Dave, seems to me, when you get down to it, no matter what polls may say, all politics is local. If people don’t like the job their immediate representatives are doing, no matter what party, then they will be out. If they feel that person is representing their best interests, they will stay in office. Sometimes that works to the best for the party, sometimes not. People like John McCain and Charlie Rangel, who’ve been in office since they were playing with George Washington in the schoolyard, are hard to unseat. It’s arguable that both need to go, but Rangel, if he is defeated in the primary, and that’s doubtful, will still be replaced by a Democrat, while McCain barely scraped by in his own primary, and to my knowledge, his Democrat opponent will be working overtime to win his seat, and probably won’t, as Az is a very conservative state.
Tanks, Dave. That was the most well-known of the things he was right about – he was a very keen politico and was practically co-president during Lincoln’s presidency. Has anyone read Team of Rivals by Doris Kearns Goodwin?
Been checking weather.com a bunch. Getting there will definitely be the issue as I am supposed to go there on Friday. But I read an article about a possible evacuation of Fire Island so this is why I am asking. Anyway, hopefully it works out. I was looking forward to a few days of chilling out somewhere quiet and pretty.
“By most standard measures of economic health, New York City’s recovery from the financial crisis and the recession it started is well under way.”
What standards? Mark-to-market accounting is still suspended! Our banks centered here are sitting on foreclosed properties, defaulted loans or failed modifications nationwide for 18 months or more! Where the national economy goes, we go. Decoupling is pure fantasy but fun while it lasts.
“Wall Street — still the engine that powers the city — roared back faster than expected, eliminated far fewer jobs than had been forecast, resumed paying out big bonuses and has begun to hire again.”
Big effen suprise. Trillions in taxpayer bailouts/deficit-spending will do wonders with bonuses but not much to the massive amount of hidden, residential and commercial loan losses. What’s going to happen to this debt? Forgiven? That’s called bankruptcy.
“Despite a faltering stock market and recent signals that the national economy is losing steam, economists expect New York to remain on the rebound.”
How? The losses are still there whether the general public can see them or not.
“If there’s no major shock, I think we’re going to have a slow, relatively steady recovery.”
“slow” and “relatively steady” – LMAO! But if there is a shock (and there WILL be)…?
“In July, the number of jobs in the city was down 108,000, or less than 3 percent, from July 2008. Over the same 24 months, the nation lost 6.7 million jobs, or more than 4.5 percent. The city’s unemployment rate slipped last month to 9.4 percent, slightly below the national rate.”
NY’s 3% job loss versus the nation’s 4.5%. What’s to celebrate? Our employment margin over the nation’s is negligible.
My other choice quotes from the article…
“the farther away from Midtown one wandered, the more ravaged the city appeared”
“Away from the office towers and rooftop cocktail lounges, long-term unemployment is a persistent problem”
“The total value of building projects begun in the second quarter was less than half the level of two years earlier.”
“worrisome weakening in the ability of less-skilled New York workers to maintain their wage-earning power…That doesn’t bode well for the recovery in consumer spending in New York’s neighborhoods”
“Personal incomes dropped more in New York than in the rest of the country last year, largely because of the smaller bonuses that were paid out in early 2009 for the dismal performance in 2008.”
“But 2009 was very profitable for some of the banks that survived, like Goldman Sachs, and the corresponding bonuses have helped buoy the city this year”
Hmmm…wonder how that happened?
“Even though the recession was milder in terms of the number of jobs lost, the income loss was much greater”
“many businesses, particularly those that cater to the city’s workers rather than executives or tourists, are struggling to stay afloat”
“local neighborhood restaurants are taking the brunt of the pain”
Yeah, they close shop in Brooklyn every day!
“room rates remain well below the levels they reached before the recession”
Oh, so the rises mentioned earlier were small and only consistent with the dead cat bounce from the reGOVery. Nice spin!
“wealthiest clients had not kicked a habit from the recession of haggling over their bills…People who would fly a private plane to a destination suddenly feel the need to negotiate the price of a suite”
Suddenly FEEL the NEED. ROTFLMMFAO!
“On the streets of some neighborhoods, working-class residents like Selina Sharmin are still dreading the recession’s aftermath”
“six months after she was promoted to a full-fledged librarian’s position, she received notice that she and 45 other employees of the borough’s public library system would be laid off on Thursday because of budget cuts”
“Proposals to lay off more employees of city and state agencies like the Metropolitan Transportation Authority could continue to temper a local recovery”
“Through most of last year, Ms. Ben Othman could not find any work after she was laid off by a publishing company. For the last six months, she has worked steadily as a proofreader, but the jobs have been temporary, leaving her to fear that the next paycheck could be the last. She receives no benefits, so she has gone without health insurance for almost a year.”
Sorry. That don’t sound like a NYC recovery to me!
Got equity, SewardWasRight? Sell your brownstone! Then you can live up to your name.
dibs, in bucks county yesterday, lots of for sale signs on river road. Old money getting tired?
