Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

New York Gov. Cuomo to state Economy: "Drop Dead"
Reason.com ^ | July 22, 2015 | Nick Gillespie

Posted on 07/23/2015 7:53:00 AM PDT by Fitzy_888

Byline (Cuomo Quote): "This is just the beginning. We will not stop until we reach true economic justice."

Getta load of Andrew Cuomo, the governor of the once-great state of New York. For the first time ever, reports Business Insider, a U.S. state "may single out one industry for a big wage hike."

Under a plan approved by New York's Fast Food Wage Board, a $15-per-hour minimum wage would be phased in over three years in New York City and six years across upstate New York, whose economy has long been the American equivalent of East Germany. The mandate would apply to any restaurant chain with 30 or more locations in the state.

Speaking at a rally in Manhattan, Cuomo pledged that he's just gettin' started:

"You cannot live and support a family on $18,000 a year in the state of New York — period....This is just the beginning. We will not stop until we reach true economic justice."

The legal status of the diktat is not immediately clear. Cuomo created this particular board after failing to push a broader minimum wage hike through the legislature. Chains are expected to fight the rules, which single them out for particular treatment.

Remember that Cuomo is the economic wizard behind Start-Up New York, a program that lures companies to the Empire State with tax breaks and other incentives. Earlier this year, Matt Welch noted that the program spent $28 million in advertising alone while creating "maybe" 76 jobs. Welch also pointed out that Cuomo, after dithering, locked down Yoko Ono's vote by ruling against fracking in upstate, where it might have actually brought some economic vitality. Upstate New York remains one of the great wasted opportunities in the country. It's a phenomenally varied, beautiful, and populated chunk of real estate with more mountains, lakes, rivers, and history than any single state deserves. Yet going back 60 or more years, it's been an economic slide area and nobody seems willing to actually deregulate the place so that it might become the East Coast's answer to the inter-mountain West.

Fucking up New York runs in Cuomo's blood, of course. His father Mario, a legendary three-term governor who helped drive the state into the ground, left "a meager legacy" of debt and unsustainable programs. Cuomo fils entered the governor's mansion in Albany in 2011 amid assertions that he would kneecap unions that were driving up spending, reduce business regulations and red tape, restrain taxes of all sorts, and deliver "jobs, jobs, jobs."

Reality begs to differ. Earlier this month, two reports summarized in The New York Post noted that:

// The Mercatus Center at George Mason University rankedthe state’s economic health at 46th in the nation, barely ahead of Connecticut (47th) and New Jersey (49th).

In particular, the survey cited New York’s low cash solvency — barely sufficient cash to cover short-term spending — as well as its long-term liabilities and ability to meet those spending commitments.

At $2,946 per capita, the state’s debt load is more than 50 percent higher than the national average, $1,824 per person.

All of which echoes warnings from a host of local fiscal watchdogs.

Meanwhile, the National Association of State Budget Officers reports that New York’s general-fund spending is rising by 11.8 percent — highest in the nation. //

Not to worry, dear New Yorkers, not to worry. Andrew Cuomo is pushing for a stupid and ill-conceived tax on fast food via a historic tax on a vilified industry. Never mind that such magical thinking won't work, for the simple reasons that mandating price hikes tends to discourage demand. He will not rest until he has reached "true economic justice." Which, alas, will likely mean everyone being equally poor.


TOPICS: Business/Economy; Editorial; News/Current Events; US: New York
KEYWORDS: cuomo; fastfood; minimumwage; ny

1 posted on 07/23/2015 7:53:00 AM PDT by Fitzy_888
[ Post Reply | Private Reply | View Replies]

To: Fitzy_888

Dropping in the polls, US Attorney on his ass, time to go full commie.


2 posted on 07/23/2015 7:54:57 AM PDT by headstamp 2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fitzy_888

Marxism, the Great Destroyer of Nations, is quite well entrenched in New York, thank you.


3 posted on 07/23/2015 7:56:10 AM PDT by Jack Hammer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fitzy_888
Jobs at fast food joints are not intended for family raising folks. They're supplements for teens and the elderly.

Is this Michelle's idea to kill this business?

4 posted on 07/23/2015 7:56:56 AM PDT by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jack Hammer

The manufacturing renaissance that could have taken place in upstate NY due to fracking would have been incredible.

I remember being up there in the Tri Cities area on the southern tier during the economic boom of the 90’s.

Place was an economic disaster back then too.


5 posted on 07/23/2015 7:59:16 AM PDT by headstamp 2
[ Post Reply | Private Reply | To 3 | View Replies]

To: Fitzy_888
Is Andrew Cuomo trying to drive New York state to Chapter 9 state finance bankruptcy? He's sure doing a swell job attempting this.

Meanwhile, Ohio and Pennsylvania are enjoying economic renaissances because fracking to get natural gas has dramatically improved the economies in both states. Even Cleveland, OH is starting to revive because of industries that support natural gas drilling are starting to be based in that city.

