Byline: RICHARD L. PAPIERNIK Executive Business Editor
During a Capitaland Roundtable discussion, the topic turned toward the impression that businesses in New York state are overregulated. "The state needs some bold action, I mean real bold, a workers' comp reform package, product liability," said Daniel Walsh, president of the Business Council of New York. "If you want to send a shot across the bow of manufacturing in this country, put a good product liability package on the statutes in New York state and say, Come on in, you all, we're going to prevent you from being sued by everybody and their brother when you make a product. ... If you want to make it a manufacturing state again, put a good product liability package on the statutes."
Investment manager and developer Daniel Lanzetta contended that the regulatory problems coupled with the lack of expansion placed businesses in the state in an untenable situation. It picks up with the Times Union's general manager, Bob Wilson:
WILSON: An associate of mine has a line that echoes what Dan is saying and that is that the future isn't what it used to be, and I think that's what we're all seeing. I think there is some real reason, too, for concern. We have come through a November to mid-January period where there was a lot of optimism in the country, a new president, new feelings.
I'm concerned that it's not a state of optimism, it's a sense of euphoria, because when you look at what is happening - massive layoffs at Boeing, IBM has massive layoffs, the airline industry is suffering - I think we're going to be coming out of this sense of euphoria, and I think we're coming out of it real, real quick. There are some major problems with the economy.
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