' families, according to a new survey conducted by the Military Family Advisory Network. The report was released Wednesday, in conjunction with a Senate Armed Services Committee hearing about the state of privately managed military housing. Nearly 17,000 people responded to the survey across 46 states. And more than 55 percent of participants who lived in private housing said they were dissatisfied with how management companies oversaw their dwellings."
Sunday, January 20, 2019
Watch for Republicans to use the shutdown to privatize government
The shutdown’s real lesson: Government has taken hostage too much of the economy - MarketWatch
I expect Trump and the Republicans to use this self-engineered shutdown as a pretext to privatize as many government functions as possible. The over-arching objective of the Trump regime, to the extent that it has one amid the chaos, is to advance the project of letting plutocrats strip-mine the national government of as many of its assets as they can grab before they are thrown out. This op-ed from Market Watch is part of that project. The national park system is one of the main targets. Airport are on the list. With airport terminals starting to shut down as unpaid TSA screeners call in sick, it won't be long before Trump and his enablers start talking privatization.
I expect Trump and the Republicans to use this self-engineered shutdown as a pretext to privatize as many government functions as possible. The over-arching objective of the Trump regime, to the extent that it has one amid the chaos, is to advance the project of letting plutocrats strip-mine the national government of as many of its assets as they can grab before they are thrown out. This op-ed from Market Watch is part of that project. The national park system is one of the main targets. Airport are on the list. With airport terminals starting to shut down as unpaid TSA screeners call in sick, it won't be long before Trump and his enablers start talking privatization.
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