Friday, April 24, 2020

Part One: Economic Consequences of Government Decisions-What Date Do We Open?

What date do we reopen our state economy?  There are economic consequences to any governmental decision.  We can see this on a daily basis in Connecticut.  Arguments on both sides of the spectrum have been seen with the actions of shutting down Connecticut's economy because of Covid 19 and when and or how it will ever reopen again.  And Connecticut is not a surrogate city of New York either contrary to what our Governor wants us to believe.
Another week passes, another week and yet another week of the shutdown with a constant shuffling of dates.of possibly reopening the state  Decisions need to be made quickly.  Those essential decisions are not being made except for Governor Lamont's complex decree after decree after someone suggests to him to change this or that. 
Is this effective leadership and government?
Connecticut even though it has an elected government seems to be relying upon a private sector decision making team for educational decisions and now on how to reopen the economy.
A new team of public officials and others were appointed by Lamont with the task of reopening the economy.  I wonder if they are going to be paid?  When are they going to meet?  Will their meetings be televised? Our taxpayers allowed to voice their opinions to them? Will they have any transparency? The list is long as far as the individuals chosen with various business and health care backgrounds along with several state officials.  Do they truly represent a cross section of the state economy?  How come there was not someone who recently signed up for unemployment and now has to wait six weeks for their check chosen?  How about a small business owner who was shut out of the state program to help them survive during the state mandated shutdown and is on the verge of bankruptcy now?  None of those people get chosen.  The task force decision should be immediate and with a decisive reopening date.  For with every day Connecticut's economy continues in this lockdown our state economic turmoil and road to bankruptcy continues.  Bankruptcies will be forthcoming, businesses shut down for good and a massive continuing unemployment with little prospects of finding replacement jobs since who will want to operate a business in this type of state command economy.  Taxes for sure will be going up for Fiscal Year 20-21 we can count on it.  There has been absolutely no cutting of state management and commissioner salaries at this time.  There is no asking state unions to forgo their pay raises effective July 1.  There is no shared sacrifice from those in government power making these draconian economic decisions for others who are now fast approaching the point of no economic return and economic failure. 
If one looks at Connecticut we can see that certain parts of the state such as Windham and Tolland counties have few cases and deaths from the virus.  The economic question is why are they completely shut down?  As we see with common sense flu precautions that can be followed that part of our state could be reopened quickly and allow for people to work again and businesses to operate.
The backbone of Connecticut's economy is small business and industry.  Politicians really do not understand that especially our Governor.  It is gets boring to hear all of the supposed promises that are being made to these small business owners who in many cases are the true risk takers that have made our economy successful since our country was formed.  They are now long forgotten in the state due to the elitists who run our state in 2020.
I leave you with this thought:
There is no sound louder than an economic hostage set free from government decree and rule.  We have been bullied too long in Connecticut.  

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