re: Lehman Watch Thread

Also, the blind governor of New York, David Paterson, came out with an usual press conference just this week.

" NY governor gives gloomy outlook on state economy"

quote:

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ALBANY (Reuters) - New York Gov. David Paterson on Tuesday gave a more dire outlook on the state's economy, saying that Wall Street bonuses could be slashed by 30 percent to 40 percent this year and tax revenues on capital gains could also fall much more than he previously estimated.

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The governor, who took office in mid-March, has already pruned $630 million from the current budget and he wants the legislature to slice another $600 million. The state's budget totals around $121 billion, and the shortfalls over the next three years top $26 billion.

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But the best part of the article was undoubtedly this...

quote:

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Paterson stressed how he is assessing the economic outlook, which the Assembly Democrats have said is not as dire. "But sometimes you have to feel it. Like in Star Wars, when Luke flies a plane. Well, the plane is telling me that it's going to get much worse," he said.

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Feel the force, blind governor!!!

Honestly, though, I really like the guy from I know about him. Or maybe that's just in comparison to the former governor he replaced. You know, the Devil.

EDIT: I love this picture by the way...