Bloomberg Calls for Action on Jobs, he doesnt get it either!!!!!

Discussion in 'Economics' started by S2007S, Dec 9, 2010.

  1. S2007S


    Another day and more talk about more action to create more jobs, this time bloomberg is talking about making more calls for action on jobs, you would think someone who is extremely wealthy would at least try and comprehend that you CANNOT force job creation in an upside down economy. No one has a clue on job creation in this country, everyone believes you can spend money to create jobs, that's NOT how the economic cycle works. As I have said a thousand times before you cannot force jobs on an economy. This whole notion of spending money to create jobs is just crazy, and to think you can spend hundreds of billions of dollars to put 20 million underemployed back on the payroll is pretty foolish. Jobs are supposed to come naturally, through the creation of services, goods and manufacturing. You don't print money and spend it to put someone to work when there is no need for that person to be in a position to do something the economy doesn't need or want. Supply and demand takes care of that. It seems that this economy is being forced to show growth, that the GDP has to grow in the low single digits and that there has to be 4% unemployment rates and that the economy can never show signs of weakening. Thats the weak mentality of the individuals in this country who think markets only work one way, they don't, and that's the reason why were in this crisis were in now, is because of the foolish thinking by the big heads at the top of the chain. Wait till the next crisis comes around, they will try and fix that one with no success what so ever, just like this one were in now that they struggle so hard to fix. Let the pieces of the puzzle fall where they may and not try to find the fix, doing so only leads to more great problems down the line.

    Bloomberg Calls for Action on Jobs
    Search Metropolis

    By Michael Howard Saul

    Getty Images
    Mayor Michael Bloomberg delivered a speech about job creation and the economy at Steiner Studios in the Brooklyn Navy Yard on Wednesday.

    New York City Mayor Michael Bloomberg repeatedly denies that he harbors any ambition of seeking the White House in 2012, but an economic speech Wednesday aggressively hyped by his aides appeared to aim for the national stage.

    Bloomberg, the 68-year-old billionaire businessman who has served as the chief executive of the nation’s largest city for nearly nine years, chastised Washington for failing to do enough to stimulate the economy and help more people return to work. The mayor gently chided both Democrats and Republicans, bolstering his carefully crafted image as an independent, moderate, no-nonsense leader who rejects ideology and champions practical solutions.

    “Put simply: When it comes to creating jobs, government hasn’t gotten the job done,” said Bloomberg, according to a copy of his remarks prepared for delivery that City Hall authorized for release as soon as the mayor began speaking.

    “The central defining issue of the day is jobs, and that is what government at all levels must be focused on,” he said. “Washington and Albany are not working, and as a result, too many Americans are out of work, out of savings and out of patience.”

    Government officials, Bloomberg insisted, need “to stop demagoguing and start delivering.”

    The text of the mayor’s speech offered many of the rhetorical flourishes of a campaign stump speech, but the mayor’s dry delivery appeared to leave many in the audience fidgety. More than half way through the speech, the mayor hadn’t receive any applause.

    While the mayor didn’t take any direct shots at President Barack Obama, he suggests the current administration and others in Washington have done little to foster innovation in the American economy. The mayor recently said he believes Obama would stand to benefit from better advisers, specifically aides with a business background.

    “Unfortunately, very little of the stimulus package passed in Washington promotes innovation. Very little of the health care bill passed in Washington promotes innovation,” he said. “And the Obama administration will have to be very careful to make sure that the financial services bill passed this year doesn’t hinder innovation.”

    The mayor praised the White House and the Republicans in Congress for brokering a deal to extend tax cuts and unemployment benefits. The agreement is “proof that bi-partisanship really is possible” in Washington, he said. “But this cannot be the end of bi-partisanship — it must be the beginning,” he said. “Cutting taxes is easy enough — cutting the deficit is another story.” The speech gave shout outs to a slew of former presidents, including Ronald Reagan and Bill Clinton.

    Bloomberg outlined what he called six steps to economic recovery and job creation: 1) Instill confidence; 2) Promote trade; 3) Reform regulations; 4) Cut business taxes; 5) Invest in job training; and 6) Fix immigration.

    In the speech, delivered at the Brooklyn Navy Yard, the mayor touts New York City’s resurgent economy as an example of what could should be done around the country. The city’s economy has grown twice as fast as the country’s and eight times as fast as the rest of New York, he said.

    Bloomberg said his administration will open 10 new “Workforce One Express Centers” across the city to focus exclusively on screening and matching jobseekers to jobs. The city’s goal is to increase job placement to 35,000 in 2011 and to 40,000 in 2012, he said.

