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December 21, 2008
A Private War
Bill Moyers Journal
Forest City appears on a list of private companies bidding for military housing government contracts in a Bill Moyer's expose. Why would Forest City be interested?
In the Bush administration you have a wish to turn over to private industry the business of government. In turning over of government to private industry, to release them from oversight. There is a lot of logic behind the idea, one of the logics is that, if only government were to operate like private industry, then government would be a more efficient operation. But if you think about it, what if they spent money like the executives of Lehman Brothers and Enron? Do we really want our governments operating like that?
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It's a very good deal, because you get homes for free to manage, and to collect rents on, you get up front money from the taxpayer and the rents are provided by the taxpayer because those are in the form of housing allowances given to military personnel. They are going to control that property for 50 years.
Posted by amy at December 21, 2008 11:39 AM