No Bailouts

As is my custom I’m not going to remark on the upcoming mayoral election in New York City. Suffice it to say that I think that New Yorkers can vote for whomever they like.

The one point I do want to make is that regardless of what happens on Tuesday New York City should not be eligible for any federal bailouts whether loans, grants, or other. New York City is the State of New York’s problem.

I should add that the City of Chicago shouldn’t be considered for any bailouts, either. Or the State of Illinois for that matter. If Chicagoans are intent on driving “rich people” or employers out of the city, they can’t say they weren’t warned.

Mayor Johnson is just following the orders of his bosses—the Chicago Teachers Union. I have no idea how anyone could have expected anything different. Given that his present approval rating is 31% (up a few points from this summer and considerably higher than his nadir) I would speculate that some of his erstwhile supporters are unhappy.

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