Bill de Blasio Inaugurated As 109th Mayor Of New York City - Live Webcast

Tyler Durden's picture




 

Despite his various "nanny-state" failings (all of which have been prominently featured on these pages in the past) outgoing New York City mayor Mike Bloomberg has had an impressive track record: New York crime rates are at historic lows, the $72.7 billion budget is balanced, jobs are at an all-time high and a record 54 million tourists pumped money into the economy this year. Homicides have declined by almost 50 percent since Bloomberg became mayor in 2002, and this year’s total of 333 through Dec. 29 is 20 percent below last year’s record low. Of course, how much of this is due to Bloomberg's own actions and how much due to the "rising tide" wealth effect resulting from the Fed's actions that gentrified New York over the past 20 years thanks to Fed wealth-effect boosting policies and which have led to a perilously unstable financial system, is a different question. Regardless, as of midnight the billionaire mayor is no more. His replecament, Bill de Blasio, 52, is the first democrat to run City Hall in 20 years.

Bill de Blasio was sworn in as the 109th mayor of New York City on Wednesday, a few minutes after midnight, but his formal inauguration ceremony on the steps of City Hall is scheduled to begin at noon.

With the arrival of de Blasio to the city's top post, it means that Democratic mayors will preside over Los Angeles; Chicago; Houston; Philadelphia; Phoenix; San Antonio; Dallas; San Jose, California; Austin, Texas; and Jacksonville, Florida.

And while de Blasio may have gained prominence in recent days following his proposal to ban horse carriages in Central Park with comments that "we are going to get rid of horse carriages, period," adding that the practice is inhumane, this decision will hardly impact the country's most populous city, his other choices will. Chief among them, pledging to reduce income inequality and restrain aggressive police tactics.

Who is de Blasio? Ironically, here is Bloomberg's take on the new mayor.

In de Blasio, New York voters chose a Cambridge, Massachusetts-bred Boston Red Sox fan who arrived in the city as a New York University undergraduate. He received a master’s degree in international relations from Columbia University. He then worked for a Catholic relief organization, for which he distributed food and medicine on a 10-day trip to Nicaragua.

 

De Blasio’s career in city politics began as an aide to former Mayor David Dinkins in 1990. He first won election as a Brooklyn school board member in 1999, and served two terms as City Councilman from 2002 to 2009, where he focused on child abuse and the homeless as chairman of its general welfare committee, before getting elected to the citywide watchdog post of public advocate in 2009.

The new mayor's top priority: redistributing wealth.

De Blasio’s task, as he describes it, will be to focus on improving the lives of the 46 percent of New Yorkers with incomes at or below 150 percent of the city’s poverty level, or $46,000 for a four-person household in 2011. He seeks more income distribution in a city where the richest 1 percent took home 39 percent of all earnings in 2012, up from 12 percent in 1980, according to the Fiscal Policy Institute, a New York-based research group.

 

In a City Council with 48 Democrats among its 51 members, the overwhelming majority has expressed support for de Blasio’s agenda, including a resolution asking the state legislature to enact the tax increase. De Blasio defeated Republican Joseph Lhota in the mayoral race by 49 percentage points, the widest victory margin by a non-incumbent in city history.

 

Under de Blasio’s plan, the tax rate on incomes above $500,000 would rise to 4.4 percent from almost 3.9 percent. For the 27,300 city taxpayers earning $500,000 to $1 million, the average increase would be $973 a year, according to the Independent Budget Office, a municipal agency.

 

“We must first admit that the affordability crisis exists, and then resolve, together, to do something about it,” he said in an October speech to the Association for a Better New York, a group of corporate executives.

 

He’s also vowed to create 200,000 units of below-market “affordable housing” in the next 10 years, partly by using a $1 billion investment from city pension funds. On Dec. 23, he appointed Alicia Glen, the head of urban investment for Goldman Sachs Group Inc., as deputy mayor for housing and economic development to work out low-cost financing for the construction.

