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Former NY governor Spitzer criticizes bailouts in column
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Candidate
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| Contributor | Jason |
| Last Edited | Jason Dec 05, 2008 02:18pm |
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| Category | Opinion |
| Media | TV News - CNN |
| News Date | Friday, December 5, 2008 08:00:00 PM UTC0:0 |
| Description | NEW YORK (CNN) -- Former New York Gov. Eliot Spitzer started a new job this week, debuting as online magazine Slate's newest columnist.
Spitzer, who resigned in March over a prostitution scandal, joined the magazine as the contributor of a feature on government called "The Best Policy." The column appears every other week and will primarily address policy solutions to current economic issues.
"The reasons for us are very obvious," Slate editor David Plotz told CNN. "We're in the middle of a huge financial economic crisis which we have the very tenets of American capitalism in question. He was intimately involved in understanding how markets function and the role the government should have and shouldn't have in the markets."
Spitzer's inaugural column, published Wednesday, took a critical look at the potential of current bailouts to "perpetuate a fundamentally flawed status quo."
In it, Spitzer argued that "None of the [bailout] investments has even begun to address the underlying structural problems that are causing economic power to shift away from the United States, sector by sector." |
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