State of the State speed read

paterson state of state 2010You could spend half an hour listening to David Paterson's State of the State speech from today... or you could skim through this quick scan version.

The Paterson Administration has posted a bullet-pointed list of the all the proposals mentioned in the speech. And here's a press release.

We'll post links to video and transcripts as they become available.

On with the paraphrased speech:

I would like to address all of you today simply as citizens.

This is a winter of reckoning.

It is easier to deny reality than to accept that living on the margins of our means have to end.

The old way of doing budgets is unsustainable.

We need fiscal and ethics reform. Jobs, too.

No longer are we going to run New York like a payday lending operation.

Renewing call for a spending cap.

We have got to find a procedure that cures the spending structure that's infected the budget process.

Legislature has to help hold down spending.

Push for ethics reform not driven by the illegal acts of anyone person -- but by the entire system.

Calls for greater financial disclosure and term limits.

The public wants bold action to win back its trust.

Days of influence for moneyed interests are numbered.

We are going to need an economic plan that actually suits the issues of our times and provides the jobs that New Yorkers seek.

We need ideas and innovation.

The Empire Zone program is no longer working. No more tax credits for business that don't provide promised jobs.

Replacing EZ program with "Excelsior Program" -- for clean energy and high tech.

Props to Pataki for putting us on the path to cleaner energy.

We are poised to lead the information economy.

Looking to provide first stage capital to emerging companies.

Going to buy up and retrofit abandoned manufacturing sites.

Upstate New York has suffered for a long time.

We want to make it the back office for corporate America.

Upstate has available housing stock, nearby schools and beauty.

We'll develop empty stock upstate into affordable housing.

We've increased the participation of minority and women-owned businesses in state contracts.

We will create a loan program for small businesses to help cover start-up costs.

We need a commercial insurance exchange.

New York has to take a role in rebuilding vital global markets.

I was right about the financial crisis.

There's still time to rebuild the Empire State.

Legislature: work with me.

If you accept reality for what it is, you can get to a better place.

We have to rebuild. We will reignite the engine of our economy. We will win back the trust of the public.

God bless the people of New York.

screen grab:


Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

Charles Dickens

And because the State of the State is exceedingly dismal, I'm getting in my time machine and going back to 19th century England. Peace out!

Charles Dickens

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