Tuesday, July 26, 2016

How Bloomberg "News" Makes the Liberal Sausage

OK, here goes...liberal think tank comes up with a "simulator" that, no matter what inputs you enter, spits out results that say we need more liberal policy.  That's step 1.  Step 2 is that a "news" agency that is somewhat famous for coordinating with liberal actors in government and politics, publishes this "simulation" as news, even going so far as to pretend it is true, until the third paragraph, where they tell you it isn't true, but that you ought to believe it anyway.

This is how the news gets made folks...
A real estate developer wanted to increase affordable housing in Denver, trying to make fiscal sense out of a plan to build rental apartments for people making only 30 percent of the area's median income—the kind of housing America desperately needs. He discovered that, no matter what lever he moved or compromise he made, he was going to need some money from the government to make it work. Then he was going to need some more. 
Almost one in four U.S. renters spends more on housing than they can afford, according to a report in June from Harvard University‘s Joint Center for Housing Studies—and the problem gets worse at the lower end of the income spectrum. About 10 million renter households earn 30 percent or less of the area median income, accounting for a quarter of the renter population. The U.S. would need to add more than 7 million cheap apartments to meet demand from such extremely low-income renters, according to a recent report from the National Low Income Housing Coalition
“If we want to prioritize closing the gap for low-income households, we’re going to need more funding from public subsidy,” said Erika Poethig, director of urban policy initiatives at the Urban Institute, which published an online simulator Tuesday for the purpose of illustrating the challenges to building new affordable housing. Our Denver developer above is fictional, but he's an illustration of what that simulator churns out: No matter how you slice it, creating the affordable housing needed today probably requires government help.
Hey, how about this crazy idea...don't do it.  Maybe Denver shouldn't have affordable housing.  Maybe if no one can make it work, it shouldn't be done. 


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