In the City of Albany, 41.6 percent of children are living in poverty.
“2005 promises to be a great season of golf at our beautiful Capital Hills at Albany Golf Course. I am thoroughly committed to making Capital Hills the premiere course in our Capital Region, if not New York State. In fact, we have just completed Phase III of improvements to the course totaling $700,000” stated Mayor Jennings. “I encourage all of our residents to take advantage of this great and challenging golf course we have right here in our beautiful City”
Night of the Living Dead V - The American DreamBy DIA, Section News
I won't run down the list of things I've been right about, I don't have the time (hi, john sweeney!! Go to jail much?). But I'm going to revisit some comments I've made as we face the complete meltdown of the US financial system, housing markets, etc.
1) The Times Union wanted to let you know everything would be OK. I told you it wouldn't. Of course I deal in facts, they deal in fantasy. About a year ago they ran this headline, which I correctly mocked. Brighter days for economy in analyst's outlookYeah, future is so bright I gotta wear shades. Nice work TU and favored analyst. 2) As Wall Street goes, so goes NY. No bailouts for Mayor Jennings when the state is in such trouble. I wish someone could've warned us this was going to happen. Ring Ring As I've been saying for some time, we are on a crash course with a harsh economic reality. With the current management there is only one real avenue for Albany. Being bailed out by the state. Barring some magical solution, we have a date with reality in the near future. And reality can be a harsh mistress.3) Here I was just being my normal asshole self. But once again, I was right. It is a new day in the US economy. Oil passed $130 gallon last night. Tax receipts are down in NY. Consumer confidence is at a historic low in NY. Wall Street is facing historic layoffs and thus the state is facing a big budget deficit. Is this good news? No. But it is the new reality. We all would love for every state city and county worker to never have to worry about their jobs, never have to work that hard other than on election day and occasionally pave our streets or something. Remember when Corning had 70 janitors on staff for city hall alone? Those were different times. They are OVER. Now, you can fight reality and we know you will. But reality has a fiscally conservative bias. And all of you state city and county workers who want the good times to continue have one other big problem on your hands. The rest of us can get fired or layed off anytime. Many of us have. Our jobs don't have pensions. Our health insurance costs us a lot of money. And then we open the paper and read things like this.4) And since this is an Albany blog, how about we wrap up with my prediction for the 2008 city budget, which proved to be 100% accurate. This is the budget that Jerry Jennings called "responsible". Now we know we are facing a historic budget crisis just a year later. Today is the final chance for the public to make any comments on the 2008 budget. If you'd like to do so, attend the common council meeting tonight and waste your time bringing up any valid concerns and or outright support for the mayor's plan to borrow and spend and mortgage your future.When you read things like "for the first time since the great depression", you should pay attention. Jerry didn't. I hope the rest of you did. Welcome to your new America. Look for your bills for your mortgage on the future to start arriving soon. If you are wondering what happened, you've been robbed. At least John Sweeney will be going to prison. And hopefully Bruno. Since there is no legal system in Albany, Jerry Jennings should be fine. But it doesn't change the reality of what has happened. If you work for a living, you have been fucked. Get used to working harder for that same living. Cheers and good luck.
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