The subprime real estate bust wrecked the world economy apparently. Some say a commercial real estate bubble is about to implode. That alone might sink the recovery.
But what havoc might the combustion of religious real estate wrought? The primarily white Catholic Church around the corner is closing under the weight of a million dollar roof repair and assessments owed the diocese. 50 other urban parishes are in some form of closure...if not foreclosure.
A tiny protestant church not far away avoided the banks by passing the hat to raise the thousands needed to repair its leaky roof. Meanwhile a powerful Black Baptist church on the far side of the city cut back on services...religious and social...in an effor to ride out the recession.
Is it possible that the Bush economy is also wrecking spiritual economies left and right...leaving empty marble hulks behind as the only legacy of that very born-again administration?
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