New York Attorney General Eliot Spitzer made his long-anticipated run for governor official Tuesday, by announcing his 2006 candidacy on the Democratic ticket.

Calling the state "at a point of crisis" and in "dire need of leadership," Spitzer told the Associated Press he would run on a platform of pledging to restore jobs and repair the budget. "We are bleeding jobs. We need reform in the process of government," he said.

While Spitzer complimented Governor George Pataki as "somebody who I respect," he said the state needs an "energetic leader" who can change the fate of the state to once again become "the center of job creation, intellectual growth, creativity, dynamism and great ideas in government. We have been all of those things in the past 200 years, and we have lost it."

Although former New York Mayor Rudolph Guiliani has not expressed interest in running for governor, his name has been floated as a possible Republican candidate, and a Zogby International poll last week showed voters favoring him 52% to 36%. If the two candidates were Spitzer and Pataki, the poll showed voters favoring Spitzer 44% to 41%. Pataki has not yet said whether he is interested in running again, but GOP Chairman Stephen Minarik recently said he expects Pataki to run for a fourth term.

Spitzer made a household name for himself by taking on trading abuses in the fund industry, conflicts of interest at investment banking firms and bid-rigging at insurance firms.


The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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