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Some HOPE VI projects have been criticized for substituting market housing for social housing, but the rebuilt Capper/Carrollsburg development replaces all the original housing units with rented public housing (including senior housing) and “workforce” housing, affordable for working families (restricted to households earning a stated percentage of the area’s median income).
Now, I know those kind of antics might make sense in Washington, but they don't make much sense anywhere else, and they certainly don't make sense for working families who are struggling under the weight of their debt.
In the first two years of his presidency, he would be forced to abandon some core elements of his platform-universal health care, aggressive investment in education and training-that might have more decisively reversed the long-term trends that were undermining the position of working families in the new economy.
I have seen the closed factories and the stalled assembly lines of Anderson, Indiana and South Gate, California, and I have seen too many, far too many idle men and women desperate to work, I have seen too many, far too many working families desperate to protect the value of their wages from the ravages of inflation.