ALBANY — Gov. Eliot Spitzer’s $2 billion stem cell initiative is getting a cool reception in the Assembly. Specifically, Assemblyman Richard L. Brodsky, below, raised a number of red flags about the proposal in an address this month to fellow Assembly Democrats and in a memo he sent to the Spitzer administration. “Much of this is garden-variety economic development pork that’s hiding behind stem cells,” Mr. Brodsky said. As chairman of the Assembly’s Committee on Corporations, Authorities and Commissions, Mr. Brodsky would have oversight over the new public benefit corporation that would be created under the proposal. Mr. Brodsky’s teenage...