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Malloy says the state is headed for economic recovery, Republicans express doubt

By Christine Stuart and Hugh McQuaid

HARTFORD, Conn. – Gov. Dannel P. Malloy didn’t offer any new sweeping spending or tax proposals in his last budget address before the November 2014 election.

But he insisted the state is on its way toward economic recovery and attempted to head off any criticism of how he’s decided to get there.

“I also spoke about