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New York City’s booming economy is bad news for the far left

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
126,752
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Records are broken. If Barry only had 7 more quarters, right? lol...

https://nypost.com/2018/08/14/new-york-citys-booming-economy-is-bad-news-for-the-far-left/

There are more than 4 millions jobs in the five boroughs, and the unemployment rate stands at a measly 4.2 percent — both are records, according to the quarterly report from Comptroller Scott Stringer. He found that, from April through June, 13,800 net new jobs were added, with 6,000 of them in high-wage sectors like securities that have average annual salaries of $220,000. Another encouraging sign — government jobs fell by 1,000.

Lest the carpers carp about the rich getting richer, the report notes that every borough achieved a new low unemployment rate. They range from 3.4 percent in Queens to 5.3 percent in The Bronx.

Republican tax cuts in Washington for both businesses and families, along with reductions in regulations, are the clear causes. The nation’s GDP grew by a whopping 4.1 percent, though the city trailed that, growing by a still-respectable 2.7 percent.

The growth explosion contradicts the major messages of Democrats and their socialist fellow travelers, which increasingly covers most of the political class in the city and state. From the top to the bottom of the ballot, many candidates are running against President Trump, saying their fellow New Yorker is bad for New York.
 
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