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Showing posts with the label Bridgewater

Connecticut Down, Malloy Down

That crunching sound you hear is the fall of the house of Malloy. Governor Dannel Malloy’s disapproval rating at Mid-March was a hefty 68 percent, according to a recent poll published by Quinnipiac College . The low approval rating of 23 percent marks Mr. Malloy, head of the Democratic Governors Association, as the most unpopular governor in the nation, only a few weeks after Mr. Malloy was awarded the Kennedy Center’s Profile in Courage Award. A previous Connecticut Governor, Lowell Weicker, also received the same award shortly after his popularity rating in the state plummeted during his contentious term in office, in the course of which Mr. Weicker had vetoed three non-income tax budgets and finally succeeded in forcing the General Assembly to impose an income tax on a state that once had attracted businesses because it was a low tax, low regulatory Eden.

Crony Capitalist Democrats

It began as a “First Five” program and then, as happens with the usual governmental fix, quickly expanded, while retaining in its name the modest number “Five.” The day after Democratic voters in Connecticut went to the primary polls and chose Elizabeth Esty over Chris Dovovan in the 5 th District campaign for the U.S. Senate, Mr. Donovan having caught his foot in an FBI snare, Governor Dannel Malloy announced he had given to Bridgewater, the world’s largest hedge fund,   a $25 million ten-year forgivable loan at 1 percent, a $5 million job training grant, a grant up to $5 million for the building's alternative energy systems and up to $80 million in urban and industrial reinvestment tax credits.