Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Paterson Quotes Rand, Urges State Stimulus Package
By
Jen Chung
Published Oct 30, 2008
Modified Oct 30, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Oct 30, 2008
Modified Oct 30, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Governor David Paterson went to Washington D.C. yesterday and stated the case for the Empire State, "New York doesn't need a handout, we need a handback."
After thanking the House Ways and Means Committee for inviting him, Paterson began his remarks by saying, "The great novelist Ayn Rand advised us in the Fountainhead that our country, the greatest country in the world, was founded on the basis of individuals, where people were encouraged to adventure, not to be complacent; to be daring, not dormant; to prosper, not to plunder. But, unfortunately, an infection of greed and mismanagement combined with a lack of transparency and government regulation have brought us to the point where our nation faces a downturn in its economy only rivaled by the Great Depression. "
With the economy faltering and Wall Street hurting, NY State faces a $47 billion budget deficit by 2012, and Paterson noted that NY has given the feds much more in taxes than it gets back (much the same way NYC gives the state more in taxes than it gets back). Paterson, along with other governors including NJ Governor (and former Goldman Sachs head!) Jon Corzine, recommended a second stimulus package for state governmentsCorzine said, "The federal government ignores state and local governments at serious peril." Paterson also suggested increased federal funding for things like food stamps, unemployment, and infrastructure spending.
Tagged
ayn rand
bailout
goldman sachs
Governor Corzine
governor paterson
state stimulus
The Fountainhead
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Rockefeller Center's 2026 Christmas tree is a 76-foot spruce from Upstate New York
The 75-year-old tree will arrive in Manhattan on Nov. 7 ahead of the annual lighting ceremony on Dec. 2.
By
Giulia Heyward
Published Oct 26, 2026 at 2:45 p.m. ET
‘A killer cop lives here’: Brooklyn arrests raise questions about limits of free speech
First Amendment experts say the charges raise serious questions about the right to criticize police.
By
Ben Feuerherd
News
‘A killer cop lives here’: Brooklyn arrests raise questions about limits of free speech
First Amendment experts say the charges raise serious questions about the right to criticize police.
By
Ben Feuerherd
What to expect and avoid in NYC’s Halloween, voting, marathon and daylight saving weekend
By
Catalina Gonella
NYC Council to weigh changes to juvenile jails as assaults and overcrowding rise
By
Samantha Max
Early Addition: Who's giving out those chic little Nordic gummies this Halloween?
By
James Ramsay
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .