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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (530532)	11/19/2009 9:11:26 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 1575803

I don't think that's right. NYC and its suburbs have a lot of industry. In gross terms yes, but not for their level of population, esp. if you exclude the industrial production in New Jersey (which isn't really relevant to this conversation as New Jersey residents can't vote for politicians to go to Albany), and if your only considering heavy industry. However much of the industry in upstate NY was highly profitable........GE, Carrier, Eastman Kodak, Xerox, Bausch Lomb, etc. I think most of the problem is that the cities of upstate NY did not remain competitive......not just from a tax and regulatory POV but in terms of lifestyle. The winter weather is crummy... The weather hasn't changed. The state tax and regulatory burden has, which not only reduces the profitability of the companies, it also makes it harder for the localities to fund their own local improvements of the sort you talk about.