This Week's Connecticut Economic Observations

I am back from a too brief visit with family in Florida.  I am always amazed at the lower taxes in Florida as compared to here in Connecticut.  No state income tax in Florida and much lower property taxes.
I also can see how middle class taxpayers here in Connecticut are the true servants to our state government.  State government and Hartford's Omnipotent One  Party Rule represents those politically connected not those who work for a living.  We can see the massive indifference by our elected officials here in Connecticut towards those who they supposedly represent.
For example and a continuing example is the massive amounts of free taxpayers monies which are given out by Hartford's Omnipotent One  Party Rule through the Department of Economic and Community Development (DECD).  We still have no answers on the $400,000,000 that is given out freely and it seems to me without any qualifiers except for not paying much of it back.   I am curious as to what would happen if we did not pay our state taxes, would they be forgiven?
We see now a politically connected individual Anthony Avallone, a 67 year-old former Democratic State Senator, being appointed to a State Judge position and thus qualifying for a massive pension in just three short years.   Apparently he can receive a mere $104,000 a year after three years as a Judge.
I hope he enjoys that sweet taxpayer funded deal due to his political connections.
Connecticut Network CTN, which is the taxpayer funded General Assembly television network watched by many(?) of our state elected officials is scheduled to see its budget increase from a mere $2.5 million a year to $6 million a year through this unseen piece of a new law being promoted in our General Asssembly:

Section 1. Section 2-71x of the general statutes is repealed and the following is substituted in lieu thereof:

For the fiscal year ending June 30, [2007] 2014, and each fiscal year thereafter, the Comptroller shall segregate [two million five hundred thousand] six million dollars of the amount of the funds received by the state from the tax imposed under chapter 211 on public service companies providing community antenna television service in this state. The moneys segregated by the Comptroller shall be deposited with the Treasurer and made available to the Office of Legislative Management to defray the cost of providing the citizens of this state with Connecticut Television Network coverage of state government deliberations and public policy events.

No big deal what is another $3.5 million of taxpayer's monies?

And so it continues-Hartford's Omnipotent One Party Rule ruining Connecticut economically day by day. Connecticut Taxpayers must support this economic regime day by day also.

Another Day - Another New Connecticut Utopian Law Proposal

It is another day here in Connecticut, land of economic lasts.

And being another day here in economic lasts, Hartford's Omnipotent One Party Rule has hatched a new plan to spend taxpayers monies.
This new law proposal wants to provide a state retirement pension system for those private sector workers who do not have one where they work.

Senate Majority Leader Martin Looney of New Haven and House Majority Leader Joseph Aresimowicz of Berlin have developed this Utopian/Orwellian plan, both noting they do not know what it will cost the state. Does any elected official know what any programs costs the state? Probably not, but one does not worry about that when you are an elected official in the State of Connecticut. A state of economics lasts in the country.The details naturally are sketchy at this time for this pension plan (sort of like Obamacare), but I thought that was what Social Security was for? I thought Social Security was supposed to take care of us when we retire after paying in taxes to support it for let say give or take 50 years of working-if one starts at age 16 and works until 65. However that is not true now, because you will not receive a large Social Security check when you retire for apparently a variety of economic reasons, the biggest reason being that Social Security is a pyramid scheme and bankrupt (but we will not talk about that).

Here are some free market solutions to this new manufactured Hartford's Omnipotent One Party Rule crisis.
Cut state taxes so that taxpayers who actually work for a living would have more money to save and invest for their retirements (which are hopefully out of Connecticut). Yes cut state taxes. Cut taxes as much as possible. Reduce state government at the same time. Stop micromanaging every aspect of a taxpayer's life here in the state of economics lasts in the country.
However, it is another day here in Connecticut, land of economic lasts. The windows of economic opportunity continue to close daily here in Connecticut, land of economic lasts.
Stop spending taxpayer's monies in these ridiculous programs.

