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Blame Wall Street, not one-party rule

Blame Wall Street, not one-party rule

Nicole V. Clarke, Hagaman

 

Since the recent disbanding of the Independent Democratic Conference (IDC), Sen. James Tedisco and many of his Republican colleagues in the state Senate have begun talking about the horrors of one-party rule, claiming the disastrous 2009 New York state budget stemmed from such an imbalance. 

In fact, New York state faced colossal challenges in 2009, completely independent of its ruling political party. Has Sen. Tedisco seriously forgotten about Wall Street’s self-induced financial meltdown in September 2008? Does the Great Recession come to mind? When New York state lawmakers passed the state budget in 2009, there were few options available to them, as the country’s banking and insurance industries had already abused lax financial controls to crash the nation’s economy. 

Sen. Tedisco insults us by claiming 2009’s budget problems stemmed from anything other than Wall Street greed and the crisis it created.

Nicole V. Clarke

Hagaman

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