Welcome to Extreme Investor Network, where we bring you in-depth analysis and unique insights into the world of economics. Today, we delve into the current state of two major cities in the United States – Chicago and Las Vegas.
While the Democratic National Convention in Chicago focuses on defeating Trump, climate change, gun control, and abortion, there are pressing issues being ignored. The Biden-Harris Administration’s failure to create new jobs outside of the public sector has left Chicago and Las Vegas tied for the highest unemployment rate in the nation at 6.2%. Detroit follows closely with a rate of 5.2%, well above the national average of 4.3%.
Chicago, once promised to become the most pro-worker city under Mayor Brandon Johnson, now has nearly 100,000 residents out of work. Businesses and individuals are fleeing both Chicago and Las Vegas due to rising crime rates and economic instability. In fact, crime in Chicago has surged by 82% in the past two years, leading to considerations of city-run grocery stores to combat food deserts left by fleeing businesses.
Both cities have become sanctuary cities, unable to manage their own population while opening their doors to individuals reliant on government assistance. The exodus of over 87,000 residents from Illinois last year, along with $10 billion in income, highlights the detrimental effects of current policies. Corporations are leaving for more business-friendly states, taking jobs with them and exacerbating the poverty and crime in these once vibrant cities.
As these cities struggle with economic downturns and soaring crime rates, it is crucial to address the real issues plaguing the nation rather than focusing solely on political talking points. At Extreme Investor Network, we aim to provide you with the unique insights and valuable information you need to navigate the ever-changing economic landscape. Stay tuned for more analysis and updates on key economic issues affecting investors and citizens alike.