From the Patch:
Montclair Debates ‘Redevelopment’ at Lackawanna Plaza
he plan to redevelop Lackawanna Plaza marches ahead, but what the final vision will end up looking like is still up for debate.
During a public workshop held on Monday, representatives from the municipal planning board discussed the Township Council’s recent designation of nine properties around Lackawanna Plaza as an “area in need of redevelopment,” and what that could mean for residents and business owners in the neighborhood.
Designating a property as an area in need of redevelopment allows a municipal government to take certain legal actions that they wouldn’t normally be allowed, including seizing properties through the use of eminent domain, as per New Jersey law.
According to Hoboken-based planning consultant Paul Grygiel, the designated properties – which are currently owned by Hampshire Real Estate Companies and Pinnacle Companies – are currently zoned as C-1 commercial, which allows for building heights of up to eight stories if incentives are provided.
…
One of the most vocal critics of the proposed redevelopment has been The Great Atlantic & Pacific Tea Company (A&P), which has over 30 years remaining on its lease.An attorney for A&P attended the Township Council’s March 10 meeting in protestation of the designation.
“We are particularly stressed over the use of crime statistics as the basis for the designation,” the attorney told council members. “We are further distressed when we read the public notice that reserves the right to use eminent domain. We think that we can work with you, but with the specter of eminent domain hanging over us as a tenant, it becomes very difficult.”
Clearly the master plan here is to push out the lower income residents on the south end. I don’t care how you frame it, that’s the real reason.
Shocked!
N.J. Democrats who ripped Christie over George Washington Bridge give Menendez benefit of doubt
In the aftermath of Sen. Robert Menendez’s 14-count indictment on Wednesday, Democrats seem to be giving him a lot more breathing room than they provided Gov. Chris Christie after he became entangled in the scandal over the lane closings at the George Washington Bridge.
No one picked up up on that quicker than Assemblywoman Holly Schepisi (R-Bergen), a member of the legislative committee investigating the lane closings.
“The hypocrisy is stunning,” Schepisi said Thursday. “Regardless of whether or not you ultimately believe that Sen. Menendez did or do not do anything wrong is almost beside the point. Because the very same people who have en masse stood up and said ‘Don’t rush to judgment’… are the very same people who, without any indictments, without any information other than a couple of salacious emails that got leaked to the press, were calling for the governor’s head on a platter.”
Let’s take a look at one of the major hypocrites, Bonnie Watson Coleman:
On Christie:
“And this really is what they’re all about, transactional deals, dismissiveness, remarks that are totally, totally unacceptable in a civilized society,” Watson Coleman said on Al Sharpton’s show. “And you know what? The governor needs to think about resigning, and he needs to take all of his friends with him because this is sickening.”
On Menendez:
“Like all Americans, Senator Menendez is entitled to the constitutional presumption of innocence and the chance to defend himself. We must allow the legal process to work through the matters at hand,” said U.S. Rep. Bonnie Watson Coleman (D-12th Dist.).
Christie’s statement on Menendez:
“Everybody deserves the presumption of innocence and there’s no reason for me or anybody else to get out ahead of themselves,” he said in a statement.
And from the NYT:
Step Down, Senator Robert Menendez
Grim,
While I get the point you are trying to make, it’s an apples to oranges comparison. As it is a Federal charge, CC gave the perfect answer. Anything else, you up to libel and slander charges, unless you can prove it yourself.
Chi,
Call “trapped cash” by it’s true name, “deferred income”.
Melgen and Menendez swapping girls in Casa De Campo blech….
Talking of Montclair, have fun with this, the council must be doing something right!
http://www.nj.com/essex/index.ssf/2015/03/nj_downtown_named_2015_great_american_main_street.html
8 – Sure, but don’t discount the current new urbanist zeitgeist combined with the fact that these areas were largely spared the impact of white flight. These areas were able to stay afloat through the mall-ization era, and only now are seeing a resurgence. Now, realize, the resurgence is limited only to the affluent areas.
So what are we voting in favor of? Gentrified downtowns with upscale stores hardly affordable to anyone? Did they get bonus points for Lululemon and Urban Outfitters?
The gentrification of Bloomfield Ave happened despite the leadership, not because of it.
I wonder what Holder said when the FBI came back from the DR and told him the girl was only an 18 year old unemployed woman he got a visa for not a “child” as reported initially.
