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As featured on p. 218 of "Bloggers on the Bus," under the name "a MyDD blogger."

Wednesday, February 16, 2005

Give this guy a shot!

Eliot Spitzer is a rock star and not only will he be the next Governor of New York, he should be a serious candidate for 2008. Just look at this evisceration of Fox News' Neil Cavuto, where he makes the host look objectively pro-thievery (which all Republicans, as long as they toe the business sector line, actually are):

CAVUTO: Continuing my conversation with New York State Attorney General Eliot Spitzer.  He talks about the criticism he faces and his ongoing battle with former NYSE boss Dick Grasso. But first, Spitzer weighs in on one of his biggest critics, Tom Donohue who heads the U.S. Chamber of Commerce.

SPITZER: I think he is a shill for guilty people, and Tom Donohue has never once found a crime that he couldn't justify, as long as it was committed by one of his dues-paying members. And it is too bad. The Chamber of Commerce should rise above that sort of rhetoric.

Tom Donohue cannot show you one fact we've alleged that is wrong. And yet, if Mr. Donohue wants to be an apologist for criminal conduct, so be it.  Then he is, I think, tarnishing the reputations of many of his members who don't want that sort of voice out there saying that illegal conduct is good. It isn't.

My job has been to reveal facts, to bring the cases.  And I think if you ask any investor, if you ask any executive, do you want to live in a world where analytical work is fraudulent, where mutual funds are diluting and skimming profits, where insurance companies are bid rigging, I think they will tell you no.  The reason is that those behavior patterns cut against the market as we want it to operate.

I'm protecting the market. Mr. Donohue is protecting an ossified culture of illegality. And if he wants to be an apologist for crime, then I think his board members should consider whether or not that's the job.

CAVUTO: The feeling seems to be -- not across the board, but amongst some, that you get a little too zealous, that maybe you get too vindictive. Ken Langone, the former New York Stock Exchange director said you wanted to put a stake through his heart.

SPITZER: No, I didn't. Look, Ken Langone has been charged because he and Mr. Grasso turned the New York Stock Exchange into the piggy bank for Mr. Grasso. And Ken Langone was the chairman of the compensation committee that oversaw the distribution of about $200 million to Mr. Grasso, a case that is ongoing. The Web report that was revealed last week I think laid out the facts for many to see.


(snip)

CAVUTO: You know, I know now you're running for governor, sir. The present governor, George Pataki, still isn't clear if he's going to run for a fourth term, has said that your zeal going after the financial industry is one thing, but it could chase business away from the state. He said: "It does concern me that I've had corporate and other business leaders come to me and say, 'Why should we be in New York?'"

How do you answer that?

SPITZER: Well, because business leaders whom I deal with want an honest marketplace.  And you would be amazed, Neil, how many CEOs come up to me every day and say, Eliot, thank you for what you're doing. Yes, you're going after the bad guys. We want you to do that. We depend on an honest, level playing field.

The honest players out there don't want a system that is rigged. They want to be able to compete, create jobs. Most of them say, you know what, a hundred years ago, a lot of CEOs didn't like it when Teddy Roosevelt went after the cartels. But we applauded that. We know what it did for the economy. It created jobs.

They say to me, we need somebody who cleans up the illegality to permit the rest of us to play fair.   That's what we approve of. It encourages investment, encourages job creation. Look at the markets these days. They're doing fine.

CAVUTO: So, you don't think, sir, that it would chase business out of the state?

SPITZER: Absolutely not.


I've had it with this notion that you have to wait your turn to be President. Woodrow Wilson was Governor of New Jersey for 2 years before being elected.  Grover Cleveland was Governor of New York for 2 years before being elected.   Cal Coolidge was Governor of Massachusetts for 2 years before being elected VP.  All three had notoriety before their election that catapulted them into the public eye.

Sounds like Eliot to me.  Draft Spitzer!

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