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BobStein_FT's profile
Robert Stein
Robert Stein
Robert Stein
@BobStein_FT

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Robert Stein

@BobStein_FT

Deputy Chief Economist, First Trust Advisors; former Chief Economist at Senate Budget; former DAS for MacroEcon at Treas Dept; class traitor; knee-jerk heretic

Vienna, VA
ftportfolios.com/retail/blogs/e…
Joined December 2011

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    1. Riva‏Verified account @rivatez 30 Oct 2020

      Been in SF for 2 hours and it’s heartbreaking. Streets lined with people keeled over, worse than ever. Drugs everywhere. I step into one store where a shoplifter gets caught and beats up a cashier until the police come. Heading back to the airport. Congrats @chesaboudin!

      318 replies 978 retweets 4,912 likes
      Show this thread
    2. Moses Kagan‏ @moseskagan 30 Oct 2020
      Replying to @rivatez @chesaboudin

      No government that fails to maintain civic order can remain legitimate for long in the eyes of its citizens.

      9 replies 5 retweets 161 likes
    3. Mike Chowla‏ @mchowla 30 Oct 2020
      Replying to @moseskagan @rivatez @chesaboudin

      Feels like SF is has been well past the point of failing to maintain civic order for sometime. And the voters there instead of changing course, elect a DA who doesn’t believe in prosecuting criminals.

      4 replies 6 retweets 93 likes
    4. Moses Kagan‏ @moseskagan 30 Oct 2020
      Replying to @mchowla @rivatez @chesaboudin

      The further it goes, and the longer it goes on, the sharper the backlash will be. I just barely remember pre-Giuliani NYC... it was really scary, and eventually the citizens had enough.

      1 reply 0 retweets 8 likes
      Robert Stein‏ @BobStein_FT 30 Oct 2020
      Replying to @moseskagan @mchowla and

      The difference: many of those who got fed up in NYC were parents w/ kids in the home or older residents in long-term rent-controlled apartments who feared for their lives. I’m guessing San Fran has a much lower % of parents and the old have sold out for big $ and left the city.

      6:12 PM - 30 Oct 2020
      • 2 Likes
      • Denae Neon Gray-kinda boring, somewhat chubby superhero
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Moses Kagan‏ @moseskagan 30 Oct 2020
          Replying to @BobStein_FT @mchowla and

          I take your point, and I think the backlash might take longer to arrive bc SF lacks some of those factors. But it will come; it's an iron law of history that people will not tolerate disorder indefinitely.

          1 reply 0 retweets 4 likes
        3. Robert Stein‏ @BobStein_FT 30 Oct 2020
          Replying to @moseskagan @mchowla and

          I’m less certain that an Iron Law dictates a backlash. When was there backlash in Detroit? Instead, it just became unlivable for the middle class and above, they left, and that was the end of the that.

          1 reply 0 retweets 2 likes
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