Schumer Addresses Business Concerns At Chenango Roundtable
Published: August 9th, 2011
By: Melissa deCordova

Schumer addresses business concerns at Chenango roundtable

NORWICH – As he has for the past 13 years, U.S. Senator Charles E. Schumer, D-Binghamton, paid his annual visit to Chenango County to assess some of the roadblocks facing local businesses and to determine what he can do in Washington to find solutions to them.

Those attending the round table discussion held at the Chenango County Council of the Arts Monday afternoon included executives from the Raymond Corporation, Unison Industries, Chenango Memorial Hospital and Commerce Chenango. Chenango County and City of Norwich officials also participated.

The stock market took another nose dive Monday, shedding 14 percent over the past two weeks combined, and the Senator took a moment to reflect on that. He said he found the notion that the country could default on its debt obligations without consequences – as members of the Tea Party in Congress have suggested – “confounding.”

“They have been proven wrong. We are like a blindfolded mass walking toward a cliff. If we keep walking in this same direction, we are going to fall off,” he said.

To control the debt, Schumer suggested getting a handle on spending and creating jobs through education, innovation and research.

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