Newark Rising?

From the NYT:

In Newark, a New Chapter Unfolding

In Newark’s Central Ward, not far from the site of the 1967 riots, a market-rate rental building opened earlier this year with 152 apartments and its name, 24 Jones, emblazoned in cheerful orange lettering on the blocky, colorful facade. Promotional materials invite prospective tenants to “come to a place where everything is possible.”

What, exactly, is possible in Newark? That is the question driving this next chapter of the city’s history. With about $2 billion in commercial and residential development underway, 1,500 units of housing are under construction and another 4,000 are planned, according to the city’s department of economic and housing development. Corporate dollars have poured into the city in recent years. Since 2008, Goldman Sachs has invested $500 million in the city, and Prudential Financial, which is based in Newark, has invested $368 million.

Vacant lots are being redeveloped, like the 11-acre parcel that now houses 24 Jones, which is the residential piece of a $94 million project called Springfield Avenue Marketplace that also includes a ShopRite and other stores. Forsaken buildings are being renovated, such as the 1901 Hahne & Company department store, which had been a grand shopping destination until it shut in the 1980s, languishing downtown ever since, a hulking testament to how far the city had fallen. By next year, a $174 million restoration will transform the structure into 160 apartments, a cultural center for Rutgers University and a Whole Foods Market.

“This is the largest city in the state and for too long it’s been hamstrung by people’s discomfort with its reputation,” said Jonathan M. Cortell, the vice president of development for L & M Development Partners, which owns the Hahne’s building with other partners. “And now, maybe it’s premature to start calling it a rising star, but there’s positive action happening here.”

But Newark cannot simply build its problems away. Nearly a third of the city’s residents live in poverty, according to census data, while crime is high and many of its schools are failing. One of the city’s biggest assets — available land — is also a liability, as there is no shortage of vacant lots and abandoned parcels across the city. The city also faces redevelopment challenges that are different from those in neighboring cities like Harrison, Jersey City and Hoboken, which have tied their fortunes to Manhattan by enticing New York commuters with promises of cheaper housing and a quick ride to the city.

“Newark’s not trying to be the next Brooklyn, or the next Jersey City,” said Baye Adofo-Wilson, Newark’s Deputy Mayor for Economic and Housing Development, adding, “We have our own richness and our own culture here that isn’t just an expansion of Wall Street, but really an expansion of Newark and an expansion of New Jersey.”

This entry was posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate. Bookmark the permalink.

79 Responses to Newark Rising?

  1. Mike says:

    Good Morning New Jersey

  2. Juice Box says:

    Rent to own. My friends dad used to do this down he shore. Usually a contractor or day laborer and his family would sign one of these rent to own contracts. They would end up fixing up the place only to find themselves evicted for non payment after a few years.

    NO recovery for the Poor if you cannot get credit.

    “In many communities, housing prices have recovered from the financial crisis. At the bottom end, however, banks have all but stopped making loans for homes worth less than $100,000, leaving millions of people with few options.”

    http://www.nytimes.com/2016/08/22/business/dealbook/rent-to-own-homes-a-win-win-for-landlords-a-risk-for-struggling-tenants.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

  3. Never Trump (the good one) says:

    we can either fix this by paying for helthcare, job training, childcare, counseling.
    or pay to invade Iraq.

    we made our choice – twice

    “But Newark cannot simply build its problems away. Nearly a third of the city’s residents live in poverty, according to census data”

  4. grim says:

    I knew a guy who did rent to own with a premium on rent price.

    Landlord stopped paying the mortgage and pocketed the rent.

    Once he found out the owner was in default, he stopped paying the full rental price.

    House got foreclosed on. Pretty shitty deal for him.

  5. Fast Eddie says:

    we can either fix this by paying for helthcare, job training, childcare, counseling.
    or pay to invade Iraq.

    It appears that you need some job training yourself. By the way, isn’t it great that the right has the balls to dismantle their own party while the left continues to cling to fear, weakness and failed policies?

  6. 30 year realtor says:

    6 – Gary, are you trying to portray this as some sort of noble, organized effort?

