Latest / Sid & Friends In The Morning / Hank Sheinkopf | President at Sheinkopf Ltd. & Veteran Consultant | 07-08-26

Transcript

Hank Sheinkopf | President at Sheinkopf Ltd. & Veteran Consultant | 07-08-26 · Sid & Friends In The Morning

• 0:00
  Speaker 1: The mayor and what's going on in this city. Although
• 0:03
  Speaker 1: he did win, and I've heard Hank Shinkoff say he's
• 0:06
  Speaker 1: pretty good at I guess, getting people to believe what
• 0:11
  Speaker 1: he was selling. Of course, he's a liar. He just
• 0:15
  Speaker 1: is a liar and was starting to see that, I guess.
• 0:18
  Speaker 1: So with that said, here he is become one of
• 0:20
  Speaker 1: my favorite guests on this station. Hank Shinkoff, Hank, good morning, Pyle.
• 0:25
  Speaker 1: How are you?
• 0:26
  Speaker 2: Thank you very much for having me on today. Love
• 0:28
  Speaker 2: to hear your voice.
• 0:29
  Speaker 1: Thank you, man. I love having you on this show too.
• 0:31
  Speaker 1: I appreciate that, Hank, thank you. I want to go back.
• 0:34
  Speaker 1: We'll do this in chronological order, so we'll start with
• 0:37
  Speaker 1: the budget. I had city Councilman Frank Morano on this
• 0:40
  Speaker 1: show earlier. I've been having text conversations all morning long
• 0:44
  Speaker 1: with counsel Lady Vicky Palladino. I love both of them.
• 0:47
  Speaker 1: One hundred and twenty six billion dollars, and we couldn't
• 0:51
  Speaker 1: find a way to add one cop let alone six
• 0:54
  Speaker 1: hundred or a fifth firefighter. There's all kinds of stories
• 0:57
  Speaker 1: about sensitivity training and was men in responsible yes or no?
• 1:02
  Speaker 1: Was Jesse Tish responsible? Yes?
• 1:05
  Speaker 2: Or no.
• 1:05
  Speaker 1: But for me, it all goes back to the mayor.
• 1:08
  Speaker 1: What are your thoughts on this budget and why the
• 1:10
  Speaker 1: city we got the money, we got the money, why
• 1:12
  Speaker 1: couldn't we add one cop?
• 1:15
  Speaker 2: You know? The reality is we don't have the money
• 1:17
  Speaker 2: for anything as a twelve billion dollar budget hole in
• 1:20
  Speaker 2: that budget. A lot of us on the union side
• 1:22
  Speaker 2: have been talking about this for to at least two years.
• 1:25
  Speaker 2: It is a serious problem. The state is going to
• 1:27
  Speaker 2: be in very serious fiscal trouble next year. The city
• 1:30
  Speaker 2: will be in very serious fiscal trouble right after the
• 1:32
  Speaker 2: first year. And this is all nonsense. And what the
• 1:35
  Speaker 2: mayor is going to do is blame the state, which
• 1:37
  Speaker 2: is kind of an idiotic and absurd.
• 1:39
  Speaker 1: Wait, how could he blame the state? Correct me if
• 1:42
  Speaker 1: I'm wrong, Hank you much more than I am. When
• 1:45
  Speaker 1: Kathy Hochel gave him somewhere between a five and eight
• 1:47
  Speaker 1: billion dollar bailout, she.
• 1:49
  Speaker 2: Gave an eight billion dollar bailout. But it's not sufficient
• 1:52
  Speaker 2: to meet the problem. Why Because it keeps adding numbers
• 1:55
  Speaker 2: to existing programs or new programs that aren't necessary. The
• 1:58
  Speaker 2: costs are higher than they should be. He's not setting
• 2:01
  Speaker 2: any place. He's not making room in there for a
• 2:03
  Speaker 2: union contract, which is going to have to do, he said,
• 2:05
  Speaker 2: union contract setting up. There's no new pops of that budget.
