Richard Blumenthal (net worth: $159,000,000) casually paints himself as an “economy class” traveler to attack Trump’s new Air Force One as too “big and luxurious.”
“He could have gotten by with the old one.”
“It just wasn’t as big and luxurious as he would want.”
“And most of us who travel in economy class put up with a good deal more discomfort.”
So we’ve got open voting season, mail-in ballots, no voter ID, no proof of citizenship, ballot harvesting, drop boxes AND birth right citizenship.
Well played, Democrats. The invasion worked.
Meanwhile so-called republicans won’t pass the Save America Act and have backed off mass deportations because it looks “mean.”
It turns out windmills can’t handle Mother Nature. Who’s surprised? Imagine all the diesel require just to clean this up, let alone repair, replace, and remove.
Next up, @DominionEnergy’s Coastal Virginia Offshore Wind project at the next hurricane.
Congratulations to Virginia Democrats. In just 6 short months here are your top 5 biggest achievements:
1. Passed a redistricting amendment to disenfranchise 45% of the state - that was found unconstitutional by the Virginia Supreme Court.
2. Passed a “assault weapons ban” that has been enjoined by two Circuit Courts finding there is a likelihood of success that the laws will ultimately be determined unconstitutional.
3. Passed an affordability bill raising legislation salaries 194%
4. Increased every Virginians powers bill by rejoining RGGI
5. Were handed a budget with billions in surplus and have passed a budget spending most of it while raising taxes and fees on Virginia business.
And as an extra bonus- we learned your attorney general doesn’t know how to spell Senator or Virginia.
If this were a high school civics class- you would clearly have an F for the semester.
It’s pointless to continue the fight against the madness. Democrats in America thrive on communism, fraud, and illegal immigration, turning a blind eye to crime, while feckless Republicans huff and puff and just sit on their hands. It’s hopeless, and I’m sick of it all.
So….. only 13 House Democrats signed the ‘Promise to America’ pledge vowing to commit to capitalism over socialism, secure borders, fiscal responsibility, and being proud of America, not ashamed of America.
That’s just 6% of the 212 House Democrats.
The rest? Apparently not willing to publicly pledge support for free markets and common sense. Speaks volumes.
#PromiseToAmerica”
Imagine your family worked for a generation to save enough money to buy a brownstone occupied with rent stabilized tenants on the Upper West Side. The family financed the purchase with a mortgage from a bank based on the premise that rents and cash flow would at least keep pace with inflation so you could pay interest and principal on the mortgage and hopefully have some cash flow left as a return on your investment.
While you had rent stabilized tenants, you were led to believe that the NYC Rent Guidelines Board would be required to adjudicate rental increases each year by taking a measure of the inflation of costs to own and operate a building and setting rental increases appropriately.
You believed the RGB would do its job as the board is comprised of two representatives each for landlords and tenants and five independent representatives that represent the general public.
Now, a new mayor @NYCMayor Mamdani is elected on the promise of freezing rents. There are about two million rent stabilized renters that benefit if rents are frozen so by promising frozen rents the new candidate for mayor buys votes and wins the election.
The new mayor achieves his objective by stacking the RGB with directors who do not follow their obligations and simply vote for a rent freeze as a preordained conclusion as evidenced by the statements of an RGB director who resigned in protest for this very reason.
Meanwhile, inflation in NYC is rampant in utilities, real estate taxes, insurance, repairs and maintenance, etc. and now your rents are frozen. Real estate is a high operating leverage business which means that frozen rents and inflating expenses will cause property cash flows to plummet and your after debt service cash flow to go negative.
I expect therefore there will be hundreds if not thousands of small NYC property owners who are now or will shortly be underwater on their mortgages, and without any cash flow to maintain their assets.
If you remember the images of the South Bronx burning in the mid 1970s, you can viscerally understand what is happening to small NYC real estate owners.
While the rent freeze appears to be short-term good news (long term it will lead to poorly maintained apartments) for 2 million NYC renters, it is bad news for the 2 million or more renters in the 1 million market rate apartments in the City because a landlord-hostile market is not likely to add meaningfully more supply and market rents will likely continue to escalate at a high rate.
All of this seems quite unfair and wrong unless I missing something?
Why am I wrong?
For disclosure: I do not own any NYC rental apartments.
My plan for New York: zero income tax on your first $50K, utility bills cut in half, the green energy scam ended on day one.
Hochul has been taking money out of your paycheck for years to fund her campaign donors.
Not anymore. When I am Governor, working families come first.