10
“Is she hot?”
11 – Was just about to type the same, I suspect the response from Holder was, “Daaaaaaamn”.
gluteus (8)-
Give me a fcuking break. Guess the criteria for a “Great Amerikan Downtown” is 50% commercial vacancy, overpriced and substandard residential development and gun-toting gangs encroaching on one side.
Ask the residents of Siena how great their downtown is.
As if, you wanking Gooner prawn sandwich bitch.
If Melgen was a “friend”, I wonder what Menendez’ definition of “girlfriend” is? Strike that, ain’t nothing to wonder about.
“Remember that bank thing. Kiss Kiss”
Rat bastard Menendez looks/acts like the type who’s only into the little kiddies.
[5] rory martin
“Anything else, you up to libel and slander charges, unless you can prove it yourself.”
There’s a reason you shouldn’t offer legal analysis. It’s the same reason I don’t code.
[8] rory,
You do know those titles are self-appointed, right? There isn’t a committee of adjudicators that passes judgment on your little Sandford.
Manchester, NH regularly wins those accolades but it’s a joke locally because Manchester is such a dump. The Chamber of Commerce nominates itself every year, and every year, it is named a Great Small City. I remember when Haverhill, MA was named one of those “great” places. Haverhill is a sh1thole. The mayor of Haverhill was interviewed on TV and he readily admitted he had no idea why the city was so named or who named it as “great.”
I will now only refer to gluteus as “prawn sandwich bitch”. That is my special award designation for him.
[13] luge,
Agreed. I was never impressed with Montklair. Like Chatham, I went there frequently but could never understand the attraction. I actually preferred Madison to Chatham, and would take the Brig, Madison, Morristown, or even Summit (which I hated), over Montklair.
19 – Look at what we’re talking about here though, Summit, Madison, Chatham, Westfield, Morristown.
Like I said earlier, it is pure serendipity that these regions where the major benefactors of the wealthy white flight out of the urban areas and inner ring suburbs.
Giving any credit to the local leadership for this, even going back 20+ years, is an absolute stretch.
The mansions on Upper Mountain weren’t built 5 years ago.
Although I still kick myself for not buying the building at the top of Glenridge Ave when it was offered up. Damn damn damn.
Funny though, Menendez seems to point to a very close friendship stretching 20 years. Melgen’s comments in the press on the friendship seem to tell a very different story, more acquaintance than life-long best friend.
Jobs miss big time.
@CNBCnow:
BREAKING: US added 126K jobs in March
5.5% unemployment rate
Grim says:
April 3, 2015 at 8:33 am
Jobs miss big time.
grim (22)-
Melgen is the intelligent one in that pair. They’ll never get to the bottom of what he got out of Menendez for a few plane trips and underaged Dominican h00kers.
Jobs numbers way below expectations, also January and February numbers revised down.
Maybe Bon Jovi could pay a little more in property taxes after making more off this real estate deal than most of us will make in a lifetime. Prob cleared 10 million on this deal. Money makes money. Bought in the bubble peak too.
“Jon Bon Jovi has sold his New York City penthouse for $37.5 million after two years on the market.
Supermodel Heidi Klum eyed the property last year but the identity of the buyer is unclear.
Bon Jovi and his wife, Dorothea Hurley, purchased the condo — which has floor-to-ceiling windows with panoramic views — for $24 million in 2007. The couple made several million dollars in renovations.”
http://www.nj.com/entertainment/index.ssf/2015/04/bon_jovi_sells_nyc_penthouse_apartment_for_375m.html#incart_gallery
Def not good. I’m trying to make sense of how the number could be so off.
Thomas says:
April 3, 2015 at 8:42 am
Jobs numbers way below expectations, also January and February numbers revised down.
What does Mrs. Melgen this of all this?
It is current income taxed at a lower rate. There are no local expenses to sufficiently use the cash. If the company wants to send the cash to the United States, the U.S. effectively slaps it with an import tax……all other explanations are political and have no nexus in economic reality…….kind of describes you too.
Fabius Maximus says:
April 3, 2015 at 7:41 am
Chi,
Call “trapped cash” by it’s true name, “deferred income”.
Obama and Melgen – Who said money can’t buy you love.
http://thepunditpress.com/wp-content/uploads/2015/03/130319_obama_melgen_courtesy_328.jpg
God that guy looks like one shady mf’ker.
anon (the good one),
5.5% unemployment rate
Give us an explanation as to what this unemployment rate means to you.
