Monday, September 17, 2012
Today, the Pundit of Pundits has a couple of posts and a column about the junior squeeze, the senior squeeze, and the middle-class stretch. Stanley Kurtz's new book, Spreading the Wealth: How Obama is Robbing the Suburbs to Pay for the Cities explains all this. If young people are still living in their childhood bedrooms and senior citizens are moving in with their children in those same houses, the housing density in the US will rise appreciably, thus reducing suburban sprawl. So higher unemployment, a stagnant housing market, and much higher energy costs will lead to reductions in emissions of greenhouse gases and less dependence on foreign energy sources. These results are exactly those desired by the Obama administration; is it remotely possible that the means by which they are being achieved are, in fact, intended?