  7. 30 year realtor says:

    If the redevelopment of Newark is going to succeed there has to be one neighborhood that gains traction with moneyed people from outside the city. That neighborhood is the area by Military Park. Area has Rutgers, Newark Museum, NJPAC and walking distance to Penn Station , downtown and Prudential Center. If this neighborhood isn’t ground zero for redevelopment then where will it be?

  8. Fast Eddie says:

    30 year [6],

    Not really but at least one side realizes change is required while the other side clings to air.

  9. Ottoman says:

    Dismantle…LOL! Let’s not get it twisted. Trump says exactly the same things that main stream republicans have been thinking and saying for years. The right is imploding now only because all your bullsh!t has been conveniently wrapped up in a neat little package called the trump campaign and given 24/7 exposure. Thanks Bill Clinton.

    By the way, democrats aren’t the left. They are the center, maybe even center right given how much they love war and capitalism. The left is Occupy, Black Lives Matter, Palestine liberation, Green Party, etc. and it’s undeniable that the left has not had this much power in decades and it’s only going to continue to grow.

    “By the way, isn’t it great that the right has the balls to dismantle their own party while the left continues to cling to fear, weakness and failed policies?”

  10. grim says:

    7 – Ironbound is a close second for gentrification through hipsterification.

    There are some streets that are somewhat picturesque low-rise, the strong ethnic enclaves and great food a big plus.

    Always thought the gay community would embrace Forest Hill/Branch Brook park mansion area, similar to their investment into areas like the Plainfields or Asbury.

  11. Fast Eddie says:

    By the way, democrats aren’t the left. They are the center, maybe even center right given how much they love war and capitalism.

    Who are you kidding, you’ll have a shiver up your leg as you pull the lever for Hellary.

  12. D-FENS says:

    http://graphics.latimes.com/usc-presidential-poll-dashboard/

    Donald Trump 44.6%
    Hillary Clinton 43.5%

    Ottoman says:
    August 22, 2016 at 9:06 am
    Dismantle…LOL! Let’s not get it twisted. Trump says exactly the same things that main stream republicans have been thinking and saying for years. The right is imploding now only because all your bullsh!t has been conveniently wrapped up in a neat little package called the trump campaign and given 24/7 exposure. Thanks Bill Clinton.

    By the way, democrats aren’t the left. They are the center, maybe even center right given how much they love war and capitalism. The left is Occupy, Black Lives Matter, Palestine liberation, Green Party, etc. and it’s undeniable that the left has not had this much power in decades and it’s only going to continue to grow.

  13. Alex says:

    9-Ottoman

    The left is high taxes (federal, state, local), burdensome regulations, homelessness, crime, lousy schools, broken homes, open borders, debt, hatred, unemployment, welfare, broken families…etc.

  14. Tywin says:

    “Every single $1M home in N.J. on one map”

    http://www.nj.com/news/index.ssf/2016/08/every_single_1m_home_in_nj_on_one_map.html

    It’s a slideshow, click the arrow on the upper-right to flip through the images.

  15. grim says:

    16 – this is amazing

  16. D-FENS says:

    http://www.projectexecution.consulting/cepexpoll/

    AN OFFICIAL PRESS RELEASE

    TRUMP LEADS CLINTON by 5+ POINTS in the KEY BATTLEGROUND STATE of PENNSYLVANIA

    PRESS RELEASE AUG 20, 2016 19:00 MDT

  17. D-FENS says:

    Anybody know NJ election laws? Are people volunteering to register voters allowed to show or hand and display flyers/bumper stickers for one parties candidate over the other?

  18. grim says:

    After my own heart

  19. Pete says:

    #12,
    Have you heard the term outlier before?

    http://www.realclearpolitics.com/epolls/2016/president/us/general_election_trump_vs_clinton-5491.html

    #18 is just pure clickbait. Its not even a legitamit polling company. The fact that you would post it is almost as absurd as when you posted that Trump was going to get 25% of the black vote.

  20. Fast Eddie says:

    Its not even a legitamit polling company.

    Sure, and the polls you follow are, of course, the real ones.