6 posted on 07/23/2015 8:05:04 AM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fitzy_888

Isn’t this always the way? Cuomo is worth millions as well as all the women he hangs with; if they are so concerned about the poor why don’t they give them their millions?


7 posted on 07/23/2015 8:05:57 AM PDT by rey
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fitzy_888
My old stomping grounds have taken a beating (southern tier). Moved on in the USAF, but now still in NY.

Soon though. Gonna sell the digs, hop in the motorhome and blow this Popsicle stand.

Government and NYC have wrecked this state.

8 posted on 07/23/2015 8:18:03 AM PDT by onona (If I agree with something Donald says in a forest, and no one hears, am I still a "Trumper" ?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: onona

I left in 1981…best thing I ever did….my hometown Schenectady looks like Detroit…when I was growing up it was the town that light and hauled the world…

http://www.thegatewaypundit.com/2015/07/tech-company-develops-robots-to-replace-15-hr-workers-can-produce-1-burger-every-10-seconds/


9 posted on 07/23/2015 8:22:19 AM PDT by Hojczyk
[ Post Reply | Private Reply | To 8 | View Replies]

To: Fitzy_888

And my wife wonders why I refuse to move back to New York.


10 posted on 07/23/2015 8:32:30 AM PDT by ctdonath2 (The world map will be quite different come 20 January 2017.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fitzy_888

As a percentage of the work force, how many people are working at these lower minimum wage jobs? What is the make up of these people - university student or true low skilled workers? Does the wage consider the amount made in tips? I am just not sure the gov. is going down the right path here.


11 posted on 07/23/2015 8:34:18 AM PDT by hawkaw
[ Post Reply | Private Reply | To 1 | View Replies]

To: ctdonath2

why does ANYONE do business in NY?

The government is toxic. Taxes are suicidal.

Even wall street computers are located in NJ.


12 posted on 07/23/2015 8:39:23 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 10 | View Replies]

To: hawkaw

It applies to (evil) “Fast Foot” chains with at least 30 locations in the state.

You’ll be ordering and playing at a touch pad soon.

Ordering Fast Food Japanese Style!
http://youtu.be/PldaAuGVbQ8

=> Congratulations....your laid off!


13 posted on 07/23/2015 8:42:54 AM PDT by Fitzy_888 ("ownership society")
[ Post Reply | Private Reply | To 11 | View Replies]

To: Fitzy_888

Make that “Fast Food” and. “Paying”.

(Darn phone)


14 posted on 07/23/2015 8:44:47 AM PDT by Fitzy_888 ("ownership society")
[ Post Reply | Private Reply | To 13 | View Replies]

To: Sacajaweau

My first job was at McDonalds. I think I was barely 13. Was for the Summer. Everyone there was 18 and under.

Some stayed with McDonalds and are now millionaires. Contrast this now with just about ALL the fast food chains are hiring people in thier 40s and older, and they all look unhealthy.

This is the surest fastest way to speed up the self ordering or robot food server in the industry.


15 posted on 07/23/2015 8:49:20 AM PDT by nikos1121 ("The enemy of your enemy is your enemy!" B. Netanyahu)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Fitzy_888

Andrew Cuomo’s property-tax dodge

http://nypost.com/2014/06/13/andrew-cuomos-property-tax-dodge/


16 posted on 07/23/2015 9:16:47 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fitzy_888

I hope he achieves economic justice at an accelerated pace, in NY. Bring the whole system down there, too!


17 posted on 07/23/2015 9:25:09 AM PDT by SgtHooper (Anyone who remembers the 60's, wasn't there!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RayChuang88
Fracking has done great things for Ohio. So has Gov Kasich. Former bad joke Cleveland is on the way--old downtown office buildings are being restored and converted to upscale residential as fast as the developers can raise the money, and they all have waiting lists as soon as they open a rental office. Actual downtown population has grown by thousands in the last few years.
18 posted on 07/23/2015 6:03:44 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 6 | View Replies]

To: hinckley buzzard
In fact, it's getting to the point that a lot of supposedly abandoned parts of Cleveland may starting filling in with new housing, if not a lot of restored old housing.

Indeed, we'll see even more natural gas being produced because of two factors: natural gas burns far more cleanly than gasoline or diesel fuel (emission controls on natural gas-fired power plants are vastly less expensive to implement) and they can now make gasoline and diesel fuel from natural gas at very competitive prices and in a form that is far less harmful to the environment because there are very little of the impurities from natural gas-derived gasoline and diesel fuel that cause a lot of the pollution problems you get with crude oil-derived motor fuels. Why do you think China signed that US$400 billion, 30-year deal to import natural gas from Russia? That will allow China to phase out most of their highly-polluting coal-fired power plants, which will tremendously help clear up the air in their cities.

19 posted on 07/23/2015 10:18:47 PM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 18 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson