Obama: Upstate(NY)in
permanent recession
Business First of Buffalo - The Albany Business Review
In his half-hour speech, Obama noted the plight manufacturing
has faced in upstate New York. Over the past 20 years,
the state has lost half its manufacturing positions—
a drop of almost 500,000 jobs.
“Communities like this were once the heart of America’s
manufacturing strengths,” Obama said. “Troy and
Upstate New York have been dealing with what amounts
to a permanent recession for years.”
http://buffalo.bizjournals.com/buffalo/stories/2009/09/21/daily9.html?ana=from_rss
Kliphnote:
This is what than Attorney General Eliot Spitzer said:
Comparing upstate New York's sputtering economy to Appalachia. 2006
NY Governor Hugh Carey gave Buffalo money after
the "blizzard of 77'" calling the area "economically depressed".
That was in 1977.
Now the president of the US, Obama, is saying the same thing.
And guess what? Taxes keep going up. Just unbelievable.
I just drove through the southern states.
I saw three new (Kia, Hyundai, and Nissan ) auto plants.
Why are there new plants down south but no new plants up north?
Part of the reason is unions, but the other part is because of taxes.
Tax free and tax breaks. Southern states give
$100s millions in tax breaks to business.
NY keeps increasing taxes. And they wonder why
Upstate is in a "permanent recession". For well over 30 years.
I don't mind helping the helpless,
but I do mind helping the clueless.
And NY State is clueless.
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