Something different, something old

Find out what he's drinking and order a case for our own governor

Find out what he’s drinking and order a case for our own governor

Maine closes budget year with $93 million surplus: that’s the different part, for Connecticut residents.

But, “Gov. Paul LePage complains it was all spent as soon as it was counted”: that’s the part we’ll all recognize.

Maine taxpayers should take some cold comfort in the fact that their legislators only spend money that’s actually in the coffers, rather than 10-years-out.

“But LePage is a conservative,” Governor Malloy told FWIW, speaking from Philadelphia, where he just addressed the convention on Connecticut’s fair and balanced treatment of grown-up men who like to visit little girls’ bathrooms, “so that’s not really a fair comparison.”

And to be fair, LePage also doesn’t have the distraction of an ongoing FBI investigation of his finances to prevent him from keeping his eye on the ball.

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So I can post on Safari, but, while Chrome says I’ve posted, it doesn’t appear.

On the brighter side, Chrome lets me see comments, which Safari no longer will. Next week, new system comes, I hope.

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Coincidence? Malloy and Fudrucker say, “yes!”

Connecticut beat us, New York beat us, even New Jersey did, but I guarantee youths: next year, we'll be right down there with them!

Connecticut beat us, New York beat us, even New Jersey did, but I guarantee you this: next year, we’ll be right down there with them!

Connecticut last in New England in economic growth, but edges out New York and New Jersey.

HARTFORD — The latest economic numbers show Connecticut lags behind the rest of New England in economic growth.

The 0.9 percent growth in the state’s gross domestic product for the first quarter of 2016 is the lowest in the six-state region, though it is higher than neighboring New York state and nearby New Jersey.

The U.S. Bureau of Economic Analysis on Wednesday reported GDP growth in 37 states and the District of Columbia for the first quarter. The annual growth ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota.

The GDP growth in Connecticut is well below the 1.5 percent average for New England, but compares better to the 0.5 percent increase in New York and the 0.7 percent rise in New Jersey.

The 2.9 percent growth in New Hampshire led New England, followed by 2.3 percent in Maine, 1.6 percent each in Massachusetts and Rhode Island, and 1.3 percent for Vermont.

The state saw a 1.7 percent increase in GDP last year, up 0.6 percent from 2014, but well behind the regional and national averages..

The Malloy administration issued a standardized response to the latest BEA numbers.

“These statistics demonstrate what we have been saying and continue to say: we are in a new economic reality and in a new, post-recession slow growth environment,” said Christopher McClure, a Malloy spokesman.

He was silent on the question concerning whether the administration’s policies have contributed to the economic realities confronting Connecticut today….

Other Malloy defenders were less circumspect in their response: “The Bureau of Economic Analysis is just part of the vast, right wing conspiracy trying to kill Connecticut”, Malloy spokesman Francis X. Fudrucker told FWIW. “Show me a fine, solid, left-of-center organization that says we’re not booming here in the Nutmeg state: go on, I dare you! Why just this year alone, we almost had a million-dollar Lotto winner – he came that close! Just one number off. You wouldn’t hear that guy mewling about this gloom and doom if he’d won, I can tell you that!”

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Now my posts are disappearing into the ether, too. God damn WordPress, God damn WordPress “Happiness Engineers”

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Well that didn’t work out so well

443 North Street - mission fail

443 North Street – mission fail

443 North Street, a total renovation and expansion that was first listed by its builder for $3.650 in April, 2014, has sold for $2.290, which sounds like the right price. The awful site (below grade, jammed up against North Street, on a cliff leading down to a swamp and a cemetery), with the to-be-renovated house on it, was purchased via a short sale for $850,000 in 2013, and judging from the quality of the build (very good), it had to be expensive to create this transformation. So that’s a lot of careful effort, just to work for free.