 

...

 

“Instead of pouring billions of dollars into unnecessary and overly generous tax incentives for big corporations, we need to invest in small businesses, in workforce training, and in the City University of New York -- the most reliable pathways for those seeking a shot at entering the middle class,” de Blasio said in the speech to the business group.

Whether de Blasio will succeed where so many other wealth redistributors before him have failed remains to be seen. But first, here is his inauguration.  At noon, a ceremony on the steps of City Hall will feature former President Bill Clinton. Hillary Rodham Clinton, the former U.S. Secretary of State and a possible 2016 presidential candidate, also will attend. De Blasio worked in the Clinton administration as a regional director of Housing and Urban Development and managed Hillary Clinton’s successful 2000 campaign for U.S. senator from New York. Consistent with the themes de Blasio pushed during his campaign, he set aside 1,000 free tickets for the public for the ceremonial swearing-in.

Everyone else can watch it live below.

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Wed, 01/01/2014 - 13:06 | 4290908 Harlequin001
Harlequin001's picture

I suspect New York probably needs a new mayor already...

Wed, 01/01/2014 - 13:16 | 4290929 Millivanilli
Millivanilli's picture

His first words... I AM NOT A CROOK.

 

Might as get that denial out of the way.

Wed, 01/01/2014 - 14:08 | 4291035 Winston Churchill
Winston Churchill's picture

and I only smoke crack occaissonly, when in a drunken stupor.

Wed, 01/01/2014 - 15:21 | 4291187 superflex
superflex's picture

New Yorker's are dangerously stupid.

Instead of seceding, cant we just remove them from 'Merika and start the transformation back to a productive society.

Chicago, San Fran. and Phiily to follow

Wed, 01/01/2014 - 16:39 | 4291365 SilverIsKing
SilverIsKing's picture

As a New Yorker, I approve of this message.

Thu, 01/02/2014 - 10:25 | 4292959 Hippocratic Oaf
Hippocratic Oaf's picture

As a former New Yorker, I approve this message.

I sent a text to all my buddies now living in the city congratulating them on their new mayor........All I got back was silence.

Wed, 01/01/2014 - 20:11 | 4291756 Van Halen
Van Halen's picture

Don't forget Berkeley and Madison.

Oh, and all the people living on 5 square miles of real estate surrounding any Ivy League school.

Thu, 01/02/2014 - 03:17 | 4292657 Freddie
Freddie's picture

Boulder Colorado near Univ of CO.   It is just not Ivy Schools.  Universities allow liberals to remain children (in their minds) for life.

Wed, 01/01/2014 - 21:00 | 4291843 Colonel Klink
Colonel Klink's picture

Add Detoilet to the list.

Wed, 01/01/2014 - 21:11 | 4291860 1100-TACTICAL-12
1100-TACTICAL-12's picture

one would have to be in somekind of stupor, to live in such a place.....

Wed, 01/01/2014 - 13:17 | 4290932 InjectTheVenom
InjectTheVenom's picture

a Clinton associate ... what could go wrong ??

Wed, 01/01/2014 - 13:43 | 4290978 onewayticket2
onewayticket2's picture

This guy is a loon. Taxes and free stuff to skyrocket.

Wed, 01/01/2014 - 14:47 | 4291110 dark pools of soros
dark pools of soros's picture

they should frontrun the whole weed movement and legalize coke instead

Wed, 01/01/2014 - 16:50 | 4291388 Big Corked Boots
Big Corked Boots's picture

Even scarier is the fact he was associated with Dinkins, who almost ran the  city into the ground.

Personally I can't wait untill SUNY gives him Long Island College Hospital. DeB bought 1500 union votes there... those people serve about 15 patients. Featherbedding, bitchez, losing 25 millon benniebux per month.

