NYC to create 400,000 new jobs? (Bloomberg's State of City address)
"Today, I’ll outline a nine-point plan that will allow us to retain and create as many jobs as possible now and 400,000 jobs over the next six years, in all five boroughs."--Michael Bloomberg's State of the City address.
400,000 jobs in six years? How's that gonna happen? And, since the next mayor will be elected for four years (not six years), does that mean Bloomberg's going to run for a fourth term?
Government shouldn't be creating any jobs. Private industry should be creating jobs. Government should be getting out of the way by offering a low-tax environment. Isn't New York City government shedding jobs, just like every other employer in this economy?
What people want to know is: Is the sales tax going up again? Will there be a "mobility tax"? Will there be tolls on all East River crossings? Will that real property rebate check ever arrive? What additional costs will be placed on public housing? And--for a speech given at Brooklyn College--will CUNY's tuition be increased?
The speech pledges to get rid of the Unincorporated Business Tax that "unfairly double-taxes thousands of businesses." Everyone has known about this unfair tax for many years. I pledged to try to get rid of it four years ago. Bloomberg has been mayor for 2002, 2003, 2004, 2005, 2006, 2007, 2008, and 2009. So now, in a recession/depression, the tax is going to go away? Only now is it a bad thing? It wasn't bad all those years?
"First, we’ll continue investing in new infrastructure." Like new stadiums for the Yankees and Mets? No, those weren't mentioned. "Infrastructure" stated in the speech means the McCarren Pool, the High Line park, and renovating the Queens Museum of Art. Light stuff. Bloomberg mentioned "digging the Number 7 train extension to Hudson Yards." Good luck coming up with a billion bucks for that one. No mention of the Second Avenue Subway, all possible two stops of it.
Listed in the second element of the jobs plan was the development of Willets Point. Actually, people are already working at Willets Point. Productive private industry--and the government hasn't even given them sewers! They're being kicked out for the NY Mets and expensive housing no one will afford to buy.
"The third element of our jobs plan is strengthening small businesses." This must be a joke. Who pays for those million parking tickets, the new tolls on East River crossings, etc.? Small businesses chalk them up as added expenses to doing business in New York. Will small business expenses be going down in any appreciable way--or will they be going up even higher?
"Growing our green industries is actually the sixth focus of our jobs plan." Obama said "green jobs" so often I thought he was hiring Mark Green. Again, the private sector and the price of oil both dictate the amount of "green jobs"--not government.
"And that’s the seventh part of our jobs plan: helping more New Yorkers acquire the skills prized by industries that are actually hiring now." Again, you don't want government doing any private sector job training. Government is, and should be, reducing its workforce. Is CUNY going to be more affordable or not?
"The eighth piece of our jobs plan centers on encouraging work." Again, no, no, no! Just lower taxes! Imrpove the subways so people can get to and from work! You're not Monster.com!
"Of course when Wall Street rebounds, some of these workers may choose to go back - or they may have found a successful new career as an entrepreneur. But either way, we’ll keep them here in New York. That’s the goal."
Laid-off Wall Street workers are not going to stick around high-priced New York City. If that's the goal, it's just not possible. Yes, a few laid-off Wall Streeters will go to the "entrepreneur boot camps" and learn how to make cupcakes, but cupcake businesses just ain't cutting it in Manhattan.
"We’ll also redeploy more than $30 million in Federal incentives to attract new financial services firms."
New financial services firms? Isn't that a little too late? Anyone remember Lehman Brothers? How many Lehman Brothers are you gonna get for a measly $30 million?
"In fact, the best thing that we can do for Wall Street - and for every corner store in the City - is the second leg of our economic recovery strategy: Continue to improve the quality of life in our neighborhoods. And make no mistake - we will."
"So let me make you this promise now: We won’t cede an inch to the squeegee men, turnstile jumpers, and graffiti vandals who breed a sense of disorder and lawlessness. Not on our watch. Beginning this month, we’ll step up our enforcement efforts against quality-of-life criminals, and we’ll start by identifying the 12 worst repeat quality-of life-offenders in each borough - ‘the Dirty Dozen.’
The squeegee men! Damn them! All those jobs were lost in 2008 because of squeegee men! Get rid of graffiti vandals and everyone will want to live in New York City!
"Quality of life" starts with good jobs, a good transportation system, good schools and low taxes. Squeegee men are way down on the list.
Bloomberg just doesn't get it. People aren't primarily concerned about squeegee men and the "Dirty Dozen." They wonder, how the hell will New York City and New York State balance their budgets in the next four years? Will taxes go up, down, or stay the same?
How could a mayor give a State of the City address in these times without saying how hei'll balance the budget?
"There’s no question that the temporary State of our City is shaken. But I’m here today to tell you it’s not broken!"
I disagree with that assessment. Government has been broken for a long, long time. The city's main employment engine--Wall Street--has been more than shaken. Bernie Madoff and Lehman Brothers did more than shake. They shook and they broke.
New York is broke and broken.
As William Thompson said, this wasn't a State of the City speech. It was a campaign speech.
With a $10,000 Ric Burns video. Good times!
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