In her latest column, Princess Peggy treats us to more unfounded Declarations about the health of the economy based on precious little more than her, well, precious personal observations.PP fired up her horseless carriage and headed off to the wilds of Northern Virginia, a land where remorseless Confederates are now ruled by their newly-powerful Communist overlords (just ask Joe McCain).
Here's what PP spied:
The other night, the big houses were strung with glittering white Christmas lights—not all different colors, as we do in other suburbs, but stately white—and from the Georgetown Pike, heading toward Great Falls, we saw a house with a big glass-walled living room that faced the street, and below it a glass-walled entrance room, and each had its own brightly decorated tree. "Two Christmas trees," murmured a companion, and it captured the air of prosperity and solid well-being of the area.It reminded me: Government is our most reliable current and future growth industry, and the near suburbs of the capital are where those who run it, work it, lobby it, feed off it and finagle it live. "You have to go farther out to see the foreclosure signs," said a friend.
Oh my, a land of stately white lights and such a cornucopia of wealth that its residents can luxuriate in the sap of not one but TWO Christmas trees. See, no economic troubles here, everything looks just as before. Well, except:
Faced with an accelerating foreclosure crisis, Fairfax supervisors in June approved a three-pronged, $6.5 million program to combat the problem. The county would buy, refurbish and sell 10 of the most derelict properties, offer counseling to owners at risk of losing their homes, and provide loans to aid homebuyers in purchasing a foreclosed dwelling.
The county saw 1,264 homes enter the foreclosure process in October, according to foreclosure-tracking company RealtyTrac, second only to Prince William County’s 1,373 homes. Prince William, the Virginia locality worst-hit by the foreclosure crisis, received $4.1 million from HUD to reverse the problem.The rash of foreclosures in Fairfax County has struck government coffers, as well, contributing to a projected $500 million shortfall next fiscal year.
PP's other thoughts, based on nothing so much as reading The Corner at the National Review whilst in a barbituate-induced haze:
- Even if he ignored a trifling piece of paper entitled "Bin Laden determined to strike in United States" and then precipitated an economic collapse far worse than when the actual terrorists tried to destroy our financial and military nerve centers, George W. Bush "still kept us safe" from gay marriage, renewable energy, and our constitutional rights.
- Fingers-crossed that that half-black Mohammedan can do as good a job as George W. Bush.
- Foreigners didn't care so much about that Hussein dude getting elected, what REALLY impressed them was that the old white dude made it through his going away speech without croaking or getting smote down by either the albino sorceress or the wolf huntress at his side.
- Something about Nazis.
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