Connecticut Economy. Self Destruction has been 20+ years in the making.

09/03/14
Economics

In this article on my local news paper Register Citizen Article, there are a few key things that are not said. If you have an open mind and are not afraid to speak the truth, you will be able to read between the lines.

The Connecticut economy isn't struggling or lagging; it is in a politically induced coma. The policies of the big government left and the Statists have done everything they can to turn CT into a great state to live in, but a horrible place to work in. Ever since Gov. Lowell Weicker signed into law a massive, deadly clot in the arteries of Connecticut: Income Tax.
This is an article, from August 23, 1991. That date, is when Connecticut began the process of self destruction. Article The path that Connecticut has been on for the last 23 or so years, is the same path Chicago, Detroit, Camden, California and many other cities and states have been on or will soon be on.

If you don't live in Connecticut, you probably don't know how bad we are doing. My grandparents and most of my family has lived in the Valley area and Waterbury for the last 150 years or so. My Grandmother worked at Timex in Waterbury, my grandfather worked at Int'l Silver in Wallingford after retiring from the US Army Air Force after WW2. Up and down Route 8, there are big, red brick factories that once were where so many CT residents made their living and lived the American Dream. I always ask people how many jobs would be created if just 30% of the factories were up and running today.  

Bridgeport looks like shit today, so does Torrington, Waterbury, New Haven and many other cities here. If I told you that Connecticut is exactly like Chicago, with the only difference being CT is a state and Chicago is a city, it would be the easiest way to get the point across to even the most oblivious Liberals.  

The corruption isn't limited to Democrats either. Rowland couldn't and can't keep his paws clean. Malloy, in reality has done a lot of harm to the state. We are 3 Billion dollars in debt, and will hit 7 Billion by 2019 because of him and his decisions as governor (my prediction). When Malloy went after the gun rights of CT Residents, he shot himself in the foot. Not because he banned a bunch of different guns, but because the law resulted in several major manufacturers relocating because they could no longer operate here. It is one thing to raise taxes, taxes can be lowered. Once you effectively shut down a specific industry and manufacturers relocate to other states, you will never get them back. Colt will never return to CT once they get "down south." 

Give it a few years, CT will end up resorting to pathetic tax free zones, like NY did as a last ditch, do or die effort to revive their economy. Malloy and Cuomo could write the definitive guide on crippling a state. Lets take NY, NJ and CT, combine them and I think the numbers are over 6 million people. That's right, over 6 million people have left those states because of failed political policies and ideas. 

Did I mention that my family will be moving out of CT in 4 years? Oh and 25 people who I personally know have either relocated to TX, TN, SC, NH, FL or ND  or plan on relocating to other states in the next few years. Everyone is tired of the high taxes, big government and dead economy. 

In the next 10 years, CT will have a population of less than 2.3 Million people. Out of 10 residents, 7 will live at or below the poverty level, 2 will be middle class and 1 will be upper class. Crime will skyrocket and there will be nothing good to say about Connecticut. All will fall like Rome.

Thanks for reading.