Spitzer - Now You're Talking


By DIA, Section News
Posted on Thu Feb 08, 2007 at 04:38:02 AM EST

In the past I've offered to fully support the Albany Convention Center if the politicians working so hard to spend the public's money on it would agree to each chip in $100K or so of their own money up front. After all, if its such a great investment, why not put their money where their mouth is? Cue crickets. Well, Spitzer apparently made a similar offer this week regarding the comptroller.
The governor then went on to say he had asked lawmakers in recent weeks whether they would let someone who had never invested a penny or made an asset allocation decision or knew the difference between a swap and a derivative to manage their own personal pension account.

“Nobody said yes; nobody,” Spitzer said. “They wouldn’t do it with their money, but they’ll do it with the public’s money. What could be more indicting?”
Indeed. Shelly, Joe and their cast of losers. Suck the public dry while partying it up on our dime. And the joker known as Keith Wright (D-Harlem) needs to be remembered. A guy who recommends that anyone who criticizes the process should resign. Cheering on being the most dysfuctional legislature in the country. Proud moment for Mr. Wright. I wonder if he brags about being part of the legislature to his kids.

"you're the MOST dysfunctional, right, daddy?"

"Tell it, junior, tell it!"

NOTE: All of your local Democratic assemblymen (Reilly, Gordon, McEneney and Canistrari) all went along for the status quo. Got to keep those lulus. That is what is important.

< Comptroller Wanted - No Financial Experience Necessary | Albany County Democratic Humor >

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Spitzer - Now You're Talking | 1 comment (1 topical, 0 hidden)
Other Peoples Money OPM (none / 0) (#1)
by A Muse on Thu Feb 08, 2007 at 12:50:41 PM EST
OPM Other Peoples Money

It is always best to use other people's money.  Why risk your own.  In private industry if you use OPM and screw up you are booted out on your keister (with a million in a severance package).  The stockholders have you replaced.  It is called accountability, a word not familiar to politicians. If there is no venture capital for this project it is most likely a losing proposition.  Mr. Coyne's name rings a bell with me.  How about a written agreement that if it does not turn a profit at the end of year three anyone that supported the project pay of the debit and any future losses.  Those that feel strongly about the success of the project should have no problem signing that agreement.

Spitzer - Now You're Talking | 1 comment (1 topical, 0 hidden)
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