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Andrew Cuomo Is Gone, His Economic Mismanagement Not Forgotten

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Andrew Cuomo Is Gone, His Economic Mismanagement Not Forgotten

The Wall Street Journal August 10, 2021
EconomicsOther

He offered ‘startup’ tax breaks to General Electric, which started in 1892 and chose Boston anyway.

Gov. Andrew Cuomo’s resignation was memorable, but we shouldn’t forget his policy legacy. New York state was slowly emerging from the Great Recession when he was elected governor in 2010. Amid massive job losses and collapsing revenues, he took office in 2011 with a focus on rebuilding public finances and promoting economic growth.

During his first term, he positioned himself as a Clintonesque centrist with a pro-business tilt. He’s still often called a moderate, but the label has been inaccurate for years.

By the start of his second term, in 2015, Mr. Cuomo was promoting “economic justice” in the form of a $15 minimum wage, initially restricted to New York City. In his third term, starting in 2019, he sprinted to the left and loudly proclaimed his progressive credentials as a new generation of left-leaning Democrats assumed control of the formerly split Legislature.

Continue reading the entire piece here at The Wall Street Journal

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E.J. McMahon is a senior fellow at the Empire Center for Public Policy and a Manhattan Institute ­adjunct fellow. Follow him on Twitter here.

Photo by Brendan McDermid-Pool/Getty Images

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