 

Wed, 01/01/2014 - 22:55 | 4292332 smlbizman
smlbizman's picture

why are they bringing seinfeld charactors into this..dinkins.. next we will be hearing about bob sacamanno...oh..what..hes real, the non fat yogur.....nevermind

Wed, 01/01/2014 - 19:24 | 4291680 DESMO_RR
DESMO_RR's picture

And the supposedly wealthy, successful population who will pay for all his free shit for the dangerously stupid, will plummet. They have the means to pack their shit and take their tax $$$ elsewhere! All the recent election results are showing that "the majority" of Americans ARE dangerously RETARDED! The rest of us just have to hope we have enough wealth and have it hidden well enough to get through this shit!

Wed, 01/01/2014 - 19:40 | 4291708 onewayticket2
onewayticket2's picture

Great news for CT and NJ real estate.

" give us your rich and productive"

Thu, 01/02/2014 - 00:27 | 4292499 Buckaroo Banzai
Buckaroo Banzai's picture

Yeah but if you work in NYC you get dinged with NYC income tax no matter where you live.

Wed, 01/01/2014 - 20:12 | 4291759 Van Halen
Van Halen's picture

Midstate and upstate NY will be expected to pick up the tab for this Marxist's agenda and the resulting disaster.

Wed, 01/01/2014 - 15:06 | 4291163 dobermangang
dobermangang's picture

This guy makes "Carlos Danger" seem rational.  Poor New York.

Wed, 01/01/2014 - 16:40 | 4291370 j0nx
j0nx's picture

Poor? Hey, they voted for him. May they get it in spades. I got no more remorse for Americans. Ignorance and apathy are why we are where we are now and every American is guilty of one or the other, myself included.

Wed, 01/01/2014 - 17:05 | 4291420 TBT or not TBT
TBT or not TBT's picture

In the big cities, it's not 47%, it's well over that.

Wed, 01/01/2014 - 21:11 | 4291862 lewy14
lewy14's picture

It's one gang of criminals vs another.

 

DeBlasio and his agenda are being co-opted by the Democratic establishment, so look for the very Left stuff to serve as garnish, not entrée.

The only wing that will stop the Clintons belongs to Liz Warren. Her allies will be stripped from her; DeBlasio would be a natural ally but he is on the Clinton plantation. DeBlasio will rule as an oligarch with populist characteristics, and blob up the truly revolutionary factions.

Wed, 01/01/2014 - 13:09 | 4290909 Sofa King Confused
Sofa King Confused's picture

Another asshole.

 

Wed, 01/01/2014 - 13:07 | 4290912 observer007
observer007's picture

Illuminati Symbolism : Sydney New Year's Eve 2014 Fireworks

Sydney greets 2014 with an 11-minute extravagant display of Illuminati Masonic Symbolism fireworks from the iconic opera house and harbour bridge.

Video here:

http://homment.com/illuminati-1

Wed, 01/01/2014 - 16:36 | 4291355 TPTB_r_TBTF
TPTB_r_TBTF's picture

.

 

Reg Mombassa, the artist behind Sydney's 2013 New Year's Eve, said he wanted to use this year's fireworks to look inside people's heads.

The Sydney Morning Herald

Wed, 01/01/2014 - 13:12 | 4290920 buzzsaw99
buzzsaw99's picture

sandy helped a lot too.

Wed, 01/01/2014 - 13:22 | 4290922 JustObserving
JustObserving's picture

Bloomberg's main achievement was illegally stopping and frisking 1800 New Yorkers every day of his term.  And the not-so-secret stop-and-frisk quota for every New York cop.

He also brought in drones and the Israeli miltary and police to train NY cops, the Israelification of the NYPD.

Bloomberg made New York safe for fascism. WTF does the NYPD need a branch in Israel?

