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NYC survived just fine in the last recession which was one of the worst recessions since the great depression at the heart of the financial crisis.
I also remember NY 70's coming back because of Deblasio, and when did the Post become such an expert?
Of course, it survives. Every city survives. Even Detroit, Buffalo, Newark, or any other downtrodden city survives and are still around. If the goal is surviving, then just about every city will survive. Even Fallujah Iraq survived. It is still there today.
But the point is not so much about merely surviving because everyone survives, but prospering, improving and not declining (in terms of population, wealth, prestige, economic activity, growth, etc.).
NYC survived just fine in the last recession which was one of the worst recessions since the great depression at the heart of the financial crisis.
I also remember NY 70's coming back because of Deblasio, and when did the Post become such an expert?
Last recession we had Bloomberg, who knew what he was doing.
Last year's budget under Bloomberg was $60 billion.
Current BdB budget is over $90 billion. De Blasio is spending 1/3 more than Bloomberg did already.
Meanwhile property taxes are up 44% since Bloomberg.
$60 billion -> $90 billion is actually a 50% increase. Think about it, since 2014 he has multiplied spending by 1.5x. For all that spending, my Quality of Life doesn't feel 50% better than it was in 2014.
I dealt with the Chicago Machine for 18 years (granted some of those I wasn't old enough to have any memories of) and look what's happening there now. It's scary, really really scary. My old school in a high tax suburb is having its programs cut because of IL's terrible pension funding (???).
I have no issues with Democrats or Republicans, but machine Democrats should NOT hold office ANYWHERE. The buddy buddy system ruins it for everyone else. I saw the writing on the wall when DeBlasio first got elected. Tsk tsk is really all I can say at this point.
And not only is de Blasio spending more, but more of that spending is of the wasteful type that does not necessarily improve the city.
Bingo.
Bozo just burned $800M on a failed schools program and Chirlane burned $850M on a fraudulent mental health program that helped nobody with another $1 BILLION planned to double down
Quote:
Originally Posted by Javawood
I saw the writing on the wall when DeBlasio first got elected. Tsk tsk is really all I can say at this point.
I am shocked, SHOCKED that nobody except the Post is paying any attention to what's going on at City Hall. You would think that a reputable publication like the NY Times would be raising alarm bells by now at the ludicrous spending and waste. Are they just so consumed with their crusade to unseat Trump?
Bozo just burned $800M on a failed schools program and Chirlane burned $850M on a fraudulent mental health program that helped nobody with another $1 BILLION planned to double down
I am shocked, SHOCKED that nobody except the Post is paying any attention to what's going on at City Hall. You would think that a reputable publication like the NY Times would be raising alarm bells by now at the ludicrous spending and waste. Are they just so consumed with their crusade to unseat Trump?
Good Points. I wanted to post the same thing actually. NYT wont raise alarm bells until SHTF. But yes NYT is more concerned with racism, homosexuality, unseating Trump, immigration and so forth. NYT makes millions or if not billions off of 250k people who live in the Upper West Side (core fan base).
Last edited by Bronxguyanese; 03-12-2019 at 12:54 PM..
NYC survived just fine in the last recession which was one of the worst recessions since the great depression at the heart of the financial crisis.
I also remember NY 70's coming back because of Deblasio, and when did the Post become such an expert?
Did it? I recall many unemployed and having a hard time. What helped were the massive bank bailouts that clearly benefitted NYC given its role as a major center.
NYC folks have to stop their arrogance because what almost happened in the 70s can well happen again. The folks around then dont describe it as "surviving" given the near collapse of city services.
Most elite cities came out just fine in the last recession such as LA sf and DC. .
Because NYC, a financial center, remained closely connected to global capital. But as easy as it comes so can it go.
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