Comments on: Tar Heels Deliver Hard Truth on the Michigan Economy

By: MasterPo

MasterPo — Tue, 14 Apr 2009 00:37:46 +0000

Let’s be realistic:

New York City is not an industrial center.
The arts rarely make anyone rich (defined any way you want)
And who is going to go to shows, museums and resturants when they can’t pay their rent?

THE main #1 life blood, THE reason for the very existance of NYC *IS* Wall Street. Period. If it wasn’t for the exchange Lehman, Goldman, et al would have looooong ago moved out of the city, taking the thousands of jobs (direct and indirect) and it would be an urban desert. Think “Escape From New York”.

That’s just fact.

But now Wall Street is enemy #1. I think investment banker has replaced lawyer as the top hated profession in the country.

Obama hates Wall Street. Patterson hates Wall Street.
(But they both sure love the taxes they pay!!!)

And neither is doing anything to encourage a rebound.

Rome is burning.

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Sat, 11 Apr 2009 16:50:43 +0000

MasterPo – Good point about the having all of those electric vehicles recharging on the grid at the same time. AS for the future of NYC, I guess it starts with Wall Street. I’ve heard that broadway shows having been closing right and left.

By: MasterPo

MasterPo — Thu, 09 Apr 2009 04:25:56 +0000

I like your comment about Detroit relying too much on a dying industry. Makes me wonder about NYC. With the death of Lehman and the other previously financial power houses dropping to mediocre at best that doesn’t boad well for the city. Even before that many companies were relocating out of the city, at least in part. And now that our esteemed Gov. Patterson wants to impose a millionaires tax on people making over $300,000 (I think the gov needs a less in math – 300k is NOT 1 million!!!) that’s going to push more people out too. Even the Don is talking about moving out!!

ps- Electric cars, no matter who makes them, are a no-go unless the gov *forces* people to buy them with hyper taxes on gas auto, impossible emissions standards, etc.

pps- Where will we get all that electricity to recharge tens of thousands of electric cars every today?! Places like New York City already have rolling black outs every summer! Imagine another 10,000 or more cars plugging in to charge!