I have taught business and economics classes for almost forty years now and I am truly amazed at the fake cryptocurrency hysteria. The craze of investing in a block chain currency that has no backing whatsoever by any entity and needs to be purchased with a government based currency like the United States dollar astounds me. What was even more astounding is that Executive Order Governor Ned Lamont is giving the Digital Currency Group $5 million dollars compliments of the Connecticut Taxpayers to move to Stamford and magically create 300 jobs. If one does the math these jobs will cost Connecticut Taxpayers $16,666.67 each in real United States dollars. My question to Executive Order Governor Ned Lamont and the Digital Currency Group is if this digital currency has such value in our economy then why can't they create the $5 million in a digital currency and hire their own employees without the states help and using Connecticut Taxpayers United States Dollars. And why didn't Executive Order Governor Ned Lamont disclose that his family's hedge fund had and or did have a large investment in the Digital Currency Group that apparently helped gain this $5 million dollar grant paid for by Connecticut Taxpayers? Why wasn't until after individuals such as Tony De Angelo made public this connection did all of sudden it become public knowledge? And then and only then did Executive Order Governor Ned Lamont came clean with his family's hedge fund connection and investment with the Digital Currency Group? What other companies have Executive Order Governor Ned Lamont family's hedge fund have investments in that received Connecticut Taxpayers monies from? And why has there not been any disclosure? Apparently Connecticut Taxpayers have no need or legal right to know where their tax money goes since the state is being run by Executive orders and there is no need for any transparency in the spending and or give away of Connecticut Taxpayers monies.
Executive Order Governor Ned Lamont seems to be very upset at this time due to the fact that his family's run hedge fund has no more desire to either invest and or fund businesses in Connecticut. His family run hedge fund will evidently be doing business in Tennessee because it easier than doing business in Executive Order Governor Ned Lamont's Connecticut where Connecticut Taxpayers have the audacity to question what they do. Does anyone see the irony here? Executive Order Governor Ned Lamont and his family's run hedge fund have given up on their own state since they must be held accountable for their economic actions and need to disclose their business to Connecticut Taxpayers. Remember they made no profit from Sema-4 testing either. And also remember Connecticut is last and or near last in most business and economic categories with few jobs available no matter how much free money is given to companies in the state for job creation and with a continuing 30 plus year recession along with some of the highest taxes in the country.
What has happened and has been happening since Ned Lamont bought his Governorship by pouring millions upon millions of dollars of his own money into finally getting elected is that the Lamont run Connecticut Democrat Party feels they are above any law and those laws will never pertain to them. Connecticut Taxpayers have been shown in this administration that must be obedient to Executive Order Governor Ned Lamont and his Connecticut Democrat Party while they can profit off the labors of the peasants they rule with an iron hand. To me this is an insult and disgrace to every Connecticut resident and Connecticut Taxpayer.
So what is next for Executive Order Governor Ned Lamont and his Connecticut Democrat Party? What can they skim off the Connecticut Taxpayer leading up to the 2022 election? What promises can they deliver to their politically connected? And how much more misery can they heap upon the poor working men and women in the corrupted state of Connecticut and its omnipotent one party rule in the future? I truly wonder if Connecticut can ever again become a true "Free" state given this tyranny called state government.
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