@wexler: February unemployment rate, by year
2009: 8.3%
2010: 9.8
2011: 9.0
2012: 8.3
2013: 7.7
2014: 6.7
2015: 5.5
via @BLS_gov
Fast Eddie says:
April 3, 2015 at 9:33 am
anon (the good one),
5.5% unemployment rate
Give us an explanation as to what this unemployment rate means to you.
You didn’t answer the question.
It’s all turning to sh-t. No unicorn propaganda will change that.
Montclair should be bulldozed and then paved over with the ashes of the communists that live there.
In September, the US labor participation rate fell to 62.7%, the lowest since the US economic malaise under president Jimmy Carter in the late 1970s.
Any questions?
@TheStalwart: The unemployment rate for people without a college degree has returned to its best level since the crisis
A nation of obese burger flippers. To think this is the country that put a man on the moon lol. Oh how the mighty have fallen.
The unemployment rate for people without a college degree has returned to its best level since the crisis.
You proudly mention it as if working as a ‘pick and pack’ temp employee in a warehouse in South Hackensack is a symbol of success. Then again, it represents the mentality of your president and the people who voted for him.
Come to think of it. I think NASA would need to add another rocket booster if we ever desire to send the average fat ass American into space.
AG [39],
I think about it all the time. It really is sad. We went from that to, “You didn’t build that.” What a pessimistic louse we have representing the presidency. A true clown supported by slow-witted blockheads.
Not that we need another(Ted Stevens, John Murtha, etc., etc.) poster child but it’s time to revive the term limits debate.
The system of lifetime appointments itself if corruptive, even for those who have a shred of integrity, they become so wrapped up in the reelection cycles that they have to trade favors with the deep pocketed.
And then you mofos like Mendendez who are for sale to the highest bidder from day one and can entrench themselves by peddling influence at every turn.
Tool [25];
5.5% unemployment rate
Only you and the rest of the Kool-Aid Brigade believe it. Thanks for re-affirming my assessment of your intelligence.
Con’t [44];
From pollster John Zogby, via Forbes:
5.5%, now that’s funny.
Obama and the dems are falling all over themselves for more people being back to work, but as evidenced by the wage hikes by our lowest-paying employers and new evidence showing that the lower cohorts are continuing to fall behind, Obama is taking credit for the upswing in low-wage and part time jobs, and, coincidentally, for the hollowing-out of the middle class. And anon is cheering this on!!!
I’m not sure that’s the message Obama or anon intends but that is what’s happening.
Make note of when these events are because your kids will have substitute teachers all day.
http://www.nj.com/politics/index.ssf/2015/04/menendez_backers_launch_i_stand_with_bob_campaign.html#incart_related_stories#comments
Shaneen Allen pardoned
[48] joyce,
Some sanity in Trenton. And if Kathleen Kane tries to block her from getting her carry permit back in PA, I predict an ugly mob descending on Harrisburg.
More on the BLS jobs calculations, and this is from PBS, so anon and footrest can’t attack the messenger:
“And partialized employment is still a big problem, said Wolfers. “There are a lot more people looking for extra hours than should be looking at this point in the recovery.” Nearly 7 million Americans qualify as involuntary part-timers because they are, in BLS-speak, “working part-time for economic reasons.” In other words, they want full-time work but can’t find any. The BLS’s official unemployment rate excludes those 7 million people.
Hidden Part-Time Workers
But the number of part-time workers may actually be even higher than 7 million. As Making Sen$e has recently discovered, there’s another whole pool of part-time workers whom the government counts as full-time employees. How can that be? To count as a full-time worker, you must work 35 hours or more. But what if you work two or more part-time jobs that add up to 35 hours?
Several months ago, when we first asked Wolfers whether those part-time workers would be counted as full-timers, he said, of course not, no, but then quickly realized that, yes, in fact, the Bureau of Labor Statistics would count them as full-time employees.
According to the BLS, in data not disclosed in their monthly report, 1.2 million workers toil at multiple part-time gigs with hours adding up to or surpassing 35 hours. On paper, they’re full-time workers. At work, at home, and shuttling between shifts, though, they’re part-timers who may not enjoy the benefits, convenience or stability that comes with holding one full-time position.
