The City of San Francisco used to be a world-class city and a popular tourist spot for Americans. Now it is a dangerous, dirty, and in some parts of town, disgusting home of an NBA dynasty, a beautiful skyline, tens of thousands of people who refuse to work in an office, and a lot of politicians that make very bad decisions.
Pick a day, and you can chronicle some aspect of the city falling apart, and today let’s focus on their economy that could be falling into the Bay. The San Francisco Chronicle’s editorial board wrote about the local economy needing to evolve as fast as possible to avoid what they call a “doom loop,” which will be the by-product of so many employees too fearful or stubborn to work in the office.
Here’s a little taste of what they wrote.
“Experts say post-pandemic woes stemming from office workers staying home instead of commuting into the city could send San Francisco into a ‘doom loop’ that would gut its tax base, decimate fare-reliant regional transit systems like BART and trap it in an economic death spiral.”
When you consider who is running that city, it’s almost impossible to see anything but the very worst-case scenario happening. The socialist and progressive leaders of the city are so short-sighted and ignorant that they might make it happen sooner than later.
The Chronicle went hard at local leaders, blaming them for not seeing the writing on the wall of how business in the city was transitioning during and after the pandemic.
“And so we wasted generous federal COVID emergency funds trying to bludgeon, cajole and pray for office workers to return downtown instead of planning for change. We’re now staring down the consequences of that lack of vision.”
The paper suggested the city start demolishing old and obsolete office buildings for new projects, but to do that, they would need help from a State government of tens of billions in the red.
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