Tuesday, May 05, 2015

The so called "booming" cities are bankrupt

It never ceases to amaze me at how blinkered and parochial our Ivy bred press is. This wonkblog (now there's a misnomer) article talks about how NYC, Boston, Chicago, San Francisco and DC are "booming" and as a result struggling with the effects of more and taller buildings. But only one of these 5 cities is booming in the traditional sense of the word: a burgeoning local private economy. DC has the flushed faux glow of health that only the Capitol of a waxing kleptocracy can have. One that is very likely to turn into a cadaverous stare come the election. The other three cities have experienced some growth but nothing to compare with any similar sized red state city. Indeed the whole meme of a back to city movement is a giant fraud as Wendell Cox of Newgeography.com demonstrates over and over. The fact of the matter is that all of these cities are bankrupt and headed for Baltimorean chaos as the public employee unions long parasitic march through them continues.

But "tall buildings"! "One percent restaurants"! God help them everyone.

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