PUBLISHED: 11:36 PM 8 Jan 2018

New York Left Holding $90 Million Bag After California Company Reneges

Gov. Cuomo is allowing millions of taxpayer dollars to go to waste.

Gov. Cuomo is allowing millions of taxpayer dollars to go to waste.

New York Gov. Andrew Cuomo’s continues to prove that liberal policies can literally be catastrophic and have backfiring consequences on the American people.

Cuomo’s economic-revitalization program is now being criticized after a manufacturer bailed on a $90 million factory near Syracuse financed, which was financed by the taxpayers of New York.

And Cuomo has allowed the manufacturer to abandon on the deal and is not forcing them to pay a penalty.

Now Cuomo is spending another $15 million to bring in NextGen Power Systems, a semiconductor firm that will reportedly take over at the empty factory.

The LED light-bulb manufacturer Soraa that bailed on Cuomo’s deal without be subjected to any penalties was predicted to create 420 jobs for hard-working Americans, according to

Cuomo again proving Democratic policies are detrimental.

The company bailing on Cuomo and leaving New York hanging has infuriated some elected officials.

“What in God’s name is going on here? This is a microcosm of the way Gov. Cuomo does business,” said state Sen. John DeFrancisco, a Republican who represents the Syracuse region and is considering running against Cuomo in next year’s election.

He added: “The state economic-development programs are broke.”

DeFrancisco is demanding Cuomo tell New Yorkers why the project with Soraa fell through and why they were not forced to pay a penalty for failing to adhere to the terms of the deal.

Does a liberal politician failing to explain how they botched a deal surprise anyone?

More importantly, DeFrancisco and others want to know why Cuomo gave Soraa a pass and didn’t force them to pay the penalty, which would have secured some of the taxpayers money back.

It’s pathetic, and Cuomo should take advice from President Donald Trump the next time he’s looking for a winning plan to create more jobs.