Yet More Corporate Welfare In Connecticut Using Taxpayers Dollars

Connecticut is ranked 49 out of 50 states in Fiscal Condition along with many other near last economic categories according to a report recently released by the Mercatus Center of George Mason University.
And Mr. Malloy has given more corporate welfare this time to UTC in the form of a mere $400 million dollar tax break for keeping them here for 15 years and Sikorsky here for five more years before they will probably move.  As part of this agreement UTC must create 400 jobs and invest in a new headquarters in East Hartford along with some other supposed investments.
Whether it is the First Five program, the Department of Economic and Community Development (DECD)  for which taxpayers pay $15.6 million for 212 employees or a golf network which still has yet to broadcast, taxpayers monies are given out freely and usually with no strings attached.  
What is the point of giving taxpayers monies to large companies which are already located here in Connecticut?  They can threaten to move and thus they are granted taxpayers monies to stay.  And in turn many of these same companies employees can give legally donations to the Connecticut Democratic party. What a waste of taxpayers monies.
Connecticut taxpayers must be obedient  to Hartford's Omnipotent One Party Rule.  Taxpayers serve Hartford's Omnipotent One Party Rule by giving their tax dollars to them.  We as taxpayers are at the mercy of a corrupted state political system.  Corporate welfare is just another shining example of this farce called state government.  In a private industry situation we would see our state government fired for economic incompetency and fraud.  In Connecticut the governmental ruling elite is praised and glorified by those who benefit from them.  
It is a corrupted government that we as taxpayers serve here in Connecticut.  It seems like a lost cause.

Please Remember Governor Malloy Is Right All Of The Time Especially On Economic Issues

Connecticut taxpayers should always remember that Mr. Malloy and Hartford's Omnipotent One Party Rule is always correct on economic issues.
The minimum wage is another economic issue that Mr. Malloy and Hartford's Omnipotent One Party Rule is always correct on.  A higher minimum wage somehow increases economic growth according to Mr. Malloy and Hartford's Omnipotent One Party Rule.  Does the highest tax increase in the state's history inhibit economic growth?  Just curious that if a higher minimum wage increases economic growth how does Mr. Malloy and Hartford's Omnipotent One Party Rule highest tax increase in the state's history increase economic growth?   I do not understand this logic from an economic point of view.
For example can an argument be made that Connecticut's cost of living is excessively high due to high state taxes?  That these high taxes contribute to the economic stagnation of Connecticut since it ranks near last in most economic categories nationwide?  That these high taxes contribute to the massive amount of taxpayers and businesses who continually leave the state each year?  Again this economic logic fails me.  High taxes have help to create the economic debacle we have in 2014 owned by Mr. Malloy and Hartford's Omnipotent One Party Rule.
A higher minimum wage will do little if anything economically for our state other than increase all the costs of good and services along with increasing the costs of doing business in the state.  It is too bad Mr. Malloy did not understand what Governor Jindal said.  Mr. Malloy may be the liberals dream-however he is the economic nightmare of Connecticut's taxpayers.   Nor does Mr. Malloy understand the economic mess he has developed in Connecticut.
Connecticut taxpayers should always remember that Mr. Malloy and Hartford's Omnipotent One Party Rule is always correct on economic issues-except when they are wrong which 99.99% of the time.

At What Point Do Taxpayers Say Enough Is Enough?

How much does it cost taxpayers for a job in Connecticut?  You know the one you are subsidizing through the Department of Economic Development?  Or maybe the Governors First Five Program?
Or how about the Express Program?  Or the Express Program Manufacturing Assistance Act Program?  Or the Manufacturing Assistance Act Projects?  And or the Job Expansion Tax Credit Projects?
My rough estimates on all of these somewhat unknown programs is $400,000,000. It is somewhat difficult to find out this information, apparently we as taxpayers in Connecticut do not need to know.  To retain some jobs, to create some new jobs, to see some of these companies who received funds go out of business ($1,350,000. lost there but hey who is counting?) and on and on....
Buy your job here in Connecticut-but wait Connecticut still has a high unemployment rate.  Connecticut is still charging those who pay into the State's Unemployment Fund a yearly surcharge because the fund is still basically broke.  Wait a minute I thought the $400,000,000 was supposed to create jobs and in economic theory eliminate unemployment?  Why wouldn't $400,000,000 jump start Connecticut's economy?  Why is Connecticut still near last in the country in many different economic categories?  Why are there no answers to this?
Wait it is an election year!  We will hear all of the great things Hartford's Omnipotent Democrat One Party Rule has done for us!  Higher taxes!   More unemployment for a longer duration!  More laws controlling our lives!  More and more of an economic debacle that just continues abated!
How much does it cost taxpayers for a job in Connecticut?
And at what point do taxpayers say enough is enough? 

