The Wall Street Journal Is Talking About Demolishing Homes,

...to diminish the oversupply...yet our politicians are still backing Atlantic Yard's megadevelopment? what does that tell you about:
a. Ratner's political influence
b. the greed and stupidity of our politicians?

People are now estimating that the financial industry and housing markets could be depressed for ten years, which would mean New York City and New York State's tax revenue will be as well (since so much of it comes from those industries), yet Bloomberg and the state still want to sink billions in Atlantic Yards? They still want to give Ratner land to pave over into a huge parking lot that he 'might' start building on in ten or twenty years? The greed and backroom dealing is naked now - yet nothing from the press, not a pip from politicians- the seem to think they can get away with it. No wonder they are so adamant about gun control.