New York City Mayor Bill de Blasio announced on Friday that he would not be a candidate for the 2020 presidential race, and was dropping out of the Democratic Party’s presidential primaries and caucuses. Since announcing his interest in becoming the Democratic Party’s presidential nominee, de Blasio’s candidacy had never been taken seriously and his performance in the opinion polls wasn’t good either.
- New York City is currently facing the worst financial situation since February of 1975. The city is running a deficit and could be in real trouble if we had a recession, or a further flight of individuals because of tax reform.
- New York City and Mayor Bill de Blasio are just one recession away from defaulting on its massive debt, and the long dreaded successor to the Great Recession of 2008 is expected to hit bottom in 2020 or 2021. de Blasio’s skyrocketing public spending, worsened by a rising deficit and paltry revenues, has placed New York on the road to an embarrassing bankruptcy.
- Starbucks CEO Howard Schultz: “Meanwhile, far-left activists succeeded in forcing Amazon to abandon plans to create a second headquarters in the New York City area, which would have brought 25,000 jobs and injected billions of dollars into the local economy. Where has common sense gone?“