More Thoughts On Your Hartford's Omnipotent Democrat One Party Rule $55 Connecticut Tax Rebate

I still can not get over the possibility of getting back from Hartford's Omnipotent Democrat One Party Rule a $55 Connecticut Tax Rebate-my mind is racing with what I can do with the money.
I am also amazed at all of the new jobs that are supposedly being created with these rebates-pick a number or just make one up-that is what Hartford's Omnipotent Democrat One Party Rule is doing so can't we the taxpayer play along also.
For example let us compare the $55 we may be receiving in comparison to the $214,300,000 of taxpayers monies that was given to the First Five program to help create jobs in our state. 1,377 jobs were supposedly created by last June 30th and a whopping 2,200 jobs in total are supposed to be created from this program.
Or let us compare the same $55 we may be receiving in comparison to the Manufacturers Assistance Act $1,350,000 of taxpayers monies given to two companies that are longer open.  Will taxpayers see a penny of that money paid back?
Or let us compare the same $55 we may be receiving in comparison to the legal contributions made by many of these same recipients of taxpayers monies to a Democratic party fund.  This has been done under the guise of campaign finance reform here in Connecticut.  Get free taxpayers monies from the state, then give to the Connecticut Democrat party.  Great deal.
Hartford's Omnipotent Democrat One Party Rule is delusional in its economic fantasy of Connecticut.
Connecticut continues to rank nationally near last in all economic categories.
I still can not get over the possibility of getting back from Hartford's Omnipotent Democrat One Party Rule a $55 Connecticut Tax Rebate-my mind is racing with what I can do with the money-I am just surprised that Hartford's Omnipotent Democrat One Party Rule isn't forcing us to make a legal $55 political contribution to the Democrat of our choice as a stipulation of this rebate.

The Malloy State Of The State Address-Was He Talking About Connecticut?

I was unclear as to Mr. Malloy's recent snow delayed State of the State address as if he was talking about Connecticut, the state he is supposedly Governor of.  For what Mr. Malloy talked about as far as what was in his $19 billion dollar budget seemed to me to be an economic fantasy in his dreams and the politically charged re-election dreams of Hartford's Omnipotent One Party Rule.
For example higher minimum wages somehow create new jobs-in Connecticut or in another state when businesses and industries move out to those other business friendly states?
For example a $55 tax rebate stimulates the economy, you can not even buy a full tank of gas with $55.
For example the largest tax increase in the state's history still helps to produce short and long term debt, budget deficits and long term unfunded liabilities.
For example state spending increases another 2.8% in the coming budget, this type of increase is not an increase due to the supposed fact of the massive amounts of money that the state has borrowed and not paid back to fund day-to-day operations.  Therefore the borrowed money does not exist.
For example 27,000 Connecticut residents are not working as compared to when Mr. Malloy took office-this is viewed as an economic recovery in four years?  How many unemployed Connecticut residents have given up finding work in the past four years-possibly 50,000 plus?
For example Connecticut still ranks near last in the country in many different economic areas-this is the true economic reality of Mr. Malloy's economic recovery and the economic dreams of Hartford's Omnipotent One Party Rule.

We continue to face an economic crisis in Connecticut.  $55 and massive over taxation and over spending does not resolve it.  A new Republican Governor along with a Republican State House of Representatives and State Senate would go a long way in turning the vast economic wasteland known as Connecticut around in 2014.

