tag:blogger.com,1999:blog-9069955.post1176967505861914186..comments2023-10-26T08:02:44.948-04:00Comments on Connecticut Commentary: Red Notes from a Blue State: Malloy To Wall Street: Take ThisDon Pescihttp://www.blogger.com/profile/11167988001948356357noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9069955.post-66599879632471156762011-08-25T16:24:36.838-04:002011-08-25T16:24:36.838-04:00All the indicators suggest that Connecticut’s debt...All the indicators suggest that Connecticut’s debt will grow. Certainly debt is not diminished through tax increases that are not applied to liquidating the state’s permanent debt. The nearly $1 billion artificial surplus built into the budget has given the Malloy administration the opportunity to engage in a putative jobs program. And much of the tax overcharge – that is what a surplus is – will be (excuse my language) pissed away on boondoggles projects like the UConn Health Center and the costly and destructive bus way project. The state now is being bribed by Big Business, though, of course, Mr. Malloy invited the bribery. The money supplied by the Malloy administration to UBS represents dollars taken from Main Street to support Wall Street. There is no better way to put it. I’m waiting for some Republican to say it. But I am not holding my breath. This is welfare for Wall Street at its worst. Ordinarily, we could expect progressive Democrats to raise a holler about all this, but Governor Jodi Rell has left the building, and Mr. Malloy is a progressive. So – hush!Don Pescihttps://www.blogger.com/profile/11167988001948356357noreply@blogger.comtag:blogger.com,1999:blog-9069955.post-62439909092192116942011-08-25T15:32:30.812-04:002011-08-25T15:32:30.812-04:00CT bet big on the finance industry to make up for ...CT bet big on the finance industry to make up for chasing everything else out. To even appear to lose UBS from his hometown would be bad for Malloy. Fortunately he can dip into the public purse.dmoellinghttps://www.blogger.com/profile/13128088863830769762noreply@blogger.comtag:blogger.com,1999:blog-9069955.post-39027120937425202002011-08-25T13:37:20.065-04:002011-08-25T13:37:20.065-04:00How much is this costing taxpayers per employee? $...How much is this costing taxpayers per employee? $50,000, more? So Malloy's idea of shared sacrifice is to have everyone pay more (except the public employee unions) and then he gives money to either well-connected constituencies, or those with leverage - like UBS.Pauldznoreply@blogger.comtag:blogger.com,1999:blog-9069955.post-41319858987433699202011-08-25T09:19:14.849-04:002011-08-25T09:19:14.849-04:00Likely.Likely.Don Pescihttps://www.blogger.com/profile/11167988001948356357noreply@blogger.comtag:blogger.com,1999:blog-9069955.post-91748161990741769562011-08-25T09:17:53.856-04:002011-08-25T09:17:53.856-04:00Didn't I also read that due to poor financial ...Didn't I also read that due to poor financial results UBS was dropping adding new space in Manhattan? So they snookered O'l Dannel for $20M for something they were going to do anyway.dmoellinghttps://www.blogger.com/profile/13128088863830769762noreply@blogger.com