Can The New York Attorney General's Office Be Rescued?
/You probably know that the population and economy of New York State are in long-term decline relative to the rest of the country. For example, in the 1980 census New York had 17.6 million people, versus 9.7 million for Florida and 14.2 million for Texas; now in 2018 it is 19.9 million people for New York, 21.3 million for Florida, and 28.7 million for Texas. For another example, back in the 90s New York had close to 9% of the nation's GDP; today it's under 8%.
If you had to pick one factor as the most important cause of this situation, it would have to be the high taxes. (Neither Florida nor Texas has an income tax at all.) But taxes are not the only factor. Don't underestimate the adverse business climate. And at the top of the list of things contributing to New York's adverse business climate, we have the Office of the Attorney General.
At one time, the AG's Office in New York was relatively sleepy, particularly with most law enforcement jurisdiction vested in separately-elected county DAs. In my lifetime up to 2000, none of the occupants of the AG's office ever was a serious contender for governor. Then from 1999 to 2006 we got as AG the desperately ambitious Eliot Spitzer. Spitzer figured out that he had at his command an old and vaguely worded securities-law-enforcement statute called the Martin Act, and that on threat of Martin Act enforcement, any bank would quickly pay a few hundred million dollars to avoid criminal prosecution. After using that strategy and multiple shakedowns to keep his name in the news for years, Spitzer claimed the title of "sheriff of Wall Street," and rode that horse to become Governor in 2007 (a position in which he lasted barely more than a year). Andrew Cuomo became Spitzer's immediate successor as AG, and next thing you know, he was governor too! . . .
So a new person will be elected to this office in November, with a primary in September. Is there any chance that this ship can be righted? The short answer is, the odds are poor.
The two leading Democratic candidates in the race appear to be Zephyr Teachout and Letitia James. Teachout is a progressive professor at Fordham Law, who gave Andrew Cuomo a run for his money in a primary four years ago. James is the current "Public Advocate" of New York City -- a job with essentially no real responsibilities, but which has been used in the past as a launching pad by ambitious pols, most notably Bill de Blasio. . . .
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