  21. Anon E. Moose, Second Coming of JJ says:

    Footstool (emphasis on “stool”) [9];

    By the way, democrats aren’t the left. They are the center, maybe even center right given how much they love war and capitalism. The left is Occupy, Black Lives Matter, Palestine liberation, Green Party, etc. and it’s undeniable that the left has not had this much power in decades and it’s only going to continue to grow.

    You must be the magic tailor who can see the difference between Occupy, BlackLiesMurder, Palestine liberation (read as “Kill all Jews and Destroy Israel”) Greens, etc., and the Democrats at large. The distinction, if any, is without difference. Even so, why do you bother to make a distinction since, by your own admission, the “left” (as you see it) is calling the shots anyway?

    You just can’t come to grips with the truth and admit to yourself that you’re a soci@list member of the soci@list party, notwithstanding soci@lism’s record of failure and murder everywhere its been tried. Hence, as I said last week, lying is congenit@l to the left, so Hillary’s defining characteristic is not seen as a flaw by those who will vote for her.

  22. grim says:

    Off to Mississippi

    Scouting a location to send Punkins job.

  23. 3b says:

    26 Biloxi!!

  24. Essex says:

    12. everybody wants a contest. But wtf…

  25. Essex says:

    both sets of candidates blow donuts.

  26. Pete says:

    “Sure, and the polls you follow are, of course, the real ones.”

    I don’t follow any polls in particular. But there’s this thing called the internet that allows you to easily see many polls across the spectrum aggregated in one place and to determine which are outliers and which are not. Also on this internet thing there are cool things called search engines that allows you to literally take minutes of your life and figure out if a poll is from a company that has been around for awhile or just popped up recently with no history and no credibility whatsoever.

  27. Steamturd supporting the Canklephate (Channeling JJ) says:

    There’s only one poll worth paying special attention too. Oh wait…that’s spelled pole.

  28. Steamturd supporting the Canklephate says:

    I live within 500 yards of million dollar dot in both the east and west directions. I must be rich!

    That map is really cool. There’s very little wealth along the NJ Turnpike. And the DEM voting base hotbeds of Newark, East Orange, Irvington, Elizabeth, etc., look like a dry slot on a weather map. The impact would have been much greater, if not for Paulus Hook and Hoboken.

  29. chicagofinance says:

    Executive chef Craig Polignano said the original sommelier when he interned was a total Tennessee nihilistic alcoholic. “He was a toxic combination of belligerence and culinary voodoo, with a serious substance abuse problem. I think he ended up trying to bankrupt various corporate executives with tragic investments in overpriced real estate.”

    http://www.njbiz.com/article/20160822/NJBIZ01/308229999/home-cooking-returning-to-the-ryland-inn-in-whitehouse-station-has-proven-to-be-beneficial-to-both-chef-craig-polignano-and-one-of-the-states-premier-restaurants

  30. chicagofinance says:

    I never really thought about it in the past, but seeing this phrase mangled made me realize that it is THE SAME FUKING WORDS, JUST IN A DIFFERENT ORDER…….the hypervigilant thought police are staggering in their ability to extort compliance with their arbitrary guidelines…..

    During a segment on diversity in Hollywood, Robach, who was substituting for Robin Roberts, noted recent criticism for casting white actors “in what one might assume should be a role reserved for colored people.”

    After the broadcast, Robach released a statement explaining she had meant to say “people of color.”

    She called the incident “a mistake” and “not at all a reflection of how I feel or speak in my everyday life.”

    The words used to describe African-Americans have evolved over time from words like Negro, colored, Afro-American to the current black, African-American and people of color, said Deborah E. McDowell, director of the University of Virginia’s Carter G. Woodson Institute for African-American and African Studies.

    “We no longer use the term colored people, although once upon a time that was a term in use,” McDowell said. “Now the preferred usage is people of color if you are speaking about people of color broadly. If you are referring specifically to African-Americans, people will frequently be specific and refer to us as African-Americans.”

  31. Captain Nom Deplume, Besotted Rummy says:

    [25] moose,

    I am surprised you wasted that much verbiage on that POS. The only things worth wasting on him are some oxygen and maybe someday a .22 c@liber slug.

