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Andrew Cuomo? We're All @#cked...
by: user

One of my colleagues on the YRNetwork posted a news article, stating that although Rudy Giuliani would not run for the Governorship of New York in 2010, he would leave open the possibility of running for the Senate. This would leave the state's Attorney General, one Andrew Cuomo, to run against the politically weak and increasingly unpopular David Paterson, who took office after the scandals of Eliot Spitzer.

http://www.nypost.com/p/news/local/giuliani_decides_against_running_b2QbnZAG84Ta90xoAqVlXI

I don't speak for any Republican group and my opinion is my own, but I believe this is a mistake.

If left alone, Andrew Cuomo has an excellent chance of going after and taking the seat of Governor of New York in 2010. But one glance at Cuomo's career begs the question as to whether this man should continue to service the public in any political capacity.

During the years of the Clinton administration, Mr. Cuomo was appointed the Secretary of HUD between 1997 and 2001. Wayne Barrett wrote in Village Voice on August 5th of 2008 the following:

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

What he did is important—not just because of what it tells us about how we got in this hole, but because of what it says about New York's attorney general, who has been trying for months to don a white hat in the subprime scandal, pursuing cases against banks, appraisers, brokers, rating agencies, and multitrillion-dollar, quasi-public Fannie and Freddie.

The full article slamming Cuomo can be found here: http://www.villagevoice.com/content/printVersion/541234

As if the decisions made by Cuomo as far back as 2001 weren't enough, Cuomo's elevation to the rank of New York's Attorney General aren't without grandstanding faults either. One glance gives a strong impression that Cuomo charges like some white knight at every perceived injustice and especially against big business, everyone's favorite "bad guy."

In 2007, Cuomo led the charge against the student loan industry. No charges were filed, but Cuomo kept up the pressure anyway, raising questions about whether his intentions have caused the industry more harm than good.

http://www.businessandmedia.org/articles/2007/20070613151631.aspx

Then, when the mortgage industry finally began to turn sour (perhaps in part due to his decisions during his time as Secretary of HUD), Cuomo again leapt to the defense of "the people" by increasing regulations. It seems strange to be considered the "white knight" after being part of the people who started the very problems in the first place.

http://www.businessandmedia.org/articles/2007/20071107163641.aspx

Finally, Cuomo moved hard to shut down child pornography services by having Verizon, Time Warner and Sprint cease to host Usenet groups. At the time, there were 88 news groups who provided the contraband material, while there were roughly 100,000 Usenet groups.

http://news.cnet.com/8301-13578_3-9964895-38.html

His actions were so bad, even Barry Steinhardt (the director of the ACLU) admitted that Cuomo's actions, and I quote, were like "taking a sledgehammer to an ant."

Excessive regulations and thoughtlessly damaging actions run up and down Cuomo's career. Cuomo's answer to a cockroach infestation is to burn down the neighborhood, and then claim credit as though the destruction caused by the man's actions was a good thing. Cuomo's prescription to any abuse within big business is regulations to extremes that can only hurt both businesses and the consumers they provide for, even if it was the fault of only one director in one business. Cuomo is the man that every economist in the world would look at and scream "bloody murder."

And to permit this man anywhere near a position of responsibility is to invite disaster on an unprecedented economic scale. Cuomo is truly the man who makes fears of the events in Atlas Shrugged well founded.

My points about the man's failures now delivered, I have to note that Giuliani is not far behind Cuomo in the polls either, as according to a posting by Rasmussen Reports.

http://www.rasmussenreports.com/public_content/politics/elections2/election_2010/election_2010_governor_elections/new_york/election_2010_new_york_governor_election

Andrew Cuomo as the governor of New York? I wouldn't risk it. Not as a Republican, but as a person who legitimately gives a damn about America and wants to stop the irresponsible damage that can be wrought by a kid who wields his power wrong. And worse, when Cuomo finishes, who knows what's next? The Senate? The Secretary of State? Hell, the Presidency itself?

So here's hoping that Mr. Giuliani reconsiders running for the Governor of New York and stops this guy cold. For all of us.

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