Oct 5, 2008
Analysis: NYers ask, 'So where's my bailout?'
So, where's your bailout?
Wall Street is in line for up to $700 billion in a government rescue. The same can't be said for low- and moderate-income New Yorkers who may have to choose between heat and food this winter, middle-class home owners paying the nation's highest property taxes, and the women and children dependent on a welfare grant that hasn't increased since 1990.
If the door was still open just a crack on these most vexing issues back home, it was slammed shut Friday by Gov. David Paterson. He warned of a potential 'economic blood bath' in the making as Wall Street's crisis becomes a crisis for Albany, which has become addicted to revenues from the financial sector.
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