    Or three–kneecaps first.

    And I am the Second Coming of JJ (and third, and fourth, yes the JJokes write themselves).

  32. Captain Nom Deplume, Besotted Rummy says:

    [34] chifi,

    They now use the term POC in ads and texts and such. So I think it entirely appropriate to refer to them as “Pocs”. Intonate the o as you see fit.

  33. Steamturd supporting the Canklephate says:

    I am a people of color too. I am certainly closer to pink than I am to white. Therefore, I would happily accept the classification of “off-white.” This PC crap is really awfully silly. What ever happened to the freedom of speech? The pussification of America continues. Lefties ought to support the high level of military spending America is famous for. God forbid we have to fight a “real” war. If we had to put real numbers of boots on the ground…I would question where they would come from.

  34. It is the correct time to outsource all kinds of work for only a 5 buccks. Check this one

  35. Essex says:

    32. ask yourself who is getting more ‘value’ from the town. Man alive. If you are just as happy with 1/4 of the size, but still get the schools, ambiance, etc then you are winning.

  36. The Great Pumpkin says:

    Even though they leave out a lot of the million dollar homes because it’s based on assessments as opposed to sales, do the people questioning me get the picture yet? Look at the map based on the density and then question why northeast nj is different. Also, does this map put into perspective how wealthy this state really is. For a tiny state, that is a ridiculous amount of wealth. Pretty much the entire eastern board of the state is one continuous wealth belt. Northeast nj is one continuous wealth belt. How many locations in the United States or world are like that? Not many. I rest my case, and save me the bs that millionaires are leaving in droves. I don’t fall for propaganda put out by fools like christie.

    Tywin says:
    August 22, 2016 at 10:52 am
    “Every single $1M home in N.J. on one map”

    http://www.nj.com/news/index.ssf/2016/08/every_single_1m_home_in_nj_on_one_map.html

    It’s a slideshow, click the arrow on the upper-right to flip through the images.

  37. The Great Pumpkin says:

    You sure as hell are not poor or even close to middle class.

    Steamturd supporting the Canklephate says:
    August 22, 2016 at 3:49 pm
    I live within 500 yards of million dollar dot in both the east and west directions. I must be rich!

  38. The Great Pumpkin says:

    I was thinking about this today. Trump accused the democrats of holding down the black communities in urban decaying neighborhoods. How can you blame the democrats for this? Because these people voted for Democrats? Because Democrats appealed to these voters by trying to help them?

    I’m not making this a blue vs red debate. This is not a defense of the blue team. It’s a question of how you can blame a political party for the state of the poor? Don’t give me that bs that welfare made them poor, it’s the stupidest argument I ever heard, and people eat it up in droves. Ask trump.

    If you don’t want welfare, give them FUC!ING JOBS. If that means training, or whatever it is that is needed to get these people a job, so be it. Pick your poison, either pay to get their skills up, or give them welfare so they can survive. You can’t just eliminate welfare and tell them “good luck.” That’s why the welfare is there in the first place, they are incapable of supporting themselves. If life is about survival of the fittest, then eliminate laws. This way, it truly is every man for himself and money can’t protect you. Don’t claim it’s survival of the fittest, and then have rich skinny old guys hide behind their money due to laws. Survival of the fittest and they would get killed. They better thank big govt for protecting them. Always bitching about big govt making laws and regulations, not realizing that big govt keeps them from losing it all to bigger and stronger individuals. People are too funny.

  39. [40]Yes we do, douchenozzle, yes we do. Sorry there are no million dollar houses on the racetrack you call home.

    Even though they leave out a lot of the million dollar homes because it’s based on assessments as opposed to sales, do the people questioning me get the picture yet?

  40. Rich people don’t buy crap houses they can barely afford at inflated prices on double yellow highways and then pretend they are privileged. Dumbasses who grew up near Passaic do that, they don’t even know how to get out of the county.

  41. Anon E. Moose, Second Coming of JJ says:

    Headless [42];

    Newark’s last Republican mayor left office 60 years ago. How long before the Democrats stop blaming Republicans for the way things are in the cities that THEY run?

