Puerto rico government

Mayor-elect Eric Adams knows Wall Street powers New York

Eric Adams threw away the leftist recipe for class warfare and set out to woo the big cat industry.

And it worked.

It’s a stark contrast to what we’re used to hearing from New York Democrats and the party as a whole.

As Uncle Joe kept repeating in that weird, muffled voice “pay your fair share” for his multibillion-dollar spending insanity, our newly elected mayor met and dined with an array of Wall Streeters and types of businesses across the country. Manhattan, telling them he don’t I don’t want to tax them out of town.

Of course, Wall Street does not vote in numbers that can compare to participation in the five boroughs. But it brings in a lot of money for the candidates who will fix the failing system inherited from hapless comrade Bill de Blasio.

Adams has had no problem raising money on Wall Street, in real estate, and elsewhere, as he has spent much of his campaign telling business leaders how important they are to the city. Adams is a rare leftist who understands that the financial sector pays most of the city’s taxes.

Even more, he understands that class war has its limits. Recall that after losing everything in 2008, the GOP candidates won Congress in 2010, even with the financial crisis still fresh in the minds of voters.

A view of the Wall Street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City
Eric Adams understood the importance of Wall Street, writes Charles Gasparino.
Noam Galai / Getty Images

Our weaker and weaker president and the progressive freaks he has delivered the country to can’t quite understand that most people don’t work for the government; they work for a corporation or a small business.

Workers know that when you hit their employers with taxes, regulations and leftist rhetoric, you hit them too. What affects the bottom line of their employers comes from their wages.

It was another lesson from Tuesday that it seems almost all of the major Pol Democrats – with the possible exception of Joe Manchin and Kyrsten Sinema – still fail to understand as they continue to push for social spending useless and grandiose at the expense of the rich. Bankers, tech moguls, hedge fund managers, small business owners, real estate companies, and the like employ a lot of people.

It will sound harsh, but we need them more than they need us. Adams’ mantra when campaigning in front of the business community was simple and effective: “Please stay in New York; I need more from you guys I need AOC types ”was among the gems I heard he had found.

Adams, a former cop, also promised the business community that he would allow the police to do their jobs – another major concern for business leaders. CEOs drive to the office in limousines, but their employees have to dodge the throngs of violent and mentally ill homeless people who fill the streets of Manhattan these days.

Of course, it could all be Adams blowing smoke. Even if he’s not, the crazies in City Council and Albany aren’t just going to fall because new Gov. Glenn Youngkin won in Virginia and Cuomo-lite Gov. Phil Murphy nearly blew him up in New Jersey.

New York Mayor Bill de Blasio, left, and New York Mayor-elect Eric Adams greet each other at a reception hosted by the Kings County Democratic Party at the El San Juan Hotel on Friday, November 5, 2021 in San Juan , Porto Rico .
Mayor Bill de Blasio and Mayor-elect Eric Adams greet each other during a reception hosted by the Kings County Democratic Party at the El San Juan Hotel on November 5, 2021 in San Juan, Puerto Rico.
James keivom

Meanwhile, restoring some semblance of order is more difficult than it looks; just ask Rudy Giuliani how long it took him to reverse the decline of the early ’90s. Cutting corporate taxes in New York is always a difficult task, even when lefties aren’t so much in the driver’s seat.

Still, what Adams said sounded like a welcome change of pace from the usual, unproductive class war gibberish that business people hear from the Democratic Party already figuring out who pays the bills.

And they told Adams they were ready to give him a chance before they completely rushed to Florida and left him and the city to fend for themselves.

Now it’s Adams to deliver.

Larry’s complaint

Larry Fink may well be ranked as America’s most awake CEO. But he didn’t build BlackRock from scratch into the $ 9 trillion asset management machine by being dumb.

That’s why it’s no surprise those close to him say his company may soon start taking steps to iron out its corporate progressivism in Washington, DC, which is increasingly wary of its mix of politics and politics. ‘business.

Sources tell me that Fink’s internal lobbying team is about to start squeezing the flesh on Capitol Hill with a charm offensive to win pols who might not be so excited about the embrace. of the company when it comes to corporate awakening. The moves come after a torrent of bad publicity that has focused on the politics of BlackRock’s business. This includes my reporting on companies tricking BlackRock in which it invests to adopt board policies involving, among other fashions, hyper-environmentalism.

As Eleanor Terrett of Fox Business reported, despite fink’s virtue signals on issues such as the environment and diversity, BlackRock owns stakes in two Chinese companies that may help the repressive government monitor dissidents and ethnic minorities in its crackdown freedom of expression and religion.

Larry Fink, CEO of BlackRock, speaks at the Bloomberg Global Business Forum in New York, the United States, September 26, 2018.
A torrent of bad publicity has recently focused on the political side of Larry Fin BlackRock.
Shannon Stapleton / REUTERS

“You got your head in there,” a DC policy adviser said of BlackRock’s thinking.

The folks at BlackRock minimize movement. They say the cabinet has hired a new lobbying chief, euphemistically described as “foreign affairs,” who has met with lawmakers in Washington on both sides of the aisle.

But Fink’s lobbyists are said to be panicking over all the attention his awakening is getting. After all, he’s also selling high-priced so-called ESG (environmental social governance) funds by taking advantage of the clean energy he advocates – so there’s a lot of money at stake if the Biden administration continues to push this forward. program. Plus, Fink saw Tuesday’s election results, which is why his people are talking about having fun with the GOP guys. They should remind him that talking is cheap.

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