Paterson to Obama: You just cost NY a billion dollars, champ

(By Ed Morrissey, Hot Air) - Barack Obama’s war on Wall Street has claimed one significant casualty so far: the state of New York. While the Pay Czar claws back bonuses and salaries from bailed-out investment firms, which was a condition of taking the TARP money (not exactly a voluntary act anyway), the big reduction means a big hit in New York state income revenues. Governor David Paterson took the opportunity to slam Obama over the missing money, observes the New York, er, Observer:

David Paterson, ever the friend of the White House, just attacked the Obama administration’s decision to restrict bonus pay with John Gambling on WOR.

“That probably cost New York $1 billion,” Paterson said. “And look, I’m not going to defend these people that run these companies. They’ve frittered away a lot of money in these reckless schemes. But the reality is, in the end, we’ve lost $1 billion dollars because of that act. And there goes that pipe dream legislators engaged in reacting to my cuts.”