Spitzer's campaign speech

Eliot Spitzer tells W$J readers why he has been good for American business, and indirectly why NY voters should elect him governor for his good deeds, which he sees as comparable to the work of Bobby Kennedy and Teddy Roosevelt. 

Spitzer’s most highly publicized work, e.g., on Grasso and mutual funds, has been questionable policy, as I discuss here and here. But the main problem is that he has sought to regulate the nation's business from his perch in NY, using the threat of criminal penalties and a large megaphone to bludgeon entire industries.

If Spitzer gets his wish, at least he will be in a job whose effects are felt mostly by those who elected him. The downside is that his success will serve as a model for others.

Comments

[Neo]

I have never liked that fact the while Eliot Spitzer claims to be "protecting investors", the net result of his efforts always seems to be the enhancement the treasury of New York State. That might be a good reason for New Yorkers to vote for him, but for the truth to be told that he is really the bane of the other 49 states.
When one of the big investment houses finally moves their entire headquarters to North Jersey to escape Eliot Spitzer's legal version of extortion, the treasury, and all New York taxpayers, will take the hit.