In early September 2012, the New York Police Department (NYPD) opened an Israeli branch at the Sharon District Police Headquarters in the Israeli coastal city of Kfar Saba. The NYPD decision to open an Israeli branch rested on the fact that the Israeli police is one of the major police forces with which it must maintain close work relations and daily contact.

https://www.jewishvirtuallibrary.org/jsource/US-Israel/homeland.html

“Given the amount of training the NYPD and so many other police forces have received from Israel’s military-intelligence apparatus,” Blumenthal concludes, “and the profuse levels of gratitude American police chiefs have expressed to their Israeli mentors, it is worth asking how much Israeli instruction has influenced the way the police have attempted to suppress the Occupy movement, and how much it will inform police repression of future upsurges of street protest. But already, the Israelification of American law enforcement appears to have intensified police hostility towards the civilian population, blurring the lines between protesters, common criminals, and terrorists.

http://www.rawstory.com/rs/2011/12/04/report-israeli-model-underlies-militarization-of-u-s-police/

 

 

Wed, 01/01/2014 - 21:48 | 4292177 johnconnor
johnconnor's picture

and don't forget making illegal drinking big sodas

Wed, 01/01/2014 - 13:14 | 4290924 Charles Nelson ...
Charles Nelson Reilly's picture

Bloomberg's & NYC's financial success came at the expense of making places like Gary, IN & Joilet, IL unlivable 3rd world shitholes.

Those closest to the fed money spigot prosper most. The other white and uneducated blacks in middle america can off themselves for all Sociopaths like Bloomberg & de Blasio care.

Despicable humans those two are

Wed, 01/01/2014 - 13:21 | 4290935 garypaul
garypaul's picture

"Those closest to the fed money spigot prosper most"

Well, they are opening branches in Israel lol. Oops, I shouldn't have said that.

Wed, 01/01/2014 - 14:12 | 4291045 el Gallinazo
el Gallinazo's picture

I read that Joliet, IL has some free accomodations for the politically incorrect.

Wed, 01/01/2014 - 14:55 | 4291136 rbg81
rbg81's picture

Bloomberg's & NYC's financial success came at the expense of making places like Gary, IN & Joilet, IL unlivable 3rd world shitholes.

Seriously?  Are you trying to be funny or do you really believe this?  If the latter, what color is the sun on your planet?

Wed, 01/01/2014 - 17:39 | 4291483 Bangin7GramRocks
Bangin7GramRocks's picture

Fuck yeah! If you have ever been to Ashburn Virginia you would see for yourself. Prosperity and wealthy gubmint tit suckers as far as the eye can see!

Wed, 01/01/2014 - 13:15 | 4290925 Ignatius
Ignatius's picture

The well funded NYC urban renewal project called 9/11 helped and it 'only' cost 3,000 lives.

As of today 2,121 'nutball' architects and engineers have signed a petition calling for a new investigation of the destruction of the 3 WTC towers on 9/11  http://www.ae911truth.org/

Happy New Year

Wed, 01/01/2014 - 14:09 | 4291039 el Gallinazo
el Gallinazo's picture

Anyone with an undergraduate degree in chemistry, physics, or engineering would have to be under total mind control to believe the government conspiracy theory.  The two drone controlled airliner crashes and the kerosine and furniture upper story smudge fires were just a diversionary tactic for a highly professional, radio controlled demolition of the three towers.  It shows the contempt that the Owners have for our typical mental acuity.  Unfortunately, the past dozen years shows that their contempt was well warranted.  Means, motive, and opportunity!

Wed, 01/01/2014 - 14:20 | 4291066 moneybots
moneybots's picture

"The two drone controlled airliner crashes and the kerosine and furniture upper story smudge fires were just a diversionary tactic for a highly professional, radio controlled demolition of the three towers."

 

There is a bridge in Brooklyn for sale.

 

 

Wed, 01/01/2014 - 15:40 | 4291230 Ignatius
Ignatius's picture

"There is a bridge in Brooklyn for sale."

I was gonna suggest that you buy it, but it looks as if you already have.

 

Wed, 01/01/2014 - 15:59 | 4291255 moneybots
moneybots's picture

 

"There is a bridge in Brooklyn for sale."