The Real Shocker
Even more shocking is that the BLS’s headline number of jobs added each month — the figure that can move markets and shape headlines — makes no distinction between full-time and part-time payroll gains. “So if you’re on for an hour,” Wolfers said, “you’re counted as having a job” in the survey of employers.
We weren’t the only ones blown away by that fact. Nobel laureate Paul Krugman was surprised, too. “That makes sense, actually, in part of the broader context,” he said. “Unemployment doesn’t look that high, but the situation of workers doesn’t feel anything like full employment,” Krugman said. Case in point: if we added that extra million part-timers to our expanded pool of job-hunters, Making Sen$e’s U7 would be higher — more like 14.45 percent of Americans unemployed.”
[snip]
http://www.pbs.org/newshour/making-sense/the-startling-fact-you-we-and-paul-krugman-didnt-know-about-the-jobs-report/
“5.5% unemployment rate” — right, the EMRATIO looks wonderful:
http://research.stlouisfed.org/fred2/graph/?g=16qa
@Kelly_Evans:
“The unemployment rate for those with a college degree or higher is down to just 2.5% vs 3.4% one year ago.” -Boockvar
@ozchrisrock:
Only President Obama could get gas to $2.40, end 2 wars, get bin Laden, bring unemployment below 6%, then be told he’s failing as president.
53-
94 million Americans out of the workforce, 50 million on food stamps, 10 trillion in new debt
yes, high price to pay,
but we taught Sadam Hussein a lesson, didn’t we?
Thomas says:
April 3, 2015 at 1:50 pm
53-
94 million Americans out of the workforce, 50 million on food stamps, 10 trillion in new debt
End 2 wars? The Middle East is in flames. The boundaries of countries have disintegrated into two religious factions attempting to annihilate each other.
Gas at $2.40 a gallon? Midwest shale oil boom, anyone? Weak demand from China due to weakness in global expectations?
And the unemployment rate is below 6%. I see. Does this mean rates will pick themselves up off the floor now?
Tool [55];
but we taught Sadam Hussein a lesson, didn’t we?
And Obama just cut the ribbon on the Iranian nuclear bomb store for his successors at ISIS.
Being a “conscientious objector” and “anti-war” (only when engaged in by the US), you have no worries that you or your precious only child might have to fight a nuclear armed-Islamist threat one day. It’s must be nice to loathe the military that protects your luxuries. You’ll just import poor immigrants to do your fighting for you when the time comes.
…but we taught Sadam Hussein a lesson, didn’t we?
And Iran is teaching your ball-less leader a lesson. That’s after Putin banged your muppet pres1dent like a barely legal streetwalker.
From Ben Bernanke’s Blog
Read all 4 issues
http://www.brookings.edu/blogs/ben-bernanke/posts/2015/03/30-why-interest-rates-so-low
Wage Stagnation in Nine Charts:
http://www.epi.org/publication/charting-wage-stagnation/
Better Economy?
More quits = better economy: Baxter is part a growing trend of workers who are walking into their manager’s office and saying, “I quit.”
Nearly 2.8 million employees voluntarily quit their jobs in January, up 17% from the year before, according to the latest government statistics. The quit rate, which measures the number of quits as a percent of total employment, ticked up to 2% from 1.7%.
http://money.cnn.com/2015/04/03/news/economy/jobs-wages-salary-quitting/index.html?iid=HP_LN
My son got a $10k increase when one of the companies he applied with, called to check his reference
59
Yeah, I especially liked his drivel about how ZIRP doesn’t hurt those on fixed income / savers.
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I don’t think he ever said.it did not hurt the savers. This is what he said:
If you asked the person in the street, “Why are interest rates so low?”, he or she would likely answer that the Fed is keeping them low. That’s true only in a very narrow sense. The Fed does, of course, set the benchmark nominal short-term interest rate. The Fed’s policies are also the primary determinant of inflation and inflation expectations over the longer term, and inflation trends affect interest rates, as the figure above shows. But what matters most for the economy is the real, or inflation-adjusted, interest rate (the market, or nominal, interest rate minus the inflation rate). The real interest rate is most relevant for capital investment decisions, for example. The Fed’s ability to affect real rates of return, especially longer-term real rates, is transitory and limited. Except in the short run, real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.