Connecticut Cattle Call-Buy Your Votes, Laws And Regulations At The Right Price

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The 2014 Connecticut election season is in full force.  Some snow has not stopped the Malloy Economic Debacle along with Hartford's Omnipotent One Party Rule from continuing to buy votes at any level they can.  From free money given to companies through the Department of Economic Development so that they apparently in turn can give legal contributions to the Democrat party, to developers getting state contracts so that they apparently in turn can give legal contributions to the Democrat party, to Stephen F. Mandel Jr., the founder of the Lone Pine Capital hedge fund in Greenwich and one of the biggest financial backers of the state's Democratic Party to have his private foundation pay for what are known as three “fellows” to develop public policy in the office of Mr. Malloy and two state departments-there is no money that can not be used supposedly legally to buy Democrat votes in Connecticut.
Malloy's Economic Debacle along with Hartford's Omnipotent One Party Rule knows no laws or boundaries.  Public policy and laws in Connecticut are apparently bought at the right price, whether or not Connecticut's near last place economy can handle it or not.  For example
Malloy's Economic Debacle along with Hartford's Omnipotent One Party Rule wants to buy low income voters through raising the minimum wage to an astounding $10.10 a hour causing more jobs to be lost,  buy middle class voters through a ridiculous $55 tax rebate and buys large corporations through free taxpayers money in the form of forgiven loans, loans that never get paid back, special loans, etc. 
Malloy's Economic Debacle along with Hartford's Omnipotent One Party Rule continues to bring Connecticut to its knees economically.  Can voters see why?  Massive budget deficits, long term unfunded debt liabilities, unknown job creation and growth, excessive unemployment, political nepotism, higher tax rates in the country, residents moving out at record numbers, businesses moving out of state, the list seems endless.

This is the four year reelection reality of the Malloy Economic Debacle along with Hartford's Omnipotent One Party Rule.  We are a state bankrupt economically and ethically.  

We need a change in November.  We need in November a Republican Governor along with both a Republican House of Representatives and Republican Senate.  Enough of bought state government and Malloy's Economic Debacle along with Hartford's Omnipotent One Party Rule.

Connecticut can not survive four more years of this.

The Governor Feels You Are Worth $55 And Or $110-I Guess Taxpayers Votes Are Worthless?

If you earn under $200,000. a year you are worth $55.  If you earn under $400,000 a year you are worth $110 a year.  That is what you are worth according to Governor Malloy in an effort to get you to vote for him again.  It is part of his economic fantasy plan to give back a few dollars to state taxpayers who were slammed with the largest tax increase in our state's history when he took office.  He wants to rebate taxpayers either $55 or $110 this year in an effort for you to vote him back into office (Why?).  In the past four years I believe all taxpayers have paid much more than either $55 or $110 in higher taxes.
What happened to the largest tax increase which was supposed to place Connecticut on the road to recovery.
What recovery?
What surplus?
Connecticut still has massive debt both short term and long term.  It will probably have at least a $1 billion dollar deficit fiscal year 2015.  It still has massive unfunded pension obligations and massive long term bond debt.  It is still is near last in most economic categories with non existent job growth,  high unemployment, one of the highest set of taxes in the country, little cash or budget solvency, and a horrific short and long term fiscal condition.
I guess the Governor's largest tax increase in our state's history has not done much in four years now.  Connecticut continues to be a vast economic wasteland under Hartford's Omnipotent One Party Rule largely in part to the economically irrational policies of Governor Malloy.
I hope voters and taxpayers see how little they are worth to Hartford's Omnipotent One Party Rule and Governor Malloy.
Higher taxes and Hartford's Omnipotent One Party Rule have not solved any economic problems in our state.
What an insult $55 and $110 is the citizens of our state.

The Tired State Of The Union

Our State of the Union is very tired.
Five years now of the same, more government will resolve all of our problems.
More laws, more taxes, more of the same.
If Mr. Obama does not get what he wants then he will use his executive order supposed powers-why bother with the United States Constitution now and why bother with Congress which has the legal power to pass laws?
Nothing was said new last night, just as a reminder to the President he has helped create great economic inequality in his five years as President.
Funny no mention of Obamacare and the nightmare it has created for many Americans.
Funny no mention of the NSA spying scandal.
Funny no mention of the IRS investigations of conservative groups.
Funny no mention of Benghazi.
Funny no mention of our out-of-control National Debt.
Our State of the Union is very tired.
Five years now of the same, more government will resolve all of our problems.
More laws, more taxes, more of the same.
More and more rhetoric with the never ending campaign to nowhere.
Three more long years of America's economic nightmare continuing unabated.  By a President totally ill equipped to lead our country.
I truly hope our country can survive.

