Letters to the Editor
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A glimpse into Obama's concern for the "community"
Who said this about an African American community when asked how come the buildings of his patron, went into bankruptcy and ultimate failure?
A: Housing partnerships in which low-income-housing tax credits are syndicated frequently struggle financially. The reasons for the problems such partnerships struggle are complex but frequently include urban crime, demographic changes and social factors outside the control of any developer or owner. Senator Obama was not otherwise aware of financial and physical problems attributable to misconduct by Mr. Rezko
http://www.suntimes.com/news/metro/353786,CST-NWS-rezquestions23.article
Translation: It was not his fault, it was not the developer's fault, it was the fault of the tenants and the neighborhood (by the way it was the neighborhood he represented). Gee, I guess we know when it comes down to brass tacks which side he will take.
Low income housing tax credit projects fail because of the developer and the management Mr. Obama, not because of the communities they are designed to serve. Thousands of affordable units in the most complex neighborhoods are structured and operated to the benefit of the community. Sorry folks, I don't buy the concern for the people. Just another politician who will sell out his community for donations and power.