Saturday, March 21, 2009

The Time For Your Job

It's interesting to note that in the economic downturn, in general, Governors will be doing worse off (unpopular budgets) and Attorney Generals will be doing well (bringing justice to white-collar criminals). The Tech Bubble bursting in 2000 created Eliot Spitzer's career, eclipsing the now-derided George Pataki (disclaimer: I arrived in NY after Spitzer was already Governor; I don't know if the economic crisis claimed him or if it was just his own self). Now, it looks like Cuomo will be eclipsing Paterson (disclaimer: I also favor Cuomo over Paterson, but not because of the budget).

Does this trend hold nationally? Does it hold in general? Is there a state-wide cycle that can be pointed to?

I ask this question because not only did NYAG Cuomo take advantage of the AIG bust to put his name into the public sphere, but CTAG Richard Blumenthal is also grabbing a national headlines, saying that AIG's bonuses may have been larger than thought. Cuomo, at least, has a legitimate interest--after all, as Spitzer established, the NYAG has jurisdiction over the big financial companies that call Wall Street home. But does CTAG Blumenthal have jurisdiction over AIG in this case? I know that plenty of AIG officials live in Connecticut (where the mobs are already gathering), but is this case really any of his business?

Or is Connecticut such a quiet, law-abiding state that the Attorney General has time to help out his neighbors?