Is New York City the Next Detroit?

Thursday, August 1, 2013
By Paul Martin

By Daniel Greenfield
July 31, 2013

Shortly, New York may be ruled by a governor who helped cause the financial meltdown, while New York City may have a mayor who was forced to resign from Congress and its comptroller will be a former governor who was forced to resign for transporting a prostitute across state lines. He will be replacing the current comptroller who may go to jail for campaign finance fraud.

All of that sounds like an elaborate setup to a punch line. And it is.

New York State has the 33rd highest unemployment rate in the country. New York City’s unemployment rate is even higher at 8.3%. In June, New York City, with a population of 8 million, added just 3,100 jobs. Most of those jobs were in the city’s tourism trade which bulks up during the summer.

The Rest…HERE

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