Buy further tying the United States Federal Government to the US economy, we have further decreased the economic sustainability of our government. The Corporatist policies of the past set the stage for economic collapse during the Clinton and Bush years, but now we are seeing an increased centralization of power, finances, and capital as the government invests more and more of its own resources in private American industries. Instead of establishing an efficient and efficacious federal government with balanced budgets and sound economic policies, we are instead unloading onto it all the burdens of our Corporatist past. The result, will be a weaker government and a weaker economy, in the long run.The nation's teetering economy has Uncle Sam playing a growing role in neighborhoods across the country — as a homeowner.
The combination of a deep recession and a foundering housing market has left the government with more than 50,000 houses on its hands — enough homes to fill a city the size of Riverside, Calif., or Miami. Now federal records show it's struggling to unload the houses and facing billions of dollars in losses.
"Everybody's in this market together," says Bill Apgar, a senior adviser to Housing Secretary Shaun Donovan. "Obviously, this is not the best time to be a home seller."
In many ways, the government's situation parallels what thousands of other homeowners are confronting: The houses it owns are harder to sell, they typically sit empty longer, and in many cases, their values cratered as the real estate market collapsed.