• 2:08
  Speaker 2: The costs of that are going to be overwhelming to people.
• 2:11
  Speaker 2: I don't think we understand how seriousness is. And this
• 2:14
  Speaker 2: is not a joke. You can't print money in the
• 2:16
  Speaker 2: base of a city hall. They tried it nineteen seventy four,
• 2:19
  Speaker 2: seventy three, and the end, yourself, was nineteen seventy five,
• 2:21
  Speaker 2: which was the Bank of Sea of New York City.
• 2:24
  Speaker 1: You know, I saw a documentary Hank a couple of
• 2:27
  Speaker 1: days ago because I'm younger, and it was about the
• 2:29
  Speaker 1: Joe Colombo slash Joey Gallo assassinations in New York City,
• 2:34
  Speaker 1: and Joey, of course got murdered outside in Berto's clamhouse.
• 2:38
  Speaker 1: But in that documentary they showed you what New York
• 2:41
  Speaker 1: looked like in that era you're talking about mid nineteen seventies.
• 2:46
  Speaker 1: Just about every week, toll store out of business, building
• 2:49
  Speaker 1: at the building blown out and vacant. I mean, it
• 2:53
  Speaker 1: just looked awful. Are you telling me that's what we're
• 2:56
  Speaker 1: going to look like here in the not so distant future?
• 3:00
  Speaker 2: Know, if that's going to look that way. Sid It's
• 3:01
  Speaker 2: an important question there is. What we are going to
• 3:03
  Speaker 2: have is cuts and services, and we're going to have
• 3:06
  Speaker 2: to have a bail out of some kind. That's a
• 3:07
  Speaker 2: fact of life. The mayor wants that to happen because
• 3:10
  Speaker 2: he can blame the state and the FEDSI he's going
• 3:12
  Speaker 2: to have to go to the federal government or the
• 3:14
  Speaker 2: governor's going to have to impose a financial control board
• 3:16
  Speaker 2: at some point. It just continues, and they won't want
• 3:19
  Speaker 2: to go to the FEDS because they got a problem
• 3:20
  Speaker 2: with Trump and Trump's the only one that can bail
• 3:22
  Speaker 2: them out. You're then have to go to the Fed.
• 3:24
  Speaker 2: Federalis are probably for an instant bailout loan. It's not
• 3:27
  Speaker 2: going to be easy. It's gonna be very, very complicated.
• 3:29
  Speaker 2: The best book to read on the piscoal crisis, there
• 3:31
  Speaker 2: are a lot of them, is a book now by
• 3:33
  Speaker 2: Richard Farley that's out about I guess six eight months
• 3:36
  Speaker 2: and where he talks about the fiscal crisis seven to
• 3:38
  Speaker 2: five and what the implications are. This is very very
• 3:41
  Speaker 2: serious stuff. And those of us who work for you
• 3:43
  Speaker 2: used were involved with you know, I work for a
• 3:45
  Speaker 2: lot of you inscruding cops that gives city detectives, which
• 3:48
  Speaker 2: I'm proud to say this is a very very very
• 3:52
  Speaker 2: very serious issue that no one is paying attention to
• 3:55
  Speaker 2: in the way that they shouldn't. Going to be very sorry.
• 3:57
  Speaker 1: Yeah, I know I know the cop union's hand because
• 3:59
  Speaker 1: I'm very close with Scott Monroe, he runs the DEEA,
• 4:03
  Speaker 1: even the retired detectives. I'm very very close, as you know,
• 4:06
  Speaker 1: with Vincent Ballalang, he runs a sergeant's union. So I
• 4:09
  Speaker 1: know the cops unions hate him. They hate them. I'm
• 4:11
  Speaker 1: going to say it. They won't. Maybe they will, they
• 4:14
  Speaker 1: hate them, but the rest of the unions around the city.
