During a radio interview on September 16th on station WOR, Mayor Bloomberg blamed Washington for the ongoing problem with Americans being out of work, but failed to point out that he is also a major reason why jobs and people are leaving New York in growing numbers.
Bloomberg also predicted that very soon there could be riots in the streets, and compared the unemployment situation to events taking place in Cairo and Madrid.
Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn’t get serious about generating jobs.
“We have a lot of kids graduating college, can’t find jobs,” Bloomberg said on his weekly WOR radio show.
“That’s what happened in Cairo. That’s what happened in Madrid. You don’t want those kinds of riots here.” – New York Daily News
Mayor Bloomberg, who’s ties are with the Republican party, supports President Obama’s new job plan, even though it hasn’t been presented in any form as of yet before Congress.
Bloomberg gave Obama kudos for coming up with a jobs plan.
“At least he’s got some ideas on the table, whether you like those or not,” he said. “Now everybody’s got to sit down and say we’re actually gonna do something and you have to do something on both the revenue and the expense side.” – New York Daily News
Unfortunately, Bloomberg, who is a self-made billionaire from Wall Street, does not have a very good track record in helping to grow business and expand jobs in New York City under his three terms as Mayor.
For those 15 years – New York saw 1.7 percent job growth. Good news – until you realize only seven states did worse.
McMahon said, “Firms moving out of state between 1993 and 2007 took over 600,000 jobs with them out of the state. On the other side of that equation, firms moving into the state only brought with them 450,000 jobs. That makes a net loss from our point of view of about 150,000 jobs the state lost.”
And that means New York lost more jobs as a percentage of its job base than any other state, according to the study. – capitalregions.ynn.com
While in the meantime, states with much lower corporate and personal tax rates, along with pro-business policies, have grown quite a bit, even during the Great Recession.
A report released last week by the U.S. Chamber of Commerce and the National Chamber Foundation identified North Dakota as the nation’s top overall economic growth performer for the decade.
The report, titled “Enterprising States: Creating Jobs, Economic Development and Prosperity in Challenging Times,” combines metrics for each economic development policy area to identify the top overall growth performer.
The study states that, “While North Dakota’s low unemployment and recession resistance is often attributed to healthy agriculture and energy sectors, its construction and manufacturing sectors are relatively healthy and the state has seen 42 percent job growth in professional and technical services and 36 percent in management of companies since 2002. North Dakota is the top job performer since the 2007 peak and is fifth since 2000.” – commerce.nd.gov
North Dakota proves that when markets are free to function without state and federal bureaucracy, and political red tape, growth and production not only improve, but thrive. For New York City, considered the financial center of the global economy, loss of jobs and businesses should not be a reality at all, unless the leadership and state economic agencies willfully neglect simple financial practices.
Mayor Bloomberg is one of the last people who should make comments about the state of the economy, of jobs, and of business growth, as statistics show his state is nearly dead last in these categories over the past 20 years. Instead, Washington, and many other states like California, New York, and Illinois, should look to North Dakota for guidance on how to bring jobs and industry back to their areas, and stop the continuous policy of money stimulus, which has proven over time to create no sustainable employment.