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Showing posts with the label Pratt&Whitney

Connecticut’s Trump Bump And Culture Reinvention

While Connecticut Democrats were busying themselves thumping President Donald Trump during the recently concluded elections – the state’s all Democrat US Congressional Delegation would not shed a tear if U.S. Senator Dick Blumenthal, Speaker of the US House Nancy Pelosi and US Senator Chuck Schumer were to succeed in impeaching him – Trump has delivered the goods to The Provision State. The state’s underperforming economy may finally join the rest of the nation, much of which had recovered from the Great Recession many moons ago, in a splendid recovery – just in time too. Economists in Connecticut have not titled the coming jobs boom The Trump Bump, although a recent Hartford Business Journal (HBJ) report, “ UTC’s 4Q profits jump 73%; CEO Hayes airs separation plans HBJ ” comes dangerously close.

The Progress of Connecticut’s Progressives: Is Larson Toast?

Connecticut’s gerrymandered First District, the eagle’s aerie for the last 20 years of US Representative-for-life John Larson, may in the future develop progressive cracks. Have Connecticut’s “safe” Democrat districts become suddenly vulnerable to attack – certainly not from moderate or right of center Republicans, but from newly animated progressives? Representative-for-life Rosa DeLauro of the 3 rd  District may be less vulnerable than other more moderate Democrats in Connecticut’s US Congressional delegation, because she is, and has been for a long while, the tip of the progressive spear point in Connecticut. But DeLauro too is getting on – she is 75 years young – and while the spirit may be willing, frail human bodies are subject to all the ills flesh is heir to. Here in Connecticut, progressives now have a legitimate claim on Democrat politicians in the state’s General Assembly. Almost half of the legislature’s Democrat caucus is made up of progressives. And their br...

The Lamont Honeymoon

We cannot know yet what a Ned Lamont administration will be like. Fate is always a work in progress. But it seems a reasonable assumption that there will be Democrat Party continuity between the Malloy and Lamont administrations; both Lamont and Malloy are progressive Democrats. Lamont did stress during his campaign that he had run for governor against Malloy, but this was largely a feint for show. Nothing in the Lamont campaign suggests a policy break with Malloy. Moreover, the election results have returned Connecticut to the status quo ante as it existed during Malloy’s first campaign. Republicans had made some inroads to power during the Malloy administration. Prior to the November elections – a stunning victory for the majority party in Connecticut -- Republicans were at parity with Democrats in the Senate and trailing them by a few seats in the House. The election washed out these gains.

The Trump Business Bump In Connecticut

Some time ago, a Connecticut Trumpeter confessed to this political writer that he had been having a recurrent nightmare. Military procurements during the Obama administration have been slender. Connecticut is still referred to in some corners as “the provision state” because, since the Revolutionary War, Connecticut has provided the national military with provisions. It continues to do so; Pratt&Whitney, Electric Boat and Sikorsky are very much going concerns. Obama’s military budget was considerably more modest than Trump’s, as the President never tires of reminding the country. Dollars spent on the military are, to no one’s surprise, good for Connecticut. Federal dollars spent on military procurements produce Connecticut jobs, which produce funds that replenish the state’s treasury -- all good, all the time.

Republicans Downgrade Malloy

S&P Global Ratings has lowered Connecticut’s rating one notch from A+ to A. Credit analyst David Hitchcock provided a list of reasons justifying the downgrade. Hitchcock noted, according to a CTMirror story , that Connecticut has one of the highest per capita debt ratios in the nation, having ended the last fiscal year with a taxpayer bonded debt approaching 24 billion. The state has been struggling with ways to provide support for its poorly funded municipal teachers’ pension program. Connecticut, according to Hitchcock, “has a history of deficit financing during recessions.” Connecticut has yet to recover fully from a recession that official ended several years ago. The state’s emergency budget reserve is dangerously low at $210 million, according to Hitchcock, an amount just larger than 1 percent of annual General Fund operating costs. CTMirror reports that “Comptroller Kevin P. Lembo recommends a reserve of 15 percent.”

Small Business Association, Blumenthal vs McMahon Round Two

"The best laid schemes o' mice an' men / Gang aft agley" – Robert Burns President Elect Donald Trump, who knows Linda McMahon more intimately than U.S. Senator Dick Blumenthal, has appointed the former CEO of World Wrestling Entertainment (WWE)  to head the Small Business Association (SBA). Mrs. McMahon twice ran for high political office in Connecticut, losing to then Attorney General Dick Blumenthal in 2010 and to Chris Murphy in 2012, but not before she slathered the political landscape with nearly $100 million. It was noted at the time that wrestlers sustain injuries and Mrs. McMahon had a yacht. If Mr. Blumenthal, slightly edging out Nancy Pelosi as the eleventh richest U.S. Congressman   in a body swelling with 268 millionaires, showed any anxiety that his election would turn on Mrs. McMahon’s millions, no worry wrinkles appeared on his placid brow during the campaign.

Sharkey Bites Back

“The past was erased, the erasure was forgotten, the lie became truth” – George Orwell, 1984 The “constant sniping and cherry-picking bad news from the good” has given Connecticut Speaker of the House of Representatives Brendan Sharkey heart palpitations. In a Hartford Courant column , Mr. Sharkey writes: “Rather than attempt to establish themselves as credible participants in our state's democratic process, the Republicans will say or do anything in an attempt to gain a political advantage, no matter how harsh or misleading, and without regard to the negative effects their behavior has on Connecticut's economy or its future.

Connecting Connecticut’s Dots

The deficit is back. Like an aging coquette, it appears and disappears around corners, smiling fetchingly at us: Here today, gone tomorrow, back again the next day. It appears that the skeletons came out of the closet a few days after Governor Dannel Malloy, the seven members of  Connecticut’s all Democratic U.S. Congressional Delegation, members of the all-Democratic State Constitutional Offices and Democrat legislators who dominate the General Assembly were returned to office. Faced with an “unexpected” state deficit, Ben Barnes, the Head of Governor Malloy's Office of Policy Management, said that Connecticut should perhaps expect chronic deficits in the future, a thunderclap that caught the notice of some papers. Mr. Barnes may have been mistaken by some, if only for a moment, for Jonathan Gruber, an MIT Don dripping with ivy and one of the architects of President Barack Obama’s Health Care initiative. Mr. Gruber is on record as having said in various venues that Ob...