"- Margaret Thatcher once said that "The trouble with Socialism is that eventually you run out of other people's money."
My view from 1300 miles away is the same. Except Giuliani was once the right guy at the right time ... in the past. Now he is a past his time vampire bat babbling deliriously in defense of Chumpie. NYC does not need another Dem though. Tough choices need to be made and NYC Dems in modern times have never been known to have the fortitude for it. What Rep though?
I honestly don't think it's about the party, but rather we need someone who has serious managerial experience and understands that money does not grow on trees. Personally, I'd love for Ray McGuire to run - he's very Bloomberg-like and might be exactly what this city needs. Unfortunately, I doubt he will be supported by either Democrats (too rich) nor by the Republicans (too black).
Yup cities, counties, states. Just not the fed gubmint because the Feds have the most powerful military on earth (faghgetaboutit Russia or China pfft). We just lost a F35B Joint Strike Fighter which "retails" at $100+ million. Feds never get wholesale thanks to revolving door DC to Defense Contractor Consultancy, that ummm Swamp Drainer Drumpf was supposed to put an end to. I crack myself sometimes. No biggy. Print more phony baloney dollars. Who's gonna stop us?
Maybe these pension funds should consider GIC's or Term Deposits instead of those actively managed hedge funds?