The Common Core One Million Dollar Ad Campaign Paid For By Connecticut Taxpayers

What is Common Core?  A mere $1 Million Dollars of Connecticut Taxpayers monies will soon be spent to find out.  Common Core is an educational program which ties adoption to "Race to the Top" Federal funding for education.  What are we racing to the top of?  No answers. 
Fortunately State Senator Joe Markley, who is the Republican State Senator from the 16th District is introducing a bill to block Connecticut from spending $1 Million Dollars of Connecticut Taxpayers monies to advertise the bill. 
We still really do not what the standards are of Common Core.  As a Adjunct College Professor for the past thirty-two years now I have seen a continual decline in student abilities and preparedness especially over the past ten years.   Students in many cases are completely unprepared for a college level course.  Public education in my economic opinion is a bureaucracy with little advancement going on in actually teaching our students.  Common Core standards set by Federal Educational Bureaucrats will do little to help this situation.  One can test students all of the state and federal state mandates they want to measure some hypothetical metric with still no results of the student actually understanding and learning a topic or subject.  It is more of the same of stifling actual learning for our students.
Why did the State Board of Education pass Common Core with no input from any educators, parents or our elected officials?  And why is $1 Million Dollars of Connecticut Taxpayers monies needed to advertise the bill?
Senator Markley's bill should be passed - today if possible.  What a waste of education in our society.

Oops more bad economic news for Hartford's Omnipotent One Party Rule

Oops more bad economic news for Hartford's Omnipotent One Party Rule, courtesy of a George Mason University working paper written by Sarah Arnett.  In an excellent analysis of all 50 states financial solvency Ms. Arnett uses precise formulas to present a real world view of all of the 50 states fiscal conditions.
Here is the link for the paper: http://newjersey.watchdog.org/files/2014/01/Arnett_StateFiscalCondition_v1.pdf

Here is the bad news for Connecticut:
From Table 5. Ranking of States by Cash Solvency (Fiscal Year 2012), Connecticut Ranks 48 out of 50 states in Cash Solvency.
From Table 6. Ranking of States by Budget Solvency (Fiscal Year 2012) Connecticut Ranks 41 out of 50 states in Budget Solvency.
From Table 7. Ranking of States by Long-Run Solvency (Fiscal Year 2012) Connecticut Ranks 48 out of 50 states in Long-Run Solvency.
From Table 8. Ranking of States by Service-Level Solvency (Fiscal Year 2012) Connecticut Ranks 45 out of 50 states in Service-Level Solvency.
From Table 9. Ranking of States by Fiscal Condition (Fiscal Year 2012) Connecticut Ranks 49 out of 50 states in overall Fiscal Condition

Thus these economic rankings should be pretty impressive given one of the highest tax increases in our states history, ranking near last in all of these fiscal categories.  It is truly an impressive economic record for Mr. Malloy and Hartford's Omnipotent One Party Rule to run on-overseeing an economic debacle of the greatest proportions.
Oops more bad economic news for Hartford's Omnipotent One Party Rule-but who cares especially when you are dealing the remaining hard working taxpayers monies in Connecticut.

America's Never Ending National Debt

$17 trillion dollars and counting.  That is America's never ending National Debt.  And if taxpayers were to look at the new 1,582 page spending bill which increases spending by a mere $45 billion dollars they would see more of the same.  More wasteful spending, more entitlement programs and absolutely no plan to pay down the National Debt whatsoever.
It is more of the same.  $17 trillion dollars and counting.  No relief in sight.
Some uncomfortable economic facts about our National Debt is that China now owns over $1.3 trillion dollars of that debt.  Japan owns a mere $1.186 trillion dollars of the debt.  Why?  Has anyone in our Congress looked at the human rights violations in China lately?  Just curious.  Has anyone examined how China does business with our country or other countries lately?  Just curious.
Each citizen's share of the National Debt is over $54,000.  A family of four owes over $216,000.  Just curious as to when an actual National Debt tax assessment will be formulated by Congress?  Don't laugh it could happen.
I have come to an economic conclusion that our political system and those involved in it especially at a state and national level only concerns are their political egos, political power and economic gain they can take from our government and in turn from you and I the taxpayers who support this economic debacle.
The National Debt Game brought to you by our economically challenged elected officials.
$17 trillion dollars and counting.  That is America's never ending National Debt.
What is the plan to pay it back?

