To the Editor
In his recent Budget Speech Gov. Malloy stated that more than 40,000 new private sector jobs have grown over the past three years. Senator Duff made a similar statement recently in a public mailing.
Let’s see what the U.S. Bureau of Labor Statistics has to say. The CT labor force and employment maxed out in May 2010 at 1.915 and 1.738 million, respectively. By the time Gov. Malloy took office the CT labor force and employment had declined by 24,000 and 6,000, respectively, to 1.891 and 1.734 million, respectively. Over the next three years (Gov. Malloy’s term of office — Dec. 2010 to Dec. 2013) — the CT labor force and employment further declined by 43,000 and 22,000 respectively to 1.848 and 1.712 million, respectively.
In other words much the largest reduction in CT’s labor force and employment since the end of the Great Recession (June, 2009) took place under Gov. Malloy’s stewardship. No other state can match that dismal record. Nor should this sharp decline be surprising. Gov. Malloy’s signature budget plan upon taking office was imposing the largest tax hike in the state’s history while maintaining public union employment and salaries, hoping for large savings that never materialized.
No other state ever imposed a record-setting tax hike just after a major recession. We now know the results. Despite the Governor’s claims (and Democrat legislators), the sharp decline in CT’s employment under his stewardship is not only unmatched but clear evidence of utterly misguided fiscal policies.
Peter I Berman