London Doing Even Worse Than New York
“Clearly, the financial crisis has pummeled both [New York and London]. Major banks have collapsed, and others are expected to require more infusions of taxpayer cash if they are to survive. London and New York share an unemployment rate—7.4%—that is only expected to climb as financial services jobs disappear by the tens of thousands and…
“Clearly, the financial crisis has pummeled both [New York and London]. Major banks have collapsed, and others are expected to require more infusions of taxpayer cash if they are to survive. London and New York share an unemployment rate—7.4%—that is only expected to climb as financial services jobs disappear by the tens of thousands and the loss reverberates in the broader economy…By many measures—the state of its financial markets, home prices, jobs and economic diversity—the British capital has fallen further…Another key component, the housing markets, exploded in both cities in recent years. Though London’s bubble has burst, New York’s has just deflated.” — Crain’s
montrose morris,
It is certainly not the president’s only agenda but a coincidental and convenient side effect of the stimulus package. It goes with his line of thinking. Basically “trickle up” economics. It goes to his entire background amongst neo-marxists types in Chicago. It is his core belief and not a small afterthought.
By the way President Obama was, at one point, a legal counsel for the ACORN organization. Google ACORN for yourself to see their shady history.
Legion, your “insight” into Pres. Obama’s thought processes is nothing short of amazing. To think he would go through all of this sturm und drang, and put the fate of this nation’s economy in further jeopardy, solely to make Pelosi, Reid, and the rest of us left wing socialist pinkos happy.
Give me a break.
President Obama has been on a tear talking down the economy recently. His thinking is clear; if he tells us the economy is doing fine, he automatically disqualifies himself as “The Great Saviour of the Economy”. Not only that, but he also makes himself look like he was overstating the whole economic angle during the election run.
Now, if he keeps telling us all that everything has gone to shit. When the economy finally starts coming back, as it usually does, he looks like the calm and collected captain of the ship during the storm.
Furthermore, by pushing the “world gone to shit” routine, which is echoed by the obsequious toadies at the major media, he gets to push through 20 years of backed up liberal/socialist pet projects at the insistence of Pelosi and Reid.
Bottom line, they obviously have to do something to help the economy along. but it has to start with the objective of getting the trillion dollars to where it will continue producing jobs. Giving it to scam artists like ACORN for use in undermining the democratic process only digs a deeper hole. Use the money to start the immediate construction of some nuclear reactors for one. It still remains the most viable, long term solution to energy needs. what’s more it’s clean and safe.
Meanwhile, as was stated before, we still have 93% employment. and that’s only 3% off of the theoretical high point of 96%. If you scored a 93 out of 100 on a test, I think you’d take it and be glad.
Team Princess: 2
I have to add that last night, not too, too late leaving my 90 year old aunt’s after making sure she was settled in for the night, it must have been midnight…anyway, ALL of the cabs coming through the main streets of Greenwich Village appeared to be for-hire! When I looked out the front window at one point before leaving, I saw six cabs and all with their light on showing they were available.
When I went outside, the cabbies were fighting over me. It’s been getting more extreme little by little. I can feel it…the minute I step out with a bag over my shoulder in my “demographic” (as they say) at that time of night, the cabbies are absolutely swooping in. I hear them gunning their engines and running lights to get around a corner to beat another cabbie to me.
Last night, I needed air and it was still mild so I walked down West 4th Street, a little depressed because that restaurant Sol has the “Seized by Marshal” sign up now for quite some time. Depressed/anxious with all the nervousness and bad news out there.
Anyway, I walked all the way to Sheridan Square and a couple of cabbies nearly had an accident fighting to pulled up to me first when I finally made the slightest motion with my hand, almost just a thought of lifting my hand, the slightest movement as I maybe moved only slightly away from dead center on the sidewalk a bit toward the curbside as I walked. I was being bad, testing it…and it was kind of fascinating.
I remember the days you couldn’t find a cab for love or money…stand on the curb desperate. There are so many more cabs it seems AND, many fewer people taking them.
Yes, I feel the media is nothing but doom and gloom and I have been feeling very anxious for many reasons. The short walk last night to get air didn’t make that much difference to the general mood.
I wish the media would stop hounding so much. It makes one afraid robberies and other crimes will suddenly blossom into what it was in the 70’s. Let me say, for the record, in much of NYC, this is NOT, absolutely NOT(!) the NYC of the 70’s. There is still crime in many areas but still, nothing rivals the levels of the 70’s. The City was kind of exciting then, but trust me, you (I) wouldn’t want it to suddenly return to what it was!
Well, judging from your completely off topic comment, it looks like yes…it must be.
is this the Open Thread?
Give a g(i)rl a tiara and she thinks she’s a princess…
I am not- for the record- ever-complaining. I am ever-whining. (Grumble grumble- princess is right!)
“It is always snarkest before the yawn.”