Connecticut's Inherent Corruption #4

I truly can not keep up with all of Connecticut's Inherent Corruptions that are currently going on for all taxpayers to view.
I truly can not even narrow down the donations, the loans and the forgiveness of all these different loans thanks to the hard working taxpayers of Connecticut.
Thus we are in full reelection mode for Mr. Malloy and Hartford's Omnipotent One Party Rule.  Give me a donation and we will give you a loan.  All perfectly legal and thanks to the hard working (what is remaining of) taxpayers of Connecticut.
Back to my original Connecticut's Inherent Corruption Swick Speak Blog of 1/4/14, there are now even more issues to the Earl O'Garro, Jr. whose Hybrid Insurance Group failed to pay insurance premiums totaling $670,000 for the City of Hartford policies that they carried with his company and owes the Department of Economic Development $376,000 plus of taxpayers monies.  He has apparently defaulted on those loans and may be in debt to the tune of $1 million dollars through various lawsuits, state records and other records according to a Hartford Courant report http://www.courant.com/community/hartford/hc-ogarro-second-court-order-0114-20140113,0,1639332.story
O'Garro, Jr. has now been charged with failing to pay wages to five of his employees and has been arrested for it by the State Police and released to appear in court on 1/23/14.   By the way he also owned a restaurant in Middletown.  What a mess, but hey isn't he politically connected and therefore should not be concerned with it?
I have a simple question for Mr. Malloy and Hartford's Omnipotent One Party Rule-when are Connecticut's hard working taxpayers going to get their $376,000 back?  What is the schedule and plan?  When is it going to be communicated to the hard working (what is remaining of) taxpayers of Connecticut?
I guess I will be waiting a long time for my answer.

Connecticut's Inherent Corruption #3

10 jobs per year per loan-for a total of $5,150, 000 spread among four loans.  $4,750,000 of these loans are deferred until 2017 and 2018.   Welcome to Connecticut's Department of Economic and Community Development's taxpayer-funded aid program.  Free taxpayers money with liberal repayment terms all for a mere 10  jobs a year being created supposedly.
Connecticut's Inherent Corruption #3 features Back9Network which is a fledgling Hartford-based cable golf network that's received more than $5 million in state grants and loans from Connecticut's taxpayers.   They owe the state a great deal of money.  They were supposed to start broadcasting January 1, 2014 and have not yet.  They are also being sued by one of the their former Vice President's for $80,000 which he has claimed he spent in his own money for the company and apparently was let go by the company.
But to me here the more fascinating part of this issue: The loans, one in 2012 for $750,000 and one in 2013 for $4 million, for which payments are deferred until 2017 and 2018 loans were made under the Connecticut's Department of Economic and Community Development's Manufacturers' Assistance Act program.
Here from the Department of Economic and Community Development website is what it means:
Economic and Manufacturing Assistance Act (MAA) – Incentive-driven direct loans for projects when there is a strong economic development potential
Eligible uses for MAA funds
Planning, including but not limited to: feasibility studies, engineering, appraisals, market studies and related activities
Acquisition of real property, machinery or equipment or any combination, provided such assistance does not exceed the fair market value
Construction of site and infrastructure improvements relating to a municipal or business development project
Construction/renovation/demolition of buildings
Relocation expenses for the purpose of assisting manufacturing or other economic-based businesses to locate, construct, renovate or acquire a facility
Working capital in conjunction with a business development project
Business support services such as labor training, day care, energy conservation, pollution control, recycling and the like, in conjunction with other state agency

I am unclear as an economist as to how these loans and funds apply to a Cable TV Golf Channel.  But again what do I know about economic development and free taxpayers monies.   I do not know how to play Connecticut's "Pay For Play"  Economic Game with Hartford's Omnipotent One Party Rule. 