I don’t want to sound mean – well, okay, I guess I do, but I’ve been scornful of this lot since it was asking $1.895 in 2010, (it had sold for $1.150 back in 2007, and that buyer foolishly assumed land values had increased from 2007 to 2010: wrong) and said nasty things about it over the years as it languished, including this note in 2014. My sourness was never about the new house – that was done very well, but the lot sucked. As I wrote back in 2014, “The land was purchased for just $850,000, but sometimes, the price of land reflects its value.”

All that said, this buyer has probably done, if not well, at least paid no more than it’s worth.

 

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From one of several FWIW’s tax-refugees living in Florida

I'm so sorry for what I've done to you guys. I'll miss you in Washington, but I'll put in a good word for you with Hillary, if I can

I’m so sorry for what I’ve done to you guys. I’ll miss you in Washington, but I’ll put in a good word for you with Hillary, if I can

This opinion piece in yesterday’s NY Post sums up Malloy’s Connecticut rather nicely.

Connecticut aims to export its economy-killing ways

In his role as co-chair of the Democratic Platform Committee, Connecticut Gov. Dannel P. Malloy helped draft a platform he called an “extremely progressive document.”

No kidding. But what he didn’t say is that it’s a platform featuring misguided policies that have helped take a sledgehammer to his own state’s fiscal health.

Among the policies that made it into the platform are a higher minimum wage, expanded paid sick leave and higher taxes on millionaires — all policies Malloy has pursued as governor. If you want to see what “extremely progressive” policies will do to the country, witness what they’ve done to Connecticut.

The state’s tax base is crumbling. Its population is shrinking — Connecticut had a net loss of 44,000 people and $5 billion in taxable income between 2011 and 2014. Business starts are down, and move-outs are up.

… Nestled between tax-happy New York and Massachusetts, Connecticut used to serve as a relatively safe haven for people and businesses. But over the past five years, Malloy and progressive state lawmakers have eliminated any semblance of an advantage the state had over its neighbors.

While many states have cut spending to deal with declining revenues brought on by the recession, Malloy and the Democrat-controlled state legislature chose to follow the tax, spend and regulate progressive playbook — and became the toast of the left.

The Daily Beast touted him in 2014 as the “progressives’ dream governor.” Connecticut’s new executive traveled the country proclaiming that Democratic candidates and lawmakers should follow his lead.

…. He championed the first mandated statewide paid sick leave in the country, forcing businesses with as few as 50 employees to offer up to 40 hours of paid leave to each employee. Connecticut then became the first state in the nation to raise its minimum wage to $10.10 an hour.

But predictably, Malloy’s shine has faded — and so has the gleam of his progressive policies. This year, his state faced a billion-dollar budget gap. His progressive contemporaries in the legislature wanted another tax increase to plug the hole.

But Malloy responded in an unexpected way — by admitting the failure of his playbook.

“I’ve raised taxes multiple times. It’s not working,” Malloy told a Hartford town hall in March. “And it’s come up a cropper.”

Translation: It failed miserably.

Malloy was right.

Even after $4 billion in tax increases, and this year’s $1 billion in spending cuts, Connecticut still has billion-dollar deficits forecast for the next two years. And then the forecasts get worse.

It’s the same sad story that has followed the progressive playbook the country over.

… Malloy chose to pursue well-intentioned policies, to the peril of the people who elected him. His state’s ensuing collapse was far from unpredictable — it’s the inevitable outcome progressive beacons across the country have experienced firsthand.

Yet now Malloy, by co-chairing the DNC Platform Committee that endorsed these failed policies, is enabling other progressive lawmakers to impose these failed fiscal policies on the whole country. It appears Malloy hasn’t, after all, learned a thing.

Carol Platt Liebau is the president of the Yankee Institute for Public Policy.

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Finally

566 Round Hill Road

566 Round Hill Road

Three years after hitting the market at $12.995 million, and being reduced over that time to $6.995, Malcolm Pray’s place at 566 Round Hill Road reports a contract. The house is a tear down, so it will be interesting to see what land is worth up here these days. Its 8 acres can be subdivided into two lots, according to the listing, but those eight acres are magnificent as is, and it’d be a shame to split them up.

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