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Friday, Sept. 26, 2003

'Welfare Queen' New York Times Exploits 9/11 Trough

The New York Times and Bank of America "are compounding their abuse of eminent domain by seeking 'Liberty Bonds' to bankroll their new digs," the Manhattan Libertarian Party charged today.

Both corporations are trying to hog federally authorized tax-free bonds for their "notorious" construction schemes, the Libertarians said.

Although the bonds were supposed to rebuild lower Manhattan, these two projects are in midtown Manhattan, miles from the World Trade Center.

"These corporate welfare queens really know no limit to their hubris," stated Manhattan Libertarian Party spokesman Jim Lesczynski. "It's bad enough that these corporations destroyed thriving small businesses through blatant abuse of New York's infamous eminent domain laws. But now they have the gall to ask for bonds paid for with our tax dollars that were earmarked for redevelopment of lower Manhattan after September 11th."

Jak Karako, a Libertarian candidate for City Council, said: "First the Times and Bank of America stole the property they want to occupy. Now they want you and me pay for the new construction. When will the looting end?"

Read more on this subject in related Hot Topics:

Browne/Libertarian Party
Corporate Scandals

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