Yesterday, each and everyone of us were afforded the distinguished pleasure of watching the State of Connecticut utilize our hard earned tax dollars assist it in endeavoring into the Commercial Lending Business.
In a Press Release dated May 12, 2010, one would be pleased to note that their never so noble Governor Rell "Celebrated the passage of sweeping, bipartisan jobs legislation that offers incentives for employers, supports small business and emerging industries..."
I would ask you to forgive me for being just a little to suspicious and critical of Ms. Rell and her political cohorts, but after all this is Connecticut, an unusual unfriendly and expensive State to do business in. Now while there is no doubt in my mind the good Governor genuinely wishes to tout yet another example of democratic glorification to her partnered Party, this little piece of taxpayer heaven that wasn't is nothing more than a furthered example of leadership gone astray.
First and foremost, the State of Connecticut, during these volatile economic times has no business even entertaining the practice of lending taxpayer dollars; which are a rare commodity these days given the enormous budget deficits we are facing; to anyone, period.
Secondly, the restrictions this Bill places on the ability for Small Business to seek genuine tax relief and real life initiatives to develop true and unique economic growth in the Private Sector without the interference of Government goes against each and every principle of Capitalism, which is the only true economy in a free society.
Each and every attempt by a Government to gamble taxpayer dollars into the private sector to stimulate jobs and the economy is yet another opportunity to prove ineffective and failed leadership as the rule rather than the exception.
Given the fact that this Bill was passed 140-4 in the House and unanimously in the Senate, I would suggest that the liberal super majority that developed it hardly has the track record of successful economic practices in this State. For that reason, my doubtfulness of it's ability to true success is apparent and genuine on all levels. If there is any disagreement to this statement, I would direct ones attention to the record deficits we are currently facing.
With all things being equal, and politics aside, if the State of Connecticut via it's elected leaders truly desire to create a True and Genuine economy stimulated by jobs and growth I should suggest they categorically look to the immediate reduction of State spending, taxes placed upon we the people and the size of government.
Trusting Connecticut residents and small businesses with their own money is a good place to start. When residents have additional monies in their possession, they are enabled to become adequate consumers, that in turn will stimulate business to expand and create job growth that simultaneously creates tax revenue.
That of course is a simple but complete misunderstanding of common sense, if of course you are a tax and spend Connecticut liberal.
Friday, May 14, 2010
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