Connecticut's Inherent Corruption #2

I was asked by several of my readers to continue to expand on my last blog regarding what many are calling "Pay for Play" or Connecticut's Inherent Corruption scandals.  There are many thus I plan on writing about as many as I can.  
Today I would like to feature another questionable donation to Hartford's Omnipotent One Party Rule - Connecticut's Democratic Party.  This time it is Affordable Housing-one could ask what is actually affordable in Connecticut with its high tax rate?
I feel these contributions again focus upon the "Pay for Play" mentality of our state government.  One must remember that anyone including state contractors can contribute to any state party's federal account-how this is legal or ethical is debatable in my economic opinion?   But it seems to me that this is the way to "Pay for Play" in Hartford.  Make a contribution then get a state contract-how this is saving taxpayer's monies is any ones guess, but when you are in power - you do whatever you want.
Bruce Whittaker, Jr. who owns the Millennium Group, also has a Division of his company, Millennium Real Estate Services LLC, that manages Sasco Creek Apartments which is owned by the Westport Housing Authority.  Mr. Whittaker gave $5000 to the Democrats on November 19, 2013-amazing enough on November 21, 2013, Millennium received a 4% loan from the Connecticut Housing Authority and $5.7 million in "gap funding" from the Department of Housing for Sasco Creek Apartments to redevelop it adding 54 more units to the current 33 mobile home units that are there.  The original 33 units were built in 1985.  Gap funding may be in the form of a grant and or loan.  From Connecticut's Department of Housing website - "DOH seeks to leverage non-State funds to catalyze the creation and/or preservation of affordable multifamily housing to promote healthy lives, strong communities and a robust economy."
Connecticut really has a robust economy?  According to who?  
Hartford's Omnipotent One Party Rule - Connecticut's Democratic Party?  "Pay for Play"  Yet another example.

owner of Millenium Real Estate, gave $5,000 on Nov. 19.
Two days later, Gov. Dannel Malloy announced Sasco Creek Apartments, owned by the Westport Housing Authority and managed by Millenium, would receive a 4 percent loan from the Connecticut Housing Finance Authority and $5.7 million in “gap funding” from the new Department of Housing.
Employees of Viking Construction gave $3,500 in November. Anthony Gaglio Jr., the company president, donated $10,000 in July and has made large donations to the Democratic Party in the past. In September 2012, he posed for a picture with Malloy in front of a sign highlighting the “cooperation” of the state in the construction of The Heights at Darien, a Viking project.
Matthew Anderson of Imagineers donated $2,500. The company administers Section 8 housing vouchers for some housing authorities.
- See more at: http://www.raisinghale.com/2014/01/03/affordable-housing-industry-adds-to-democratic-coffers/#sthash.fdA5erSk.dpuf

Connecticut's Inherent Corruption

Apparently it has become legal for Connecticut to be corrupt.  One must give a contribution to the Democratic Party and thus one's business or individual person gets a state contract and or taxpayer funded position in our state.  Thus in my economic opinion Connecticut has become inherently corrupted.
Trying to gather information on this pay for play corrupted state government has become difficult.  The media avoids the subject since it must be lock and step to with Hartford's Omnipotent One Party Rule.  We get little if any answers from our taxpayer funded elected officials either.
The pay for play issue which should make all state taxpayers call their legislators is what the Department of Economic Development did with $376,000 plus of taxpayers monies.  That money was given to politically connected Earl O'Garro, Jr. whose Hybrid Insurance Group failed to pay insurance premiums totaling $670,000 for the City of Hartford policies that they carried with his company. The money was apparently wired to his company rather than the insurance carrier that holds the policy as is the norm.  His company back in 2012 was given a mere $126,000 of taxpayers monies in loans and grants to move from Windsor to a building in Hartford which was owned by Hartford's Treasurer Adam Cloud (who apparently authorized the wire payment to O'Garro's company not the carrier for the premiums), his brother and his father. 
What a political mess.  But not to worry as we see little news regarding what is being done to get this taxpayer money back.  I also feel sorry for the City of Hartford's taxpayers who just saw $670,000 of their money go out the window.
Thus we have Example #1 of Hartford's Omnipotent One Party Rule corruption and scandal.  Maybe Mr. Malloy could take time out of his busy fundraising schedule and address it.  And maybe taxpayers could get a better explanation of where their $376,000 went. 
Connecticut's Inherent Corruption-alive and well in this election year.