  42. 3b says:

    42 I could have addressed this but then I remembered I am ignoring you.

  43. The Great Pumpkin says:

    That’s what sucks about society. Everybody has different wants and needs. Because of this, it’s a difficult job for govt to make all happy. They give this to that group, they give this to that other group, and then they all fight over what is needed (what their selfish needs justify), and what is waste(what they don’t need from govt). That’s all politics really is, different groups of people all fighting for their own needs instead of the needs of all.

  44. 3b says:

    40 Fairfield co Connecticut. Oh. That’s right I am ignoring you. But good God!

  45. 3b says:

    39 yep!

  46. The Great Pumpkin says:

    You mean the 7,000 sq ft house across the street is not worth a million? Get a life, you hater.

    The Original NJ ExPat says:
    August 22, 2016 at 8:10 pm
    [40]Yes we do, douchenozzle, yes we do. Sorry there are no million dollar houses on the racetrack you call home.

  47. The Great Pumpkin says:

    You hate the fact that i’m 36 and doing better than you ever did. Eat’s you up inside, huh? Esp since you consider this 36 year old to be an idiot, right?

    I have never heard one complaint about my house. Everyone that has saw it, has given compliments on how nice it is. What do people say about your 2 bedroom apt? Your daughter still waking up in the night, scared for their life, hearing the neighbor scream and then asking you why is she screaming so loud?

    The Original NJ ExPat says:
    August 22, 2016 at 8:13 pm
    Rich people don’t buy crap houses they can barely afford at inflated prices on double yellow highways and then pretend they are privileged. Dumbasses who grew up near Passaic do that, they don’t even know how to get out of the county.

  48. [50] Douchenozzle – He’s always in the dark and everything about him stinks.

  49. The Great Pumpkin says:

    Give me a break…blame a political party for the negative effects that come with the economic system known as capitalism? Are you telling me if we elected republicans across the board, we would have no poverty in this country. Wow, sign me up! Everyone vote republican and all our problems will magically be solved.

    Anon E. Moose, Second Coming of JJ says:
    August 22, 2016 at 8:14 pm
    Headless [42];

    Newark’s last Republican mayor left office 60 years ago. How long before the Democrats stop blaming Republicans for the way things are in the cities that THEY run?

  50. [51] Well – considering your circle…Has the guy across the street been over?

    I have never heard one complaint about my house. Everyone that has saw it, has given compliments on how nice it is.

  51. The Great Pumpkin says:

    Fairfield county is filty rich, the southern tip is def one of the richest areas in the world. Your point? Why not include the wealthy county in Maryland too? I’m still not down with making comparisons based on 1%er towns in southern conn and applying it to all of the northeast, which is what that article did.

    3b says:
    August 22, 2016 at 8:18 pm
    40 Fairfield co Connecticut. Oh. That’s right I am ignoring you. But good God!

  52. Ben says:

    I was thinking about this today. Trump accused the democrats of holding down the black communities in urban decaying neighborhoods. How can you blame the democrats for this? Because these people voted for Democrats? Because Democrats appealed to these voters by trying to help them?

    I’m not making this a blue vs red debate. This is not a defense of the blue team. It’s a question of how you can blame a political party for the state of the poor? Don’t give me that bs that welfare made them poor, it’s the stupidest argument I ever heard, and people eat it up in droves. Ask trump.

    It’s pretty simple. You look at an administration like Sharpe James in Newark. The guy sucked all the money out of the state for decades. He peddled it to himself, his buddies, and his women. These inner cities are 100% democratic and guys like James and Tony Mack (Trenton) end up going to jail because they are openly corrupt and bleeding the town dry. The blame lies within the Democratic Party for these inner cities because it is the party itself that is responsible for siphoning money to these crooked local politicians from both the state and federal level. And then, they don’t even hold them accountable when they are friggin indicted for their corruption! They just pretend it didn’t happen.

  53. 3b says:

    55 cause it’s close to north east nj. Fool.

