Paterson Points Out Wall Street Bonus Upside

2009_09_paterhl.jpg Perhaps trying to tweak his rumored 2010 rival Attorney General Andrew Cuomo, Governor Paterson said yesterday that maybe Wall Street bonuses aren't so bad. The Daily News reports that over the past few days, the governor has said things like "At the end of the day, when they shut those bonuses down, they were shutting New York State down... That's where we got our taxes," "I understand why the President is mad, but there are actually New York State officials screaming about the bonuses [and] they're killing our tax money...I'll bet if they knew that, they'd stop saying it," and "I'm not saying that anyone did or didn't deserve those bonuses, I'm saying New York State deserves its taxes." Of course, Cuomo has delivered blistering criticism of executive compensation over the past half year. Democratic strategist Hank Sheinkopf tells the News that if this is Paterson's way of winning support, it's a terrible idea: "If you said to the average New Yorker, 'Let's have pity for Wall Street guys,' they'd say: 'Are you kidding? Let's hang 'em.' Going after AIG and Wall Street is a lot more popular than worrying about state tax dollars."

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Comments (6) [rss]

Well managed companies that perform well give bonuses, especially when they keep their heads above water in a bad economy. This speaks volumes about hired talent.
Employees of those companies deserve every dollar.

Mismanaged companies, however, should drown.

It's a little unfair when someone makes an ignorant generalized comment about 'bonuses on wall street'. They have no idea how things work there, and blissfully perpetuate rants about unjustness. Paterson mostly right here. (no not right there, over here!)

what patterson is saying here is ...."we're on the payroll, so even if wall street executives are corrupt, it doesnt matter, cause they're paying us off."

fck wall street - and tripe like this 'Well managed companies that perform well give bonuses' hahahaha

We categorize people like you in the business-neutered section. Oblivious and proud.

Kudos Patterson.
Blissfully ignorant "average new yorker" desire all amenities free and government should pay for it all. Where does the government obtains the money from? That's right - taxing the rich.

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