But, he's the only one "experienced enough" to raise our taxes, fees, and cut our services. Right, Ms. Quinn? Right, City Council "yes" voters? Right, NY Daily newspapers?
That's right Pogue. Quinn did say that he is the only one able to help us out of this crisis, and I hope these words come back to haunt her when she runs for mayor because it makes everyone else, especially herself, sound incompetent.
Bloomberg is an ass in the highest form of the word. He wants his friends to help bankroll his campaigns, and now I wouldn't be surprised if he decides to run for Senator if Hillary goes work for Obama.
The little mayor who needs to have everything his way and has to be the center of the attention join a body of 100?
Not likely.
Bloomberg sucks.
Don't know much about Bloomberg (not living in NYC myself) but you hit the nail on the head in your recap of the financial bailout. As an attorney in a non-profit organization (and former teacher) it makes me angry to think that my hard-earned tax dollars are going to bailout companies that bet on high-risk mortgages. Did they share their profits on the way into this mess?
I also agree with your description of home prices. The housing prices in the DC area skyrocketed from about 2000 to 2005. While they've fallen somewhat since 2005, they're still too high, on average, compared to the average salary, which makes it difficult for families (other than the very wealthy) to buy homes.
Keep up the interesting blogs...look forward to reading them.
Failed Wall St. Executives should get their bonuses in BloomKlein land but they feel teachers who don't get high test scores should be fired.
Bloomberg aside, the resentment is felt all over the country. It doesn't take a genius to see the hypocrisy in the disbursement of bailout funds. We all know some people who "don't deserve it" will get help, but we'd rather see Joe down the street get lower mortgage payments for his big house than watch bankers who will never go hungry get bonuses for causing the problem in the first place. How is it going to benefit America to have families living in tents and houses sit empty?
Miss Cellania,
If you read the post, you would know that the point about the bailout is that mortgage rates have risen since TARP was first announced because investors no longer want to buy US bonds (and why would they, knowing the kind of debt the country is carrying?) and the money is NO LONGER being used to bail out upside mortgage holders and homeowners in trouble at any rate. That's what Paulson said last week the Treasury Dept is only using the TARP money to help AIG, Goldman, et al. Now that may change once the administration changes - and there have been rumblings that the FDIC is looking at the TARP money differently and will still use it to aid homeowners. But it sure sounds like Paulson and the WH are fighting that.
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