• 4:17
  Speaker 1: I had a guy in here forgot his name already,
• 4:19
  Speaker 1: you know, people love him. He's in charge of like
• 4:21
  Speaker 1: the horse and buggies in transportation, and he was trying
• 4:24
  Speaker 1: to sell me on mom Donnie, and nearly kicked him
• 4:25
  Speaker 1: out of the studio before Ma'm Donnie even won. So
• 4:29
  Speaker 1: you tell me, Hank on the whole, how do unions
• 4:32
  Speaker 1: feel the majority about this?
• 4:34
  Speaker 2: Mayor? Looks they have to come in for contract negotiations
• 4:37
  Speaker 2: after the first year. Some of those contracts are up
• 4:40
  Speaker 2: sooner than others. But again if you look at the
• 4:42
  Speaker 2: votes on the mayor's decision not to fund tensions going forward,
• 4:46
  Speaker 2: which he did, which is very dangerous. It happened, I
• 4:48
  Speaker 2: think in seventy three, and it was one of the
• 4:51
  Speaker 2: factors that led to the pistol prices in the city
• 4:53
  Speaker 2: bankruptcy in seventy five, for which in many ways we've
• 4:56
  Speaker 2: not recovered. The city University doesn't belong to the city.
• 4:59
  Speaker 2: At community College don't belong to the city with their
• 5:01
  Speaker 2: own problems. The hospital assistant really doesn't belong to the
• 5:05
  Speaker 2: city anymore. I mean, we have pre setting health cutics,
• 5:08
  Speaker 2: we have free university. I mean, we had a lot
• 5:10
  Speaker 2: of things that created the middle class that's gone. So
• 5:13
  Speaker 2: if you want to look to the crisis that we've
• 5:15
  Speaker 2: created that we have in front of us about the portability,
• 5:18
  Speaker 2: look to seventy five and bad management by politicians. I
• 5:21
  Speaker 2: work for a lot of other minutial years of LIU,
• 5:23
  Speaker 2: the local two thirty seven Sieveserason, which I'm proud to
• 5:25
  Speaker 2: have done that for a long time. And I can
• 5:27
  Speaker 2: tell you just talking to people that they know they've
• 5:30
  Speaker 2: got to go to contract negotiation next year. So not
• 5:32
  Speaker 2: going to take them online public but this is not
• 5:34
  Speaker 2: a good set of circumstances.
• 5:36
  Speaker 1: Really, Shankkopio and Hank, I'm reading this morning about all
• 5:40
  Speaker 1: these vacant stabilized apartments in the thousands, maybe as many
• 5:45
  Speaker 1: as seven thousand, and then he got his wish about
• 5:48
  Speaker 1: freezing the rents. And I'm not a real estate person,
• 5:51
  Speaker 1: I'm not that smart. But smarter people than me, you're
• 5:53
  Speaker 1: telling me that will absolutely lead to a disaster in
• 5:58
  Speaker 1: terms of the financial implications. So you tell me those
• 6:02
  Speaker 1: two things, how bid of those for the city.