To understand why this is so, it helps to introduce the concept of the equilibrium real interest rate (sometimes called the Wicksellian interest rate, after the late-nineteenth- and early twentieth-century Swedish economist Knut Wicksell). The equilibrium interest rate is the real interest rate consistent with full employment of labor and capital resources, perhaps after some period of adjustment. Many factors affect the equilibrium rate, which can and does change over time. In a rapidly growing, dynamic economy, we would expect the equilibrium interest rate to be high, all else equal, reflecting the high prospective return on capital investments. In a slowly growing or recessionary economy, the equilibrium real rate is likely to be low, since investment opportunities are limited and relatively unprofitable. Government spending and taxation policies also affect the equilibrium real rate: Large deficits will tend to increase the equilibrium real rate (again, all else equal), because government borrowing diverts savings away from private investment.
If the Fed wants to see full employment of capital and labor resources (which, of course, it does), then its task amounts to using its influence over market interest rates to push those rates toward levels consistent with the equilibrium rate, or—more realistically—its best estimate of the equilibrium rate, which is not directly observable. If the Fed were to try to keep market rates persistently too high, relative to the equilibrium rate, the economy would slow (perhaps falling into recession), because capital investments (and other long-lived purchases, like consumer durables) are unattractive when the cost of borrowing set by the Fed exceeds the potential return on those investments. Similarly, if the Fed were to push market rates too low, below the levels consistent with the equilibrium rate, the economy would eventually overheat, leading to inflation—also an unsustainable and undesirable situation. The bottom line is that the state of the economy, not the Fed, ultimately determines the real rate of return attainable by savers and investors. The Fed influences market rates but not in an unconstrained way; if it seeks a healthy economy, then it must try to push market rates toward levels consistent with the underlying equilibrium rate.
This sounds very textbook-y, but failure to understand this point has led to some confused critiques of Fed policy. When I was chairman, more than one legislator accused me and my colleagues on the Fed’s policy-setting Federal Open Market Committee of “throwing seniors under the bus” (to use the words of one senator) by keeping interest rates low. The legislators were concerned about retirees living off their savings and able to obtain only very low rates of return on those savings.
I was concerned about those seniors as well. But if the goal was for retirees to enjoy sustainably higher real returns, then the Fed’s raising interest rates prematurely would have been exactly the wrong thing to do. In the weak (but recovering) economy of the past few years, all indications are that the equilibrium real interest rate has been exceptionally low, probably negative. A premature increase in interest rates engineered by the Fed would therefore have likely led after a short time to an economic slowdown and, consequently, lower returns on capital investments. The slowing economy in turn would have forced the Fed to capitulate and reduce market interest rates again. This is hardly a hypothetical scenario: In recent years, several major central banks have prematurely raised interest rates, only to be forced by a worsening economy to backpedal and retract the increases. Ultimately, the best way to improve the returns attainable by savers was to do what the Fed actually did: keep rates low (closer to the low equilibrium rate), so that the economy could recover and more quickly reach the point of producing healthier investment returns.
yome,
His entire thought-process starts with incorrect assumptions.
66 Joyce, Why is that?
re# 66 – Joyce there is no Fed mandate to pay savers.
End of Story.
The title of Grim’s original post was excellent. Without rights, including property rights, government is formalized gangsterism.
“That’s after Putin banged your muppet pres1dent like a barely legal streetwalker.”
Eddie, you really think Putin has been good for Russia and Obama has been bad for US?
From what I see among friends I know, the job market is pretty hot. There is also the news of retail stores raising wages. Things seem to be reasonably good across a wider range of incomes. Of course, unless you are the sole exception, just like your experience with the housing market has remained the same from 2008 through now.
The economy may crash and burn sometime in the future, but at this point it seems fairly robust. People denying that things are getting much better are either trying not jinx it or are simply being nasty. They are either like some perpetually disappointed/worried parents that won’t say anything good about their kids or nasty friends of those disappointed/worried parents that won’t say anything good about others’ kids.
Amen!!
McDullard says:
April 3, 2015 at 4:15 pm
“That’s after Putin banged your muppet pres1dent like a barely legal streetwalker.”
Eddie, you really think Putin has been good for Russia and Obama has been bad for US?
From what I see among friends I know, the job market is pretty hot. There is also the news of retail stores raising wages. Things seem to be reasonably good across a wider range of incomes. Of course, unless you are the sole exception, just like your experience with the housing market has remained the same from 2008 through now.