Sunday's Random Thoughts

Some Random Sunday Thoughts-back from my writing vacation:
Apparently if you do business in Connecticut one must make a contribution to Hartford's Ominpotent One Party-The Elite Democratic Party.  Obviously, it is legal and encouraged.  Think about it next time you paying one of Connecticut's many highest taxes in the country.  Think about it when you paying one of the highest gas prices in the country while stuck in yet another traffic jam on one of Connecticut's highways.
Obamacare still does not work, nor do we know how much taxpayers will be paying both for their new policies and the new hidden taxes of the plan.  Obamacare remains an inept economic debacle.  Taxpayers and voters will ultimately blame the Democratic party for this nightmare.  It still should be repealed immediately.
Any news on the different Obama scandals?  The NSA?  The IRS?  Obamacare?   Benghazi?   EPA emails?  Circumventing the Constitution?  Recess Appointments?  Just wondering if any truths will be found?
Oh well just three more years of this economic debacle of an Administration...

Yes I Am Now A Victim Of Obamacare-My Policy Was Cancelled

I am victim.  Should I be surprised?  Should I be angry?  Should I just marvel at the economic stupidity of this Administration in its implementation of this socialized health care program?  However I am still a victim.

I have a health insurance policy today, which will be ending when it is time for renewal.  The insurance company has stated that there will similar plans available to the one I currently have.  Really?  What new deductibles will I be forced to pay for?  What new mandated procedures that I will not use must I pay for?  How much higher will my premiums go up in this new policy?

It is a secret.  It is a secret to understand the economic illiteracy of Obamacare.  A plan developed on whim with many political favors being paid off and special interest lobbying groups being compensated.  All in the name of a failed socialized health care plan.  All in the name to desperately try to create a socialized single payer system.  

Obamacare is the medical and economic nightmare we must endure forced upon us by the Democratic Party in Washington.  They own it, their names are on it. 

I also find it amusing that the Connecticut Socialized Health Care exchange known as Access Health, CT is spending a mere $75,000 to have three murals painted and placed in three health care buildings throughout the state.  What a new and creative way to waste taxpayer’s monies here in Connecticut-notice also how the media does not cover this story.

But hey-I am a victim of the largest health care scam that our economy will ever have to endure and pay for.   And many more will be victims of Obamacare.  It is the new cancer of our economy.

Mr. Malloy's Economic Wasteland

We know there is an election upon us in 2014.  We know here in Connecticut we are near last in all economic categories as compared to other states.  We have one of the highest tax rates in the country along with almost the highest costs in workers compensation insurance, unemployment compensation taxes, high local property taxes, a lack of economic growth, and a dismal business climate.
Voters in Connecticut hopefully will recognize that this is the record of Mr. Malloy and Hartford's Omnipotent One Party Rule in the State Legislature.
I am curious as to how the state is going to end up with yet again another massive budget deficit after Mr. Malloy's massive $1.8 billion dollar tax increase when he took office-I thought this was going to resolve the state's fiscal deficit issues?  What happened?  What is the Governor's explanation?  Is it he has only been in office for three years now?  For three years now we see a lack of economic growth, a lack of economic development (except for those companies who contribute to the Democratic party) and a continual net loss of citizens in the state.  That is apparently an excellent record to run a reelection campaign upon.
Mr. Malloy has helped to nurture more of the same helping make Connecticut a vast economic wasteland.
We really need to see a democracy in Hartford again.  We need to see a state government that actually represents the taxpayers that pay for it.  We need to end the brutal regime of Hartford's Omnipotent One Party Rule.