Dave, seems to me, when you get down to it, no matter what polls may say, all politics is local. If people don’t like the job their immediate representatives are doing, no matter what party, then they will be out. If they feel that person is representing their best interests, they will stay in office. Sometimes that works to the best for the party, sometimes not. People like John McCain and Charlie Rangel, who’ve been in office since they were playing with George Washington in the schoolyard, are hard to unseat. It’s arguable that both need to go, but Rangel, if he is defeated in the primary, and that’s doubtful, will still be replaced by a Democrat, while McCain barely scraped by in his own primary, and to my knowledge, his Democrat opponent will be working overtime to win his seat, and probably won’t, as Az is a very conservative state.
No, Sec’y o’War Stanton said that. I regret the error.
WOW, BHO…..you spent the time to cut and paste all those quotes!!!
BUT YOU ARE STILL WRONG!!!!!!!!! FACE IT
BWAHAHAHAHAHAHAHAHAH
Tanks, Dave. That was the most well-known of the things he was right about – he was a very keen politico and was practically co-president during Lincoln’s presidency. Has anyone read Team of Rivals by Doris Kearns Goodwin?
“Now he belongs to the ages.” He was right about that too.
Been checking weather.com a bunch. Getting there will definitely be the issue as I am supposed to go there on Friday. But I read an article about a possible evacuation of Fire Island so this is why I am asking. Anyway, hopefully it works out. I was looking forward to a few days of chilling out somewhere quiet and pretty.
“By most standard measures of economic health, New York City’s recovery from the financial crisis and the recession it started is well under way.”
What standards? Mark-to-market accounting is still suspended! Our banks centered here are sitting on foreclosed properties, defaulted loans or failed modifications nationwide for 18 months or more! Where the national economy goes, we go. Decoupling is pure fantasy but fun while it lasts.
“Wall Street — still the engine that powers the city — roared back faster than expected, eliminated far fewer jobs than had been forecast, resumed paying out big bonuses and has begun to hire again.”
Big effen suprise. Trillions in taxpayer bailouts/deficit-spending will do wonders with bonuses but not much to the massive amount of hidden, residential and commercial loan losses. What’s going to happen to this debt? Forgiven? That’s called bankruptcy.
“Despite a faltering stock market and recent signals that the national economy is losing steam, economists expect New York to remain on the rebound.”
How? The losses are still there whether the general public can see them or not.
“If there’s no major shock, I think we’re going to have a slow, relatively steady recovery.”
“slow” and “relatively steady” – LMAO! But if there is a shock (and there WILL be)…?
“In July, the number of jobs in the city was down 108,000, or less than 3 percent, from July 2008. Over the same 24 months, the nation lost 6.7 million jobs, or more than 4.5 percent. The city’s unemployment rate slipped last month to 9.4 percent, slightly below the national rate.”
NY’s 3% job loss versus the nation’s 4.5%. What’s to celebrate? Our employment margin over the nation’s is negligible.
My other choice quotes from the article…
“the farther away from Midtown one wandered, the more ravaged the city appeared”
“Away from the office towers and rooftop cocktail lounges, long-term unemployment is a persistent problem”
“The total value of building projects begun in the second quarter was less than half the level of two years earlier.”
“worrisome weakening in the ability of less-skilled New York workers to maintain their wage-earning power…That doesn’t bode well for the recovery in consumer spending in New York’s neighborhoods”
“Personal incomes dropped more in New York than in the rest of the country last year, largely because of the smaller bonuses that were paid out in early 2009 for the dismal performance in 2008.”
“But 2009 was very profitable for some of the banks that survived, like Goldman Sachs, and the corresponding bonuses have helped buoy the city this year”
Hmmm…wonder how that happened?
“Even though the recession was milder in terms of the number of jobs lost, the income loss was much greater”
“many businesses, particularly those that cater to the city’s workers rather than executives or tourists, are struggling to stay afloat”
“local neighborhood restaurants are taking the brunt of the pain”
Yeah, they close shop in Brooklyn every day!
“room rates remain well below the levels they reached before the recession”
Oh, so the rises mentioned earlier were small and only consistent with the dead cat bounce from the reGOVery. Nice spin!
“wealthiest clients had not kicked a habit from the recession of haggling over their bills…People who would fly a private plane to a destination suddenly feel the need to negotiate the price of a suite”
Suddenly FEEL the NEED. ROTFLMMFAO!
“On the streets of some neighborhoods, working-class residents like Selina Sharmin are still dreading the recession’s aftermath”
“six months after she was promoted to a full-fledged librarian’s position, she received notice that she and 45 other employees of the borough’s public library system would be laid off on Thursday because of budget cuts”
“Proposals to lay off more employees of city and state agencies like the Metropolitan Transportation Authority could continue to temper a local recovery”
“Through most of last year, Ms. Ben Othman could not find any work after she was laid off by a publishing company. For the last six months, she has worked steadily as a proofreader, but the jobs have been temporary, leaving her to fear that the next paycheck could be the last. She receives no benefits, so she has gone without health insurance for almost a year.”
Sorry. That don’t sound like a NYC recovery to me!
Got equity, SewardWasRight? Sell your brownstone! Then you can live up to your name.
***Bid half off peak comps***
Yes, was wondering if it was something about Alaska or something about the Civil War.