The "Becoming-Rent-of-Profit"

As usual, Žižek was way ahead of everyone else. If you remember, he predicted some time ago that Obama would behave like a conservative president. So why can't liberals in the USA take the plunge and become true leftists?

"Home Sweet Wall Street"

Posted on Feb 16, 2011

By Robert Scheer

A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership. Instead of punishing the banks that sabotaged the American ideal of a nation of stakeholders by “securitizing” our homesteads into poker chips to be gambled away in the Wall Street casino, Barack Obama now proposes to turn over the entire mortgage industry to those same banks.

The proposal, originated by Treasury Secretary Timothy Geithner, involves nothing less than a total “winding down” of the 80-year-old federal housing program, setting instead a new goal of a two-tiered America in which the masses are content to be mere renters of the American Dream. Such a deal for a country where, as the report concedes, “Half of all renters spend more than a third of their income on housing, and a quarter spend more than half.”

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http://www.truthdig.com/report/item/home_sweet_wall_street_20110216/