• 6:05
  Speaker 2: You can't do the kind of things he's doing in
• 6:07
  Speaker 2: the way he's doing them and expect they to be
• 6:09
  Speaker 2: good outcome. It doesn't work that way. There are other
• 6:12
  Speaker 2: ways to create affordable housing. Rather than going into present
• 6:16
  Speaker 2: housing supply and destroying it. You should come up with
• 6:19
  Speaker 2: all kinds of tax incentives help landlords upgrade properties. What
• 6:23
  Speaker 2: you're going to have is a real extish because the properties,
• 6:29
  Speaker 2: the repair, the constant upkeep. Guess what if you cut
• 6:32
  Speaker 2: if you cut income, where do you think the money's
• 6:35
  Speaker 2: going to come from to do the repairs and keep
• 6:37
  Speaker 2: up those properties in the way that you need. It
• 6:39
  Speaker 2: doesn't come out of the air insurance costs cous are up,
• 6:42
  Speaker 2: fuel costs are up, profit marches are likely down over all,
• 6:46
  Speaker 2: and demand is high. So what if people expect that
• 6:49
  Speaker 2: You can blame the great generation that thinks that somehow
• 6:52
  Speaker 2: they've been done a dirty service, even though they haven't
• 6:54
  Speaker 2: lived that long to do any service. They're great jeger
• 6:57
  Speaker 2: of buyers for what we're experiencing this summer spent. If
• 6:59
  Speaker 2: you look at the neighborhoods that they've gentrified, including portions
• 7:02
  Speaker 2: of Washington Nights where it's a spy, I lost that
• 7:04
  Speaker 2: election two weeks ago, right, you look at that area,
• 7:07
  Speaker 2: what you see as people who've never born a burden
• 7:09
  Speaker 2: or paid a price suddenly tricing everybody else out Bushwick
• 7:12
  Speaker 2: Jito on on on on the great Park Slope renewal
• 7:15
  Speaker 2: of fifty to sixty years. They priced people out, the
• 7:18
  Speaker 2: blue collar working class that lived in neighborhoods like that
• 7:20
  Speaker 2: is going. So what are we talking about?
• 7:23
  Speaker 1: You're right, it is gone park Slope and dumb boll
• 7:25
  Speaker 1: all those fancy brook the neighborhoods, and may as well
• 7:27
  Speaker 1: call that Manhattan. There's point. Let's be honest, you know, yeah,
• 7:30
  Speaker 1: I mean they started like too many, you know, I
• 7:33
  Speaker 1: had Bruce Plateman back on the show yesterday. Bruce and
• 7:35
  Speaker 1: I are very close, very we speak every day, and
• 7:38
  Speaker 1: I believe I was either the first or second person
• 7:41
  Speaker 1: even told getting back a year ago he's gonna run
• 7:43
  Speaker 1: for governor and know you keep hearing, and I brought
• 7:46
  Speaker 1: this up to him, was it's a lot of pressure
• 7:48
  Speaker 1: that the only way the state survives is if he wins.
• 7:51
  Speaker 1: Because the current governor, Hank Kathy Hukel, is scared to
• 7:55
  Speaker 1: death of mom Donnie. And even though she says a
• 7:58
  Speaker 1: lot of things now which you'll kind of disagree with,
• 8:01
  Speaker 1: Mam Donnie, the consensus is if she wins, they'll be
• 8:05
  Speaker 1: like two peas in a pod. Do you agree that
• 8:08
  Speaker 1: Bruce Blakeman may be the only savior for the state.
• 8:11
  Speaker 2: Well, let's go back. Here's here's some of the realities.
• 8:15
  Speaker 2: The DSA, and they're not Democrats as socialist and who
• 8:18
  Speaker 2: knows what they really are, has a simple plan, which
• 8:20
  Speaker 2: is take over the legislature, control the reapportionment in twenty
• 8:24
  Speaker 2: twenty eight, ultimately get enough people in Congress to make
• 8:27
  Speaker 2: sure that they can change the Constitution of the United
• 8:29
  Speaker 2: States to make Mandani or someone like that. The President
• 8:32
  Speaker 2: it's not born in this country, and they can't do it.
• 8:34
  Speaker 2: You're in the latterally, So they've got to change the constitutions.
• 8:37
  Speaker 2: That's the long term plan. Destroy the economy, and destroy
• 8:40
  Speaker 2: the State of Israel and democracies throughout the world. That's
• 8:43
  Speaker 2: the job question. So they're going to get to do it.
• 8:45
  Speaker 2: New York State is ground zero. The money is here,
• 8:47
  Speaker 2: the actions here, the media is here. So what you
• 8:50
  Speaker 2: want to do is you want to destroy the state. Now,
• 8:51
  Speaker 2: if you don't have somebody who's going to stop him,
• 8:53
  Speaker 2: we're going to stand up to him. Or isn't afraid
• 8:55
  Speaker 2: of being elected, or legislature that's not afraid of being
• 8:58
  Speaker 2: re elected, going to have a disaster, that's the bottom line.
