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Saturday, January 14, 2012

Food For Thought

Steven Malanga, senior fellow at the Manhattan Institute:
In the Empire State, the official version of Buffalo's decline is that the city lost its manufacturing jobs to cheap overseas competitors. But the flight of blue-collar jobs from upstate New York began in the late 1950s when businesses and investment bolted to more competitive American states, not to foreign countries. Today, business executives consistently rank New York one of the least desirable states in which to open or expand a business.

Another billion dollars in government subsidies for Buffalo won't change that.
Yet Buffalo will get its "stimulus" subsidy.

And will continue its decline.

Which will prompt more "stimulus."

Which will prompt more decline.

America in microcosm.

We're doomed.