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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: commonone ✹✹ HONORARY
SHREWD
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Number: of 86289 
Subject: Re: NY Loses $1 Trillion In Wall St Business
Date: 08/21/23 9:32 PM
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LurkerMom: Nearly 160 Wall Street firms have moved their headquarters out of New York since the end of 2019 ... So sad, too bad. Biden and liberal policies are destroying New York.

There's that blind hatred.

Or did you forget who was president in 2019 and 2020?

From your article:

Icahn Capital Management ' headed by billionaire corporate raider Carl Icahn ' is among the most prominent firms to decamp to the Sunshine State. In August 2020, the firm ditched his posh Manhattan digs...

And...

Meanwhile, hedge-fund tycoon Paul Singer's Elliott Management ' which commandeers a total of $59.2 billion after shaking up investment targets including AT&T, Twitter and the government of Argentina ' moved its headquarters from Midtown Manhattan to West Palm Beach, Fla., in October 2020.

And...

Charles Schwab, which oversees more than $7 trillion in assets, officially re-designated its headquarters from San Francisco to Westlake, Texas, outside of Dallas after it acquired TD Ameritrade in 2020.

So, when these firms were bailing out of New York when your Lord and Savior was president, was that "Biden and liberal policies" destroying New York?

Still, in 2022...

Last year, Wall Street accounted for 16% of all the economic activity in the city and 7.3% of economic activity statewide. The latter figure is the highest in the nation by far, towering above the national average of just 1.7%

So, last year, Joe Biden was president, right?
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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