• 9:03
  Speaker 2: Otherwise it's fooling themselves. They're absolutely fooling themselves.
• 9:07
  Speaker 1: Why do you think my friend President Trump has chosen
• 9:10
  Speaker 1: this path where he goes out of his way to
• 9:12
  Speaker 1: compliment mom Donnie. There's got to be a great plan,
• 9:15
  Speaker 1: some chess game he's playing. I love Trump, you know,
• 9:17
  Speaker 1: I do, Hank, and I felt badly criticizing him, but
• 9:20
  Speaker 1: I do. I'm trying to figure out why do you
• 9:22
  Speaker 1: think he does that?
• 9:24
  Speaker 2: Look, it's really simple Yeah, the city's going to have
• 9:29
  Speaker 2: to come back to the president if this continues in
• 9:32
  Speaker 2: the way that we suspect it will, to prebail out.
• 9:35
  Speaker 2: Trump is in charge of this game, and what he's doing.
• 9:37
  Speaker 2: His taking telling this nice young fella who has no
• 9:40
  Speaker 2: experience of doing anything except for growing up. He's telling
• 9:43
  Speaker 2: him that, By the way, fella, I'm really in charge
• 9:46
  Speaker 2: or not. So smile, tap dance, have a good time.
• 9:49
  Speaker 1: I think you're right. No, I think that's probably it.
• 9:52
  Speaker 1: Don't forget I'm the boss. On the way out. I
• 9:55
  Speaker 1: know you saw all the speeches on Saturday, the July
• 9:58
  Speaker 1: fourth speeches, so waiting two fifty. I thought Trump was great.
• 10:02
  Speaker 1: I thought Phoebe from Israel was great. But the darkest,
• 10:05
  Speaker 1: most depressing, and most difficult speech to watch, including the
• 10:09
  Speaker 1: nine people around them, was mom Donnie with George Washington's
• 10:13
  Speaker 1: desk backwards, which.
• 10:15
  Speaker 2: Obviously wasn't the stay this kid has had. Was the
• 10:17
  Speaker 2: day he was brought into the earth. His father and
• 10:20
  Speaker 2: his mother and he lived in essentially taxed subsidized housing
• 10:23
  Speaker 2: at Columbia where no taxes are paid at lower rates,
• 10:26
  Speaker 2: making a lot of money. She's famous. She tried to
• 10:29
  Speaker 2: block the algadat from appearing at the Academy Awards because
• 10:32
  Speaker 2: she's a big player in Hollywood. Now, you know, what
• 10:35
  Speaker 2: are we talking about? This kid's self estake was the
• 10:37
  Speaker 2: day he was born. Doesn't he doesn't know what it
• 10:39
  Speaker 2: means to put a callous on his hand. He has
• 10:41
  Speaker 2: no idea what it means to work behind the counter
• 10:43
  Speaker 2: to your seat fleet. He's got no idea what it
• 10:45
  Speaker 2: means to book walker be but touch somebody, put your
• 10:47
  Speaker 2: life in danger for which you think is right? Who
• 10:50
  Speaker 2: are we talking about? What are we talking about?
• 10:53
  Speaker 1: But then with all this generation Nina? But then with
• 10:55
  Speaker 1: all this gloom and doom that you're predicting and I
• 10:57
  Speaker 1: agree with and every smart person agrees with, that's why
• 11:00
  Speaker 1: people are leaving or moving their businesses. Well, how do
• 11:03
  Speaker 1: you stop them? You can't just chalk it up to
• 11:05
  Speaker 1: inexperience or he's a kid. How do we stop The.
• 11:09
  Speaker 2: Only people that can stop this are the people that
• 11:13
  Speaker 2: have some ability to threaten people and force them to
• 11:16
  Speaker 2: do the right thing, and that is that those are
• 11:18
  Speaker 2: the municipal unions and the private sector unions. We're going
• 11:21
  Speaker 2: to have to if they want to see the place survive.