    “Hard-working New Yorkers inspire me every day — and I believe in the American work ethic and the American Dream more than ever,” the mayor concluded. “We are strong as a nation and resolved as a people…and if we act and seize this moment, we can continue to be the greatest country ever brought forth in this world.”

    Deputy Mayor Howard Wolfson, who served as a top adviser to Hillary Clinton’s failed 2008 presidential campaign, said it would be wrong for the public to interpret the speech as a reflection of the mayor’s perceived interest in the Oval Office. The mayor flirted with the possibility of running for president in 2008 but ultimately chose not to launch a bid.

    “One can influence the national debate without harboring presidential ambitions,” Wolfson said.

    In a television interview this summer, the mayor ruled out the possibility of running for president. But Bloomberg’s supporters continue to fuel speculation. But a New York magazine cover story this fall quoted a Bloomberg confidant saying, “Oh, he’s more than thinking about it. He’s full-bore, all-out exploring it.”

    Around the same time Fox Business reported that Bloomberg, in private conversations with banking executives, did not rule out the possibility of a 2012 bid. Fox Business quoted a person close to the mayor saying, “Privately he’s telling people that if the opportunity arose and the situation was right, that yes he would consider it.”

    When The Wall Street Journal recently asked Bloomberg whether there might be any truth to these reports, the mayor lost his patience. “Oh, that’s ridiculous…Come on!” he replied, as annoyance flashed across his face. “I told you 1,000 times — I’m not running for office.”
  2. Keep your head up S2007S. You'll find a job eventually.
  3. Generally so, but not quite true.

    I imagine nearly ALL of the politicos understand what it would take to put Americans back to work, but the elite don't want to give up enough power and influence to make it happen.

    The ONLY policies which will re-employ Americans in the private sector.... are those which are business and tax friendly... DRAMATICALLY lower taxes all around, less restrictive regulation to "allow capitalism to be capitalism".

    We are soooooooooooooooooooooooo far from that, there is virtually ZERO HOPE.. without turning Socialism on its ear. What do you think the odds of THAT are?

    America now has the HIGHEST CORPORATE TAX RATE IN THE WESTERN WORLD.... What foreign company would choose to do business here? How many American companies would flee the USA and our oppressive tax/regulatory policies if they could swing it?

    :( :(

    (We Americans are being Nazi-fied right under our noses... and all we hoi polloi seem to care about is "Who's banging Snookie", and "Lookie how fat Bristol Palin is...")
  4. Hows about Mr Bloomberg elliminate NYC`s crippling tax burden as a first step?

    My cousin who is in the top 1% of earners recently moved from Park Slope to Paramus ( where her company is) reduced her tax burden substantially. She was paying NJ, NY and NYC income its just NJ. Something like a 20% instant pay raise.

    NYC is a joke.
  5. End all the "free" trade agreements before it's too late. Free trade doesn't exist. Anyone old enough to remember the original thesis knows it never included allowing Wall St. capital to flow to the region that made it the most money. Allowing American companies to move their factories to China or Mexico and pay slave wages, and then import the products duty free is beyond idiotic. Who in their right mind would build a factory here? I read an interesting statistic the other day, more Chinese are learning English right now in a school setting than there are people in America. Soon most of the "service" jobs like call centers will be overseas. Things are just going to spiral down imo.
  6. Hear hear
  7. Hows about Mr Bloomberg elliminate NYC`s crippling tax burden as a first step?

    A couple things.

    People will flee nyc faster if you cut services than if you raise taxes. This is going to be a balancing act.

    The deputy mayor has mentioned he had found a thousand ways to cut expenses but all of them are illegal, meaning cuts would violate some contract rule.
  8. Some New Yorkers refuse to leave New York, no matter how bad things get. They would rather be broke, unemployed, and living with their parents, than move to another state where they could have a great quality of life, a job, a great home at a quarter of the price that they would pay in NYC, Long Island, or Westchester county, and low property taxes.

    I see simple 3 bedroom split level 1953 homes in Westchester county selling for $800k with $18k per year in property taxes. How in the world would most young families starting out be able to afford that? In Georgia, you can get the same home for $150k with $1,500 per year in property taxes.

    I moved out of NJ 6 years ago and would never go back to the NJ/NY area to live. The winter weather stinks and home prices and property taxes are ridiculous, plus everything looks old and decaying.
  9. All the more reason to let NYC go bankrupt... so that such "contracts" can be renegotiated... same with California and all public employee unions.
    #10     Dec 10, 2010