tag:blogger.com,1999:blog-9069955.post2372238915765316934..comments2023-10-26T08:02:44.948-04:00Comments on Connecticut Commentary: Red Notes from a Blue State: Donovan, Williams, Malloy And The Coming CrisisDon Pescihttp://www.blogger.com/profile/11167988001948356357noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9069955.post-72703502379574949592010-11-16T14:50:58.433-05:002010-11-16T14:50:58.433-05:00David,
"Last year the Feds bailed out CT but...David,<br /><br />"Last year the Feds bailed out CT but not this year."<br /><br />They'll have too many customers. In a command political and economic structure in which the federal government decides which businesses and states survive, every decision is political. It would not be politically prudent for national Democrats to rush to the aide of Connecticut, a reliable Democratic state. Besides, the state has the perhaps undeserved reputation of being a hostelry of wealthy millionaires. Have you noticed how rapidly “millionaires” have been downgraded: Quarter millionaires are now treated as millionaires. Connecticut’s reputation will change after state Democrats are successful in plundering these quarter-millionaires through the imposition of a steeper progressive income tax. Like their cousins in Washington, state Democrats will not be able to let the coming crisis go to waste.Don Pescihttps://www.blogger.com/profile/11167988001948356357noreply@blogger.comtag:blogger.com,1999:blog-9069955.post-8280758414225470972010-11-16T13:25:07.949-05:002010-11-16T13:25:07.949-05:00I didn't read Steve Rattner's book about t...I didn't read Steve Rattner's book about the GM bailout, but I did see some of the reviews. One thing that struck me was the comment that the UAW leadership was truly astonished that GM was indeed broke. Their feeling that the company was always pleading poverty during contract negotiations blinded them to reality.<br /><br />I think this is true of many of the hard core public union leaders. Last year the Feds bailed out CT but not this year.Unknownhttps://www.blogger.com/profile/14206650643306740510noreply@blogger.com