  54. [51] Your upbringing and your douchenozzle circle is showing, not to mention your education level. I bet all of your friends was effin’ impressed with how good you done. You probably done better than anyone on the block. Did you buy that Volvo yet or are you waiting for the cash out refi? Hahahahahahahaha

    I’m going to rent myself a house
    In the shade of the freeway
    I’m going to pack my lunch in the morning
    And go to work each day
    And when the evening rolls around
    I’ll go on home and lay my body down
    And when the morning light comes streaming in
    I’ll get up and do it again

    https://www.youtube.com/watch?v=AQiXQUGbac0

    Everyone that has saw it

  55. The Great Pumpkin says:

    I don’t agree, ben. You are telling me that the level of corruption is so large that these inner cities are broke only due to the corruption of politicians? WTF? How the hell are they taking that kind of money out of the system? You are talking serious money. I put the blame on the economic system. There is corruption, but the corruption does not siphon off 100% of the money, not even close to 25% of the money. Might not even be 10%. There is no way you can get away with the level of corruption you imply.

    “It’s pretty simple. You look at an administration like Sharpe James in Newark. The guy sucked all the money out of the state for decades. He peddled it to himself, his buddies, and his women. These inner cities are 100% democratic and guys like James and Tony Mack (Trenton) end up going to jail because they are openly corrupt and bleeding the town dry. The blame lies within the Democratic Party for these inner cities because it is the party itself that is responsible for siphoning money to these crooked local politicians from both the state and federal level. And then, they don’t even hold them accountable when they are friggin indicted for their corruption! They just pretend it didn’t happen.”

  56. The Great Pumpkin says:

    So now I went from the rich spoiled grandchild who was gifted a home to the poor individual with no education. Which is it? Or is it neither?

    The Original NJ ExPat says:
    August 22, 2016 at 8:35 pm
    [51] Your upbringing and your douchenozzle circle is showing, not to mention your education level. I bet all of your friends was effin’ impressed with how good you done. You probably done better than anyone on the block. Did you buy that Volvo yet or are you waiting for the cash out refi? Hahahahahahahaha

  57. The Great Pumpkin says:

    Westchester county and Long Island are closer to northeast, nj; so why leave them out of the comparison? Not for nothing, I think westchester county has a lot more in common with northeast nj counties as opposed to fairfield county. Still, I wouldn’t make assumptions for the entire northeast region based on homes in westchester county.

    3b says:
    August 22, 2016 at 8:35 pm
    55 cause it’s close to north east nj. Fool.

  58. 3b says:

    61 never mind.

  59. As Nom would say, you are citing that which has not been admitted as evidence. I always just assumed you were just the dumbest grandchild with the bleakest prospects so your Nana helped you out so that maybe you would become a viable adult. I never assumed even once that anybody in your family had anything good going on.

    So now I went from the rich spoiled grandchild who was gifted a home to the poor individual with no education. Which is it? Or is it neither?

  60. Anon E. Moose, Second Coming of JJ says:

    Headless [53];

    Give me a break…blame a political party for the negative effects that come with the economic system known as capitalism?

    Considering that you got yours through nepotism, not capitalism, I’m not surprised you have no idea how the world works. Ask the Cubans who had land and businesses before Castro how communism worked out for anyone who had two nickels to rub together. And those who were poor before Castro — they died poor and their progeny are poor today (except the criminals who got shipped off to the US). The only system under God by which poor are elevated is capitalism. Your grandma probably fled someplace poor and totalitarian with just the clothes on her back so you could have what little you’ve piled up thus far — and you’re stupid enough to advocate a system that would take it from you, naive enough to believe that you’ll be spared. Cause you’re special like that.

  61. Chi says:

    The John Edwards show episode of South Park with the douche so The John Edwards show episode of South Park with the douche song is on Comedy Central RIGHT NOW!

  62. Chi says:

    John Edwards is on the spaceship right now going to the douche award ceremony

  63. Douchenozzle – Remember all those Obama “shovel-ready” projects from The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5)? Can you list a couple of those projects? The money is 100% gone, where are the completed (or even started) projects?