• 11:23
  Speaker 2: They're gonna have to stand up and say, wait a second,
• 11:25
  Speaker 2: we're gonna go to war with you, and we're gonna
• 11:27
  Speaker 2: use whatever resources we have because they're expecting they can
• 11:30
  Speaker 2: do contracts next year. He's not gonna have the money.
• 11:34
  Speaker 2: It's not there. You can't do a deal with somebody
• 11:36
  Speaker 2: who has not a dime to spend. And that's the
• 11:39
  Speaker 2: reality that the unions are going to have to face.
• 11:41
  Speaker 2: They're the only ones who had stopped this the same
• 11:43
  Speaker 2: way they save the city in seventy five. And I'm
• 11:45
  Speaker 2: not talking about a bail at this time. I'm talking
• 11:47
  Speaker 2: about standing up and saying, listen, Mayor, your blood in
• 11:50
  Speaker 2: the budget. You're not creating jobs, and you're gonna put
• 11:53
  Speaker 2: us out of business system. You're gonna put us all
• 11:57
  Speaker 2: out of business. That's what they have to do and
• 11:59
  Speaker 2: ultimately make They will if we're lucky. If not, the
• 12:02
  Speaker 2: business community will say thank you, New York, have a
• 12:04
  Speaker 2: good time because they don't have to stay here anymore. Yeah,
• 12:07
  Speaker 2: in seventy five, unicipal bonds mattered, right, You had smaller
• 12:10
  Speaker 2: banks and a lot of their You had banks first
• 12:12
  Speaker 2: of all, and a lot of their income came from
• 12:15
  Speaker 2: city municipal paper it's not the case anymore. The people
• 12:19
  Speaker 2: are deluding themselves. The entire systems has changed. So I'm
• 12:22
  Speaker 2: looking for the Union guys to stand. I'm going to say,
• 12:23
  Speaker 2: wait a second, Mayor, you can't do this. We're not
• 12:26
  Speaker 2: gonna let you. And by the way, we're gonna fight you.
• 12:28
  Speaker 2: If they do, we win, and if they don't, well,
• 12:30
  Speaker 2: the city loses big time.
• 12:32
  Speaker 1: Ouch. Well, Hank shink Coff, you will you au terrific.
• 12:35
  Speaker 1: I tell you that every time.
• 12:36
  Speaker 2: But you are.
• 12:36
  Speaker 1: You're great, and you provide a perspective that's really smart
• 12:40
  Speaker 1: that a lot of folks in the city don't look at.
• 12:42
  Speaker 1: So I really appreciate when you come on. Thank you
• 12:44
  Speaker 1: so much, great up for today, Thank you so much,
• 12:46
  Speaker 1: Thank you said all the best. God bless you. Hank
• 12:48
  Speaker 1: Shinkoff right there, that guy's great.
• 12:50
  Speaker 2: He is.
• 12:51
  Speaker 1: He's probably right the unions. That's it. It's not another politician.
• 12:56
  Speaker 1: It's not me, and I had to think that I
• 12:59
  Speaker 1: can help make this guy's life miserable. I think I've
• 13:02
  Speaker 1: done a little bit of that, maybe even more than
• 13:03
  Speaker 1: a little, but in the end to really change things.
• 13:06
  Speaker 1: I'm talking about make the city healthy. Hank Shankoff is right.
• 13:11
  Speaker 1: It's got to be the unions got to step up
• 13:15
  Speaker 1: and tell this guy, like Roberto duran One said, as
• 13:18
  Speaker 1: you remember well, lewis no Moss. You remember it, no Moss.
• 13:24
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• 13:27
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• 13:49
  Speaker 3: time for a new episode, so you never have to
• 13:52
  Speaker 3: wonder
• 13:52
  Speaker 1: What the heck is going on here