Wednesday, July 01, 2020

The $15 Million Dollar Covid-19 Test?

$15 million dollars for Covid-19 tests?  Is this for real?  If you live in Connecticut a company called Sema-4 is getting a great deal of State of Connecticut money for Covid-19 testing and other items.  It has gotten this Connecticut Taxpayer money since 2015.  In December 2015 the Department of Economic and Community Development under the Malloy Administration gave this company a $9.5 million dollar loan (partially forgiven) to create 145 jobs in the state (or roughly $65518. per job). In April 2018 the Malloy Administration gave them another $6 million dollar loan (partially forgiven) for machinery, equipment, capital improvements along with the creation of 408 jobs.  They get $15.5 million dollars in Connecticut Taxpayers monies and amazingly get $12.2 million dollars of this money forgiven. 
In June 2020, Sema-4 seems to have entered into a no bid State of Connecticut contract for Covid-19 testing.  I again wonder are they the only company in the country that provides these tests and at what costs?   Connecticut Taxpayers do not know what these tests cost due to a concept known as "trade secrets" for the tests. Ann Lamont's hedge fund Oak HC/FT invests in Sema-4 which is a DBA (doing business as) of Mount Sinai genomics.  The State of Connecticut gets a bill from Sema-4 for $600,000. in Covid-19 tests that is paid for recently.  I wonder how much more the state will be billed by this company that already has gotten an enormous amount of money from Connecticut Taxpayers and at the same time that the Lamont's hedge fund receive profits from their investments in this same company?  No one in our state government questions this maze of Connecticut Taxpayers monies that have benefited the Lamont's. 
Tony DeAngelo, who has been investigating these issues on his "Ten Minutes With Tony"  segment heard on the Lee Elci Show that broadcasts on 94.9 FM New London, Connecticut talked about this never ending Lamont connection among other troubling connections with them on his June 30 segment. (https://www.youtube.com/watch?v=UfOV_iDeBAw&feature=youtu.be).
Ned Lamont now has to pat himself on the back all by showing the country that he himself stopped the Covid-19 virus in Connecticut.  It is truly amazing now that there are now few cases, few hospitalizations and obviously those who died in the state's nursing homes needlessly was just a bump in the road to the state's great health.  Ned Lamont also has to pat himself on the back for the amount of profit he and his wife have made through their hedge fund during this crisis through a complex maze of companies, many of which received Connecticut Taxpayers monies through forgiven loans and state grants.  He truly runs our state as a self appointed dictator under the cover of the supposed Covid-19 crisis. 
All this while the rest of our state's economy has imploded and the economic depression that exists in the state for many will never end.  Along with a massive $145 billion dollars plus in short and long term debt along with unfunded liabilities.  The Connecticut Democrat Party with its politically connected friends along with Ned Lamont have a twisted version of liberalism and economic stimulus. It is a fascinating read as they are the only ones who can and will benefit from the self induced Covid-19 crisis.   The hell with the rest of the state and its legal citizens once again.  

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