    There is corruption, but the corruption does not siphon off 100% of the money

  64. The Great Pumpkin says:

    Well played.

    The Original NJ ExPat says:
    August 22, 2016 at 9:18 pm
    As Nom would say, you are citing that which has not been admitted as evidence. I always just assumed you were just the dumbest grandchild with the bleakest prospects so your Nana helped you out so that maybe you would become a viable adult. I never assumed even once that anybody in your family had anything good going on.

  65. Chi says:

    He beat out Ursula the giant douche for the award

  66. The Great Pumpkin says:

    Considering that you got yours through nepotism, not capitalism, I’m not surprised you have no idea how the world works. Ask the Cubans who had land and businesses before
    I wasn’t advocating against capitalism. I was just implying that it’s useless to blame a political party for one of the negative by-products of capitalism which is poverty. I’ll take capitalism over anything else, but I also know it’s not perfect.

    “Castro how communism worked out for anyone who had two nickels to rub together. And those who were poor before Castro — they died poor and their progeny are poor today (except the criminals who got shipped off to the US). The only system under God by which poor are elevated is capitalism. Your grandma probably fled someplace poor and totalitarian with just the clothes on her back so you could have what little you’ve piled up thus far — and you’re stupid enough to advocate a system that would take it from you, naive enough to believe that you’ll be spared. Cause you’re special like that.”

  67. The Great Pumpkin says:

    70- I wasn’t advocating against capitalism. I was just implying that it’s useless to blame a political party for one of the negative by-products of capitalism which is poverty. I’ll take capitalism over anything else, but I also know it’s not perfect.

  68. The Great Pumpkin says:

    And what percentage of tax revenue was that? It’s impossible to have 100% allocation of taxes taken through corruption, it’s not even possible with 25%. The system would crash overnight. I understand there will always be corruption associated with whatever humans touch, but I’m not coming up with wild fantasies that corruption is on a third world level.

    The Original NJ ExPat says:
    August 22, 2016 at 9:30 pm
    Douchenozzle – Remember all those Obama “shovel-ready” projects from The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5)? Can you list a couple of those projects? The money is 100% gone, where are the completed (or even started) projects?

    There is corruption, but the corruption does not siphon off 100% of the money

  69. Steamturd supporting the Canklephate says:

    Here are your choices.

    1) Don’t lift a finger, fukc up in school and get free housing, food, healthcare and a cell phone.

    2) Do well in school, flip burgers like the rest of us did, pay rent, buy food and find a job that covers 80% of your healthcare costs.

    Option 1 doesn’t sound so bad now does it? Especially if you never get a taste of how much better life can be with #2.

  70. The Great Pumpkin says:

    73- So if we go with option 2, what happens if they don’t find a job which is very likely, being that there are already a bunch of trump supporters crying about not having a job and expecting trump to provide one if he becomes president?

  71. The Great Pumpkin says:

    Wage inflation anyone?

    “Delta Air Lines Inc. offered its 13,000 pilots a raise of about 27 percent over four years, significantly less than what the employees have proposed in contract talks that have lingered since the beginning of the year.

    The carrier’s proposal was disclosed in a letter Sunday to pilots from John Malone, chairman of the Delta chapter of the Air Line Pilots Association, which is asking for a 37 percent raise over three years. The two sides have been deadlocked over pay and other issues since the contract became amendable Dec. 31.

    The union has taken an aggressive stance in negotiations with the Atlanta-based airline, saying that the carrier’s profits justify the reversal of pay and benefits cuts adopted in the early 2000s. The pilots had voted down an agreement in July 2015 that would have provided an immediate 8 percent raise and smaller boosts in future years.”

    http://www.bloomberg.com/news/articles/2016-08-22/delta-offers-pilots-27-percent-raise-as-contract-impasse-lingers

  72. chicagofinance says:

    WTF happened to these threads? They are rancid sh!t! Fcuk off…..

  73. STEAMturd says:

    Pumps is a one man wrecking crew!

  74. chicagofinance says:

    Talk about mudflaps, my girl’s got em!
    https://www.youtube.com/watch?v=W14sudMWw2w

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