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Thursday, April 26, 2018

Something Connecticut Already Knew

In the last seven years, Connecticut's economy has been stagnant.  Governor Malloy and the Democrats who control Hartford raised taxes on individuals and businesses.  People fled the state for lower tax locations.  Regulations on businesses exploded.  Businesses, both large and small, fled the state.  As a result personal income in the state grew at a slower rate than all but one other state during that time.  It's so bad that the Wall Street Journal today wrote a lengthy story about Connecticut's sad state of affairs.  The Journal focuses also on Malloy's deals with the state employee unions under which those unions are the biggest beneficiaries of state government.  Indeed, the Journal doesn't mention it, but the average income of state workers far exceeds the income of other households in the state.

In November there will be a new governor elected.  No matter who wins, that person will be faced with the task of trying to restart the engine of growth in Connecticut.  We've seen that happen in DC over the last year and a half.  President Trump may not be popular in Connecticut, but no one can deny that he has managed to get the US economy growing by more than 50% faster than was the case under Obama.  Picking someone who can accomplish the same thing in CT should be the first task of voters in November.

1 comment:

Axster said...

Bob Stefanowski is one candidate who is running many adverts on local CT TV stations.
Sounds like a fiscal conservative.