Gov. Paterson, quoting Warren Buffett on Friday: “It has become clear over the last 24 hours, according to Warren Buffett, that the United States economy can be compared to a great athlete who suffered a stroke.” Usually I think Paterson’s analogies are on the mark, but not this time: isn’t the U.S. economy better compared to a fat couch-potato who suffered a heart attack?
Meanwhile, local community banks in Upstate New York say they’re not in trouble and are looking good. The Oneonta Daily Star has a similar story… although one banker reassures us that Upstate is going through “a pretty normal recession” that’s not yet perturbed by Wall Street’s woes. (You know — just the normal recession we’ve had for the past 25 years!)
Pulling an old blog link from way back in my dusty memory… took a while to find it again… here’s an old post from Rome Scene on local banking, which did not take such a rosy view, at the time.
It’s strange to wonder if there is any possibility that the Upstate tortoise might conceivably cross the finish line now that the hare has had a coronary… I think there are many more painfully slow years to go, though.