Posted on 12/21/2009 7:53:25 AM PST by blam
Gartman: Blame Democratic Mayors For Nationwide Poverty
Vince Veneziani
Dec. 21, 2009, 10:24 AM
In this morning The Gartman Letter, analyst Dennis Gartman segues off his usual topic of markets to focus on poverty levels and the political front:
The Gartman Letter: Finally, we came across the following list over the weekend as we were going through e-mails and cleaning things up. We checked out the data, and it is correct, so the “correlation” seems reasonably to hold.
Now, what do all of these cities have in common beyond their egregious poverty level rates? They all have had since 1989 and continue to have, Democrat Party mayors… with Cleveland having had the Democrat mayor incumbent for the shortest period, since 1989, while Newark and Milwaukee now go back for nearly one hundred years of Democrat “rule.” Detroit, with the highest poverty rate has had a Democrat running the city government since 1961. We’re not casting aspersions here; we are simply drawing correlations.
(Excerpt) Read more at businessinsider.com ...
I left a dim speechless with this info. I’d love to see a chart including crime, poor education, unwed mothers, etc. I’d bet it would show the same correlation.
It’s too bad they stopped at the top ten. I’m sure that there many more democrat controlled cities that would have made that list. New Orleans for one.
I can already hear the rat response—it’s because the racist greedy Republicans won’t give them more money. Just like Africa. Let it all sink.
Gee, what is it about envy that destroys a city’s goodwill. Could it be, those that practice envy forsake the “Golden Rule”?
The process is simple: Socialists (Donks in the US, same thing) get in power through some crisis real or imagined, usually with the help of the media. They then create poverty and offer govt “assistance” and “wealth redistributin” to buy votes. This results in more poverty because of the necessary taxation to fund the hand-outs and the dependency the handouts create, locking in a majority impoverished voter base. This viscous cycle ensures that the donks’ power base becomes unassailable, all while the “leaders” live large.
Been happening at the city level for decades and at the state level for many years, eg, California, Michigan, New York, and more recently Ohio.
And now it’s happening at the fewderal level.
This cycle is very hard to break. That is, until the govt runs out of other people’s money. See the above list of states for current examples, and see the fall of the USSR and its client governments in Eastern Europe for international examples. At that point, the people revolt: The dependent because their handouts stop; the productive because they have been ruined.
This revolt can take place at the ballot box, but corrupt entrenched socialists rarely let go of their power just because of voters. They either ignore the vote or corrupt it (ACORN anyone?) That leaves tyranny or actual revolt as the only possible outcomes. World history abounds with examples of both.
We still have time for revolt at the ballot box. Hopefully that’s the path America will take.
Throughout my lifetime, seven decades plus, the cry, “The South Shall Rise Again.” seems to have not been in vain.
Nice analysis.
Of course it would but that would be "racist".
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