¶ Building Business (3)
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Index Entry
Building Business:
"When the United States New Deal came in and they found that the banks really did not have any money but they had a lot of mortgages… and we the people had to rehabilitate our economy, we then tried first to rehabilitate those mortgages. So we started–even with negative interest loans–to get people to put on a new roof, or to put a bathroom in the house, which they didn’t have before, Any way, to improve the value of those equities which the government was then underwriting.
“And the United States undertook to underwrite the inequities of the building arts when the priority was for weapons-- that’s the whole building industry. Now the building industry in contradistinction to weaponry industry–there has to be a priority and every priority has its antipriority. Priority has always been for the weaponry industry on the assumption that there is not enough to go around for all and that would lead to war. The antipriority was always on the home front. And in contradistinction to the kind of structures we build to go into the skies–like a Boeing 747, fantastic kinds of structures, what goes into the building of homes has really been what was left over, what was not wanted for other kinds”
