Economic fun in New York state

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The Amazon pull-out was not the only news item this week - from the New York Post:

Worse than Amazon: Cuomo’s Buffalo Billion just went bust
Amazon’s pullout Thursday wasn’t even the worst economic development news for Gov. Andrew Cuomo this week: Just two days earlier, his economic development czar basically admitted that the gov’s signature Buffalo Billion is a . . . Buffalo Bust.

In testimony Tuesday, Empire State Development boss Howard Zemsky tried to put a positive spin on it, but he acknowledged that Cuomo’s gamble of $750 million in taxpayer funds on a Buffalo solar panel plant has bombed: On its current course, there’s zero sign it can host anything like the promised number of jobs.

More at the article - it closes with these two paragraphs:

And this waste is just a fraction of what’s gone on with the gov’s Andy Land projects. Last year, The Post cited $10 billion in such Cuomo handouts, such as $600 million for a computer chip firm that never opened.

The gov pretends that his deals can make up for New York’s high taxes and burdensome regulations — but the repeated failures of his projects show the opposite.

Emphasis mine - Albert Einstein's quote comes to mind: “The definition of insanity is doing the same thing over and over again, but expecting different results”

Must be nice to have an army of taxpayers footing the bill for your pipe dreams.

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About this Entry

This page contains a single entry by DaveH published on February 17, 2019 9:30 AM.

Well crap - RIP W.E.B. Griffin was the previous entry in this blog.

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