"I was gonna suggest that you buy it, but it looks as if you already have."

 

Sold to you Igi.

Thu, 01/02/2014 - 02:20 | 4292619 Jugdish
Jugdish's picture

The people that are still living who had knowledge and orchestrated the 9/11 NYC attack should be executed by .22 swiftly and then judged at their trial for treason and murder. Those that supoort the murder should also be punished with public flogging or other sentences according to severity. Ignorance should not be considered as valid defense. The 9/11 commision and those that profited should swing from rope. That's a perfect fucking quanataitve utopia with fairies and pixie dust. Faggots.

Wed, 01/01/2014 - 14:11 | 4291042 moneybots
moneybots's picture

"As of today 2,121 'nutball' architects and engineers have signed a petition calling for a new investigation of the destruction of the 3 WTC towers on 9/11  http://www.ae911truth.org/"

 

David Chandler claimed that a horizontal plume of smoke was evidence of a cutter charge. Cutter charges don't cause a horizontal plume of smoke.  He also claimed it was emanating from the corner of WTC1, when it was exiting a window or windows on the west side.

 

 

Wed, 01/01/2014 - 14:20 | 4291068 Winston Churchill
Winston Churchill's picture

If you are an engineer, I hope you signed on as well.

i'm amazed more of us haven't.

Even the newest laptop dependent graduate should be able to discern how every

tenet of structural design,and experience was broken.

Wed, 01/01/2014 - 16:10 | 4291288 moneybots
moneybots's picture

"If you are an engineer, I hope you signed on as well.

i'm amazed more of us haven't.

Even the newest laptop dependent graduate should be able to discern how every

tenet of structural design, and experience was broken."

 

So you are saying the buildings shouldn't have withstood the fires. 

 

 

Thu, 01/02/2014 - 05:53 | 4292724 mrs
mrs's picture

Paid Troll or desparate culprit... which is it?

Thu, 01/02/2014 - 14:19 | 4293760 moneybots
moneybots's picture

"Paid Troll or desparate culprit... which is it?"

 

Neither.

Thu, 01/02/2014 - 17:53 | 4293850 Ignatius
Ignatius's picture

We'll have to go with blind idiot then.

Name calling aside (counter-productive), explain the 2.25 seconds of absolute free fall collapse of WTC 7 primarily by fire? (NIST)

edit: (crickets)

Wed, 01/01/2014 - 13:13 | 4290927 Reaper
Reaper's picture

The Bloomberg rat left the ship. The city implodes, if interest rates rise and/or the market crashes from pension underfunding. Who'll pay to nurture and support those in the 200,000 new "affordable" housing? The new rat-in-charge promises to take from other rats. Is there trust among rats?

Thu, 01/02/2014 - 03:46 | 4292662 PT
PT's picture

When they say, "affordable housing", what do they actually mean?  

1.  Low price tag, no strings attached
or
2.  High price tag plus we lend money whether or not anyone can afford to repay it

???
 
Speaking of low prices:  "Built to last a life time" or "Shit starts breaking five years later" ???

 

Wed, 01/01/2014 - 13:21 | 4290936 Gringo Viejo
Gringo Viejo's picture

Sociopath Rising.

Wed, 01/01/2014 - 13:21 | 4290938 666
666's picture

Bloomeberg was one of NYC's better mayors. Although far from perfect, he did improve things considerably. Rather than expand on Bloomberg's successes, the new mayor will trash them all and bring NYC down again.

"With the arrival of de Blasio to the city's top post, it means that Democratic mayors will preside over Los Angeles; Chicago; Houston; Philadelphia; Phoenix; San Antonio; Dallas; San Jose, California; Austin, Texas; and Jacksonville, Florida." Funny how alll these cities are, shall we say, in a wee bit of trouble. Redistribution of wealth has a perfect track record of failing miserably.

Now that France can now legally tax the wealthy at a 75% rate, I wonder what will happen there. Oh, wait... I already know!

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