Fred Siegel, senior fellow of the Manhattan Institute's Center for Civic Innovation, has an opinion piece in today's Post titled "KING BLOOMBERG:
MIKE IS A MAYOR RUN AMOK."
While arguing over whether to reauthorize Off Track Betting, the Mayor clashed with the normally mild-mannered Governor Paterson, whose support is essential for the city; Paterson came away describing the mayor to the Post's Fred Dicker as "a nasty, untrustworthy, tantrum-prone liar who has little use for average New Yorkers."
Bloomberg is so committed to his ideal of the "luxury city" run by and for the wealthy and organized interest groups that the Wall Street collapse took him completely by surprise. Like Lindsay's successor, the hapless Abe Beame, Bloomberg seems not to understand what's happening around him. His budget projections are based on the notion that the future economic path will be shaped like a U, but it's more likely to look like an L.
New York, which became ever more dependent on Wall Street's high rollers to create each new job a thousand-dollar meal at a time, is going to have to rethink its economic future. Wall Street as we knew it is never coming back. The high taxes and over-regulation Bloomberg prefers pushes out the small- to medium-size businesses that will have to drive much of our economic growth in the future.