Under Mayor Bloomberg's watch, manufacturing jobs in the city disappeared twice as fast

[NNN0LHI]

http://www.villagevoice.com/2011-01-12/columns/andrew-cuomo-s-dance-begins/


<snip>This is the way the economy is supposed to work, but rarely does. This month, City Limits magazine reported that under Mayor Bloomberg's watch, manufacturing jobs in the city disappeared twice as fast as in the rest of the country. Almost 64,000 blue-collar positions vanished, a decline of 46 percent. It is the worst eight-year slide in city history, says Sarah Crean, who has kept an eye on these statistics for the New York Industrial Retention Network. Land rezoning is one reason, says Crean. Indifference is another.

Bloomberg skipped this hemorrhage of entry-level jobs in his own economic slideshow last month in Brooklyn, where he insisted that the president should follow his example if he wants to fix the nation's economy. Of course, if not for all the federal stimulus funds pumped into Wall Street banks and investment firms over the past two years, the city would be just as flat on its back as the rest of the country. This fact was also omitted from a presentation intended to stoke more of the mayor's White House dreams.

[no_hypocrisy]

1. Doesn't that mean a significant loss of revenue to the city via business tax,

money spent by employees at city businesses (stores, restaurants, bars), and of course, personal income tax paid to the City?

That was a major fail.

[rfranklin]

2. Yes, but people are still going toBroadway shows!

The Mayor knows what is important in this world.