As he seeks to consolidate his position as the outer-borough fighter in the wake of Anthony Weiner’s jump into the mayor’s race, Public Advocate Bill de Blasio outlined an economic agenda Thursday morning that would dramatically shift the city’s priorities. He described it as a bid to prevent the complete disappearance of New York’s middle class.
Speaking at the New School, Mr. de Blasio argued that, while the super-rich are living it up like never before, the ranks of those struggling to make ends meet continues to swell.
At a fund-raiser last night for his one-time deputy mayor Joe Lhota, former Mayor Rudy Giuliani not only came out swinging against Democratic officials’ counter-terrorism policies, he blasted this year’s crop of Democratic mayoral candidates, saying neither they–nor President Barack Obama–had ever held a real job.
Mr. Giuliani, one of Mr. Lhota’s biggest backers as he seeks the Republican nomination for City Hall’s top job, touted his former attack dog’s record in the private sector and as the city’s once-budget director.
“That’s exactly what we need. Not these career politicians who have never really held a job. Like our President, who never really held a job,” he said, to laughs, according to footage of the speech at the Excelsior Grand in Staten Island, captured by blogger Jacob Kornbluh.
Earlier today, there was a rare bit of good economic news with the announcement that job creation broke out in February as the United States’ unemployment rate fell from 7.9 percent to 7.7 percent. This morning, however, Mr. Bloomberg urged the public to ignore the widely discussed unemployment number and instead look at the raw job total nationwide–a net increase of 246,000 new jobs last month.
“The unemployment number is relatively meaningless,” Mr. Bloomberg said during his weekly interview with John Gambling. “It is the number of people who have jobs–the number of jobs. I think the national economy is doing a little bit better. Not going down, it is going up a little bit better, [but] nowhere near fast enough to give jobs to a lot of the people who want them. And a lot of the people who have dropped out of the workforce [are] saying, ‘I’m never getting a job, I’m not going to even look.’ Then you don’t get counted. … That’s why the unemployment number is bad–is not really a good indicator.” Continue reading “Mayor Bloomberg Explains Why the Unemployment Rate Is ‘Relatively Meaningless”→
Mitt Romney appeared in friendly TV territory, Fox & Friends, this morning where he addressed recent statements made by President Barack Obama that the private sector is “doing fine,” why he thinks “Obamacare” is one of the “worst offenders” when it comes to killing jobs and what he thinks of the Obama campaign’s attacks on his work with Bain Capital.
The Obama campaign released a new ad this morning calling Mitt Romney’s performance as governor of Massachusetts “one of the worst economic records in the country.” In the ad, which is called “We’ve Heard It All Before,” criticism that the state fell to 47th in job creation and fell into debt on Mr. Romney’s watch is interspersed with footage of Mr. Romney campaigning by touting his business record.
“Now, when Mitt Romney talks about what he’d do as president … remember, we’ve heard it all before,” a narrator says in the ad. “Romney economics, it didn’t work then and it won’t work now.”