Over the last year there have been countless economic reports touting Connecticut’s poor economic performance. In a variety of ratings, grades are based on state spending, new taxes, borrowing, government regulations and economic policies. In all of these surveys and reports we finish in the bottom of the pile.
But, last week’s Bureau of Economic Analysis report, that’s the U.S.Commerce Department, was chilling news. Connecticut is the ONLY state in the country whose economy actually shrank over the last two years. This is indeed the final wake-up call for the “Malloy Supremacy” and the Democrats. It’s time to stop codling the unions and start promoting job creating policies. Dan Haar, Hartford Courant business columnist said, in my 18 years of following economic reports “this is the most shocking piece of news I’ve ever seen, period.”
You can expect Governors from all across the country to continue soliciting companies to their states. So much for the Administration’s ”Still Revolutionary” $27 million ad campaign. Stay tuned this week as we analyze a plan to get out of this mess.