One of the best kept secrets of failure in the land of His
Royal Con Man King Ned Lamont The Unaccountable is
the DECD. According to the current state budget, here is
a parsing of the Mission Statement as to what the DECD supposedly
does:
"Agency Purpose" "To develop and implement strategies
to increase the state’s economic competitiveness.
To foster a productive business environment that
enables businesses to grow in the state and compete in
the global economy.
To advance job creation and retention.
To set and execute strategies that will create a talent
ecosystem that attracts and motivates students, career
builders, and companies alike.
To support the quality of life and economic sustainability
of our local communities.
To promote, encourage, and implement responsible
growth principles and practices through brownfield
redevelopment and other local initiatives.
To brand and market Connecticut to bolster its
reputation as an innovative business location and
tourism destination.
To preserve and promote Connecticut’s cultural and
tourism assets in order to enhance the quality of life and
economic vitality of the state.
To coordinate the activities of all state agencies in
advancing economic development
opportunities."(https://portal.ct.gov/-
/media/OPM/Budget/2024_2025_Biennial_Budget/Budg
et_WebPage/GovBudget_2024-25_Final-WebVersion.pdf p.B-40,41)
To show how perspicacious the DECD is in innovative
future business trends, the new FY 24-25 budget
provides a mere $10.5 million dollars of Connecticut
Taxpayers monies to "Provide Funding for Regulation of
Recreational Use of Cannabis by Adults”. Since the
regulatory costs of cannabis legalization were previously
omitted by this top-flight organization, this proposal
explicitly provides funding to ensure implementation of
this meaningful “policy initiative.”
In
addition, this
expenditure of taxpayer funds is allocated to “provide
positions and funding to support the “Social Equity
Council” (SEC) as well as to make the Cannabis Social
Equity and Innovation Fund an appropriated fund. The
amount available to the SEC is based upon projected
revenue." (https://portal.ct.gov/-
/media/OPM/Budget/2024_2025_Biennial_Budget/Budget_WebPage/GovBudget_2024-25_Final-WebVersion.pdf
p.B-40,41) That is a lot of money spent on
supposed "social equity" from legal drugs.
Leaving aside any semblance of economic realities or
morality as Connecticut is often wont to do, one queries as to
why the state is involved in the Cannabis business in the
first instance. The long-established illegal market,
unburdened by taxation and regulation, as much nimble as
the state is inept, and further enabled by diluted law
enforcement continues to flourish as the state Cannabis
industry flounders and bears the increasing burdens of
new union contracts and added costs. Any reasonably sane person wonders why
this fool’s errand, continues.
Moreover, the DECD spends a mere $825,000,000 to
$900,000,000 million dollars of your taxpayer dollars
(depending on how one interprets the astounding
accounting methods of the state), while employing 94
people. Further as my friend and colleague Tony De
Angelo has reported for many years now on 94.9’s Lee
Elci Show, taxpayers have no idea how much money has
been lost by the DECD in bad loan write offs and "free"
money grants monies since the inception of this agency.
Just the known trashing of taxpayer funds (such as by
Sema4, Digital Currency Group, and UniteUs) are
staggering. Never forget that Connecticut is a state that
is a continual bottom feeder in all economic and business
categories with $100-$150 billion dollars in short- and
long-term debt along with unfunded liabilities. On many
segments, Tony has pointed out the Lamont family hedge
fund ties, waste, auditable offenses not resolved,
“backdoor” rackets with state vendors and questionable
grants this agency has contributed to over the past
several years. I have discussed the horrific grants given
to "Infosys" over the past two weeks. And for four years
starting with the 2020 Covid-19 debacle, we still do not
have any answers to Ned Lamont's family hedge fund
(Oak HC/FT Partners) from associated companies relating
to the Covid-19 crisis that include "Thermo Fisher
Scientific", "Sema 4", " Core Infomatics", “Centrellis”.
"Ocrulus", "Urjanet", "1life Healthcare", "Galileo Health",
"Castlight Health", "Paladina Health", and "VillageMD" to
name several that appear to have received cash or other
like favors via the DECD and its cohorts.
Why does Connecticut need the Connecticut Department
of Economic and Community Development? I and many
others wonder why also, but one apparent purpose for it
is to be a slush fund for the myriad family deals of The
Unaccountable. If Connecticut could lower the
horrendous regulatory burdens and excessive taxation on
businesses and perhaps provide something close to a
semblance of public safety, maybe, (just maybe),
businesses would want to move into the state rather
than move out. But then what would happen to the cash
gravy train that flows between the DECD and the Lamont
family? The state could actually spend $1 billion dollars
less each fiscal year and see greater economic growth
without the DECD just by that money saved alone.
The elimination of the DECD would be a dream come
true for many thus it will never happen. Connecticut
Taxpayers must continue to toil as indentured servants
to support monolithic and economically incoherent
agencies such as the DECD so that other politically
aligned giants can profit. It is just more of the same
failures economically that define the vast economic
wasteland know as One-Party Democrat Rule
Connecticut.
In closing, I propose that the new motto for Connecticut
should now be the "unconstitutional" state (or the
“waste management state”) as a much more accurate
reflection as to how business is done in 2023.
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