New York Governor Kathy Hochul attempted to reassure business owners in New York that they have nothing to fear after the state’s Attorney General fleeced $355 million from President Trump for running a business in the state.
Hochul told John Catsimatidis on “The Cats Roundtable” on WABC 770 AM where she was asked if other New York businesspeople should be worried that if “they can do that to the former president, they can do that to anybody.”
According to Hochul: “I think that this is really an extraordinary unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about because they’re very different than Donald Trump and his behavior.”
Good luck with that, Kathy. Trump was fined for taking out loans, paying them back on time and with interest. The banks said they would be happy to loan him money in the future and there were no victims in the made-up crime.
Does that put any business owner at ease? In New York City you now have excessive tax rates, record crime, and NOW you have to worry about the politicians fining you for $355 million for running a business in the state.
Gov. Hochul just assured businesses that there is “nothing to worry about” after the $355 million public execution of the Trump Corp. Drawing new businesses to the city is going to be about as easy as selling country estates during the French Revolution. https://t.co/W2sJ50xES0
— Jonathan Turley (@JonathanTurley) February 18, 2024
Jonathan Turley wrote this scathing rebuke of the outrageous verdict against President Trump at The Hill.
“…If New York wants to turn Wall Street into a remake of “The Hunger Games,” it has only itself to blame as other businesses flee the state.
The impact on New York business is likely to be dire. New York is already viewed as a hostile business environment, with the top end of its tax base literally heading south as taxes and crime rises. This draconian award is only going to deepen concerns over the arbitrary application of the law by figures like James, who previously sought to disband the National Rifle Association. (She has shown less interest in cracking down on liberal organizations like Black Lives Matter or the National Action Network of Al Sharpton despite their own major financial scandals.)
As James gleefully uses this law to break up a major New York corporation, it is hard to imagine many businesses rushing to the Big Apple. This follows Democratic politicians such as Rep. Alexandria Ocasio-Cortez (N.Y.) campaigning against Amazon seeking to open new facilities in the city. After this week, drawing new businesses to the city is going to be about as easy as selling country estates during the French Revolution.
The one hope for New York businesses may be the U.S. Supreme Court. Despite the deference afforded to the states and their courts, the court has occasionally intervened to block excessive damage awards.
This story originally appeared on TheGateWayPundit
