recessionomics

Why You Can Blame Credit-Default Swaps For Not Having Marriage Rights

In case you needed another place to point your finger, try Wall Street!: “[A]ccording to a study in the winter issue of the American Sociological Review, resistance to gay marriage deepens significantly during hard times. In conservative parts of the 30 states that have blocked same-sex unions (where ballot measures tend to be won or lost), researchers found that each 10 percent drop in homeownership led to a 5 percent increase in support for a ban. Other signs of a community in trouble—including spikes in the crime rate and the percentage of people moving—also tracked with heightened opposition. When people think their neighborhood is breaking down, says Notre Dame professor Rory McVeigh, a coauthor of the study, ‘they think gay marriage is only going to make things worse.'”

You could say that’s bad news for California, where the housing crisis remains in full effect. But voters already decided the issue, in 2008, by passing Prop 8. California’s gay marriage fate now lies in the hands of Judge Vaughn Walker.

[Newsweek]