Obama’s Bear Market

Bloomberg News is reporting that President Barack Obama now has the distinction of “presiding over his own bear market.” Bear markets shred investments.
“The Dow Jones,” the news service said, “fell 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data compiled by Bloomberg. The gauge has lost 53 percent from its October 2007 record of 14,164.53, slipping 4.1 percent to 6,594.44 yesterday.”

Congratulations are in order. There are some as yet infirm plans to name the present market “The Obama Market,” in honor of the president’s economic programs.

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Lamont Surprised at Suit Brought Against PURA

Marissa P. Gillett, the state's chief utility regulator, watches Gov. Ned Lamont field questions about a new approach to regulation in April 2023. Credit: MARK PAZNIOKAS / CTMIRROR.ORG Concerning a suit brought by Eversource and Avangrid, Connecticut’s energy delivery agents, against Connecticut’s Public Utility Regulatory Agency (PURA), Governor Ned Lamont surprised most of the state’s political watchers by affecting surprise. “Look,” Lamont told a Hartford Courant reporter shortly after the suit was filed, “I think it is incredibly unhelpful,” Lamont said. “Everyone is getting mad at the umpires. Eversource is not getting everything they want and they are bringing suit. It was a surprise to me. Nobody notified me. I think we have to do a better job of working together.” Lamont’s claim is far less plausible than the legal claim made by Eversource and Avangrid. The contretemps between Connecticut’s energy distributors and Marissa Gillett , Gov. Ned Lamont’s ...

Maureen Dowd vs Chris Murphy

Maureen Dowd, a longtime New York Times columnist who never has been over friendly to Donald Trump, was interviewed recently by Bill Maher, and she laid down the law, so to speak, to the Democrat Party. In the course of a discussion with Maher on the recently released movie Snow White, “New York Times columnist Maureen Dowd declared Democrats are ‘in a coma’ while giving a blunt diagnosis of the party she argued had become off-putting to voters,” Fox News reported. The Democrats, Dowd said, stopped "paying attention" to the long term political realignment of the working class. "Also,” she added, “they just stopped being any fun. I mean, they made everyone feel that everything they said and did, and every word was wrong, and people don't want to live like that, feeling that everything they do is wrong." "Do you think we're over that era?" Maher asked. “No," Dowd answered. "I think Democrats are just in a coma. Th...

The Blumenthal Burisma Connection

Steve Hilton , a Fox News commentator who over the weekend had connected some Burisma corruption dots, had this to say about Connecticut U.S. Senator Dick Blumenthal’s association with the tangled knot of corruption in Ukraine: “We cross-referenced the Senate co-sponsors of Ed Markey's Ukraine gas bill with the list of Democrats whom Burisma lobbyist, David Leiter, routinely gave money to and found another one -- one of the most sanctimonious of them all, actually -- Sen. Richard Blumenthal."

Connecticut Commentary: Red Notes from a Blue State

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