Ideology and Wishful Thinking, the Foundations of Republicanism 2
Krugman:
Oh, and conservatives simply ignore the catastrophe in commercial real estate: in their universe the only bad loans were those made to poor people and members of minority groups, because bad loans to developers of shopping malls and office towers don’t fit the narrative.
Speaking of catastrophes in commercial real estate, as I traversed the Jersey Turnpike this weekend, I saw the number of vacant warehouses has increased since my last trip up that way, and office buildings which had been occupied by the same folks ever since I first traveled that road [mumble] years ago are now for rent, cheap.
One sign by a warehouse park touted “1,000,000+ Square Feet Available!” Three of those is a square mile.
And I only went from Exit 7A to Exit 11.
December 14, 2009 at 10:25 am
Christie is going to solve all the problems in NJ….just wait
December 14, 2009 at 8:25 pm
I’ll leave town first.
Wait.
I’m already leaving town.
As Aubrey Daniels once said, if something isn’t working, you can’t fix the problem by doing the same thing harder.