The economy may crash and burn sometime in the future, but at this point it seems fairly robust. People denying that things are getting much better are either trying not jinx it or are simply being nasty. They are either like some perpetually disappointed/worried parents that won’t say anything good about their kids or nasty friends of those disappointed/worried parents that won’t say anything good about others’ kids.
71- mcds and Walmart would not be giving their workers above min wage starting wages if things were not getting better. It also is proof that min wage was too low. Hardcore conservatives can be happy that the min wage is currently useless. The market has spoken and has raised low wages above the min wage threshold without any help from Uncle Sam. Guess everyone that was arguing that the min wage was much too low was dead right, the market says so.
# 70
“From what I see among friends I know, the job market is pretty hot”.
What do they do? (to get paid).
“Montclair council votes to change government to fascist dictatorship”.
Buddy a mine lives in Chester (Morris County). Recently after several long time residents passed away the place reminds me of the old East Germany (Stazi included). Um, wait, that’s not accurate more like ‘Gay liberal Nazis on the loose’.
Dude wants to move but can’t sell because he’s ‘underwater’ by a couple hundred grand. Wife doesn’t work and they have four kids in the school system with two in high school.
American Nightmare.
yome,
He admits the FED is guessing (my word, not his… I’m sure he has plenty of econometric models) at what the market would dictate the equilibrium real interest rate would be.
Juice Box,
You are correct. However, the FED does have a mandate for:
“The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of [1] maximum employment, [2] stable prices, and [3] moderate long-term interest rates.” -Federal Reserve Act, Section 2A (Monetary Policy Objectives)
I’d say the FED has been a horrific failure at 100% of their Monetary Policy Objectives.
[72] punkin
“Guess everyone that was arguing that the min wage was much too low was dead right, the market says so.”
I and others made that point months ago. The fact is, few made min. wage, esp. in NJ, so this was much ado about little.
Many of the trends we see now dovetail with this. There are more low wage jobs but the participation rate is also historically low. Part of this is attributable to choices afforded by government. If you can make $15 an hour sitting on your ass, why get a job? So the available pool is artificially low. Thus, to attract those still in the pool, you need to offer more. This, BTW, may explain why resignations appear to be up–low wage workers moving to employers that offer a little more.
Make note of when these events are because your kids will have substitute teachers all day.
Yeah right…no one gives a crap. There’s probably one union hack in the school that will show up. Guess what, the kids are probably better off. That person is usually the worst teacher in school. The rest of the teachers are too busy doing their job to worry about Menedez.
US Labor Participating Rate from 1950 to 2015. We are with in the average today
http://www.tradingeconomics.com/united-states/labor-force-participation-rate
Labor Force Participation Rate in the United States decreased to 62.70 percent in March of 2015 from 62.80 percent in February of 2015. Labor Force Participation Rate in the United States averaged 63.01 percent from 1950 until 2015, reaching an all time high of 67.30 percent in January of 2000 and a record low of 58.10 percent in December of 1954. Labor Force Participation Rate in the United States is reported by the U.S. Bureau of Labor Statistics.
[70] Sastry,
The question isn’t whether the economy is or isn’t improving under Obama, it’s the rate and comprehensiveness of improvement. From what little I’ve read, it seems this recovery is an outlier for its glacial pace and lack of meaningful improvement in the lives of many out there. It’s a thin recovery, less robust and later than would be expected after a recession.
The excuse used by the left is that Bush did so much damage, it took longer to recover. I refuse to dignify that BS; anyone who has taken a course or two in Econ should know better. Concomitantly, I don’t put it all on Obama; there are other factors at work now that weren’t present before and a president can realistically do little either way to direct an economy unless he goes all Chavez. Evidence of this can be seen in the fact that Obama got his way on the two most important aspects, taxes and healthcare, yet inequality under him is worse than before. The economy isn’t following his script.
But a president can affect things at the margins and Obama did have a role in suppressing the natural economic recovery cycle; it is beyond cavil that taxes and regulation affect growth and Obamas policies were anti-growth on the whole. Not intentionally so for most industries, but these do matter and businesses reacted as expected. One can only imagine the result if Obama got more of his agenda through.
[79, 80] yome,
You’re equating the labor force in the 50’s with that of today?
Ruminate on that question for a bit. I’d address it but once I open that floodgate, I can’t close it easily and I’ve no free time this weekend.
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