Let's give a big "thank you" to Mayor Villaraigosa, City Council Members Garcetti, Cardenas, Huizar, Perry et al., and sous-Mayor Beutner for . . . drum roll, please. . . for the highest unemployment rate in at least 10 years:
That is the latest available figure from the Bureau of Labor Statistics. That was the rate in July. Can you imagine how much higher it is now?
Do you see, now, why I rail against the Spring Street Gang's "corporate welfare" policies, where they pretend they are investment bankers, robbing Peter to pay Paul?
The idiots in City Hall are killing this City. They are turning it into New Detroit. They take hundreds of millions of dollars from productive, taxpaying people, and hand it over, every single year, to politically connected businesses through the CRA. That is legalized theft, and it drives employers and investors out of our city.
The City's business income tax drives existing employers out of the city, and deters new ones from moving here. Ditto for the excessive DWP rates. And rather than coming to grips with reality, Villaraigosa et al. use precious tax dollars to, in effect, bribe companies like BYD to open "pretend" offices here.
If the people of Los Angeles do not elect new City Council Members in the March 2011 election, just how is American's second-biggest city supposed to survive?