New York City is becoming an economic basket case.
“‘We’re at war’: New York City Faces a Financial Abyss,” screams a New York Times headline.
New York City’s unemployment rate stands at 16%, double the nation’s average.
Yet, even in the midst of a “financial abyss,” the animosity of New York’s liberal elite remains undeterred in its hostility toward free enterprise and entrepreneurship, the pillars of job creation and economic recovery.
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