[seymourct]

What is our state doing to help us? Michigan has its EDC ad campaign running nation wide. Do we have an ad campaign? NO!!! we don't. and we need one!!!!

Title of CT Economic Digest article for Oct.2008 Page 4
Indicators Warn of Connecticut Economy at Risk
http://www.ct.gov/ecd/lib/ecd/ct_dig...8/cedoct08.pdf

Thanks Hartford for being clueless.

When given a suggestion recently to develop some of CT and bring business in, the Gov. Office responded to me with this quote.
+++++++++++++++++++++++++++++++++++++++++++
"The Governor will continue to work closely with Commissioner Joan McDonald of the Department of Economic and Community Development to develop a state economic strategic plan. {MEANS WE DON'T HAVE A PLAN NOW} The Governor believes that our state must continue to capitalize from our strong work force, ingenuity, education resources, and experience in the fields of biotechnology, pharmaceuticals, aerospace and financial services, {WHY NOT ALL INDUSTRIES?}while positioning ourselves to attract companies and jobs from new and upcoming fields."

++++++++++++++++++++++++++++++++++++++++++++++++++ +
My idea had to do with bottling and or food production; entice big business to bring back some local jobs, bring back our harbors by bringing in the ingredients bulk-shipped on water through our harbors and by pass NYC congested ports. Why not put everyone to work, not just biotech, aerospace and finances?

[JayCT]

Unfortunately our Governor is a reactionary. She does not do anything until after it happens. Maybe it is because Ct has been doing so well and there has not been a need to do that much. Certainly Michigan needs to do something and fast. JMHO, Jay

[HeadedWest]

Originally Posted by seymourct

What is our state doing to help us? Michigan has its EDC ad campaign running nation wide. Do we have an ad campaign? NO!!! we don't. and we need one!!!!

I don't know if we need one or not, but I certainly wouldn't be looking to Michigan for any guidance on how to run a state.

[skytrekker]

The states economy is on the precipice- It is likely to begin to feel the reverses in real estate and finance soon.

[thisguyrighthere]

Oh god this is a laugh riot.

CT has been bankrupt for better than a decade now. Oh I know, 400 mil surplus here, 500 mil surplus there blah blah blah. It's like finding a $20 in an old jacket and calling it a surplus when you have 10K in credit card debt.

How about a state employee healthcare fund that needs more than 20 billion?
State pensions down by 8 billion.
Teachers pensions down by 5 billion.
14.8 billion in bonded debt.

CT has been bankrupt for years and years. It cant stop spending like a drunk idiot with a wallet full someone elses money, namely the overtaxed residents. Virtually every state in the NE is in the same situation. Mass is closing libraries left and right and laying off people en masse. Not one of these state will come out and say "hey, we got nuts and overspent on stupidity, we're sorry" I guarantee it. And why should they? The fed has done the same thing and it certainly wont apologize.

Oh man. Good times watching the nation collapse I tell you what.

[skytrekker]

Originally Posted by thisguyrighthere

Oh god this is a laugh riot.

CT has been bankrupt for better than a decade now. Oh I know, 400 mil surplus here, 500 mil surplus there blah blah blah. It's like finding a $20 in an old jacket and calling it a surplus when you have 10K in credit card debt.

How about a state employee healthcare fund that needs more than 20 billion?
State pensions down by 8 billion.
Teachers pensions down by 5 billion.
14.8 billion in bonded debt.

CT has been bankrupt for years and years. It cant stop spending like a drunk idiot with a wallet full someone elses money, namely the overtaxed residents. Virtually every state in the NE is in the same situation. Mass is closing libraries left and right and laying off people en masse. Not one of these state will come out and say "hey, we got nuts and overspent on stupidity, we're sorry" I guarantee it. And why should they? The fed has done the same thing and it certainly wont apologize.

Oh man. Good times watching the nation collapse I tell you what.

If CT goes down- then NH is not far behind-

[thisguyrighthere]

Originally Posted by skytrekker

If CT goes down- then NH is not far behind-

Thats fine man. I said fun to watch the NATION burn. Let every irresponsible government fall and every resident citizen or not who demanded anything be provided them through the wealth redistribution of taxation starve.

It's about time they all got there comeuppance.
I just hope a lesson is learned but of course nobody will learn anything and we'll do it all over again.

[skytrekker]

It seems that the free enterprise system is being bulcanized here - they have had far more free reign over the American economy during the last 30 or so years then government.

After all R. Reagan said in 1980 that 'government was the problem' and W. Clinton said in 1995 the 'Era of Big Government is Over'. Perhaps in the end Government over the last few decades was not the problem after all. It does seem that unbridled laisse fair economics have created the issues we have now.

[thisguyrighthere]

Government has been too big since before the Great Depression. It should have been culled then but the New Deal made it even bigger and breeded even more dependents.

Clinton pushing Fannie to make bad loans to people who obviously could not afford them didnt help. As soon as lenders saw artificial government created incentives to make bad loans they went nuts giving every junkie and burger flipper all they would take. What did the lender care? They could just pass it on to some sucker investment firm who probably figured they could pass it on to another sucker firms.

Thanks to the wonders of PARTIAL-deregulation.

Free-enterprise works. Complete control sort of works if all variables are destroyed/ignored but PARTIAL-deregulation never works. The worst compromise there could be.

Credit will tighten up again (it should be waaaaay tighter than it has been) until some activist or politician trying to buy votes starts crying that the guy in the box on the sidewalk should be able to own a home because of some imaginary American ideal then an incentive will be created once again for a lender to give the umeployed addict hundreds of thousands of dollars and this will start al over again.

You used to have to know your lender. Meet with him repeatedly. Wear a suit and tie. Prove income over and over before they would even consider giving you one dollar. Now they solicit bad loans to college kids, the unemplyed, people already under debt. You try to take 4,000 for a used car and they tell you you cant take any less than 10,000. What did these idiots think was going to happen? Oh, they thought that the government would write them a check hooked to the account of every one of us *******s who pay taxes.

Because personally I had to suffer so long in New Haven under DeStefano I really cant wait for those five $300,000 heated bus stops to destroy the already crumbling city. I will dance that day boy. Dance a little jig medley for hours.

NYT Article from 1999 talking about how great it was going to be to get all of these low income people loans.

http://query.nytimes.com/gst/fullpag...=&pagewanted=1

Wonderful.

[skytrekker]

'Free enterprise works' just like extreme Socialism does.

It seems the problems we have now are a result of too little regulation- Reforms are needed- just like they where in 1932- Bill Clinton has been out of power for over 7 years- and he was a glorified version of the Pax Romana ideas that where spawned by the conservatives 40 years ago. Like it or not we are likely turning to the left. An era of higher taxes, reforms in health care, rebuilding our infrastructure and more. JP Kennedy was wise enough to realize the era of soaring stocks was over a few months before the crash in 1929. Government was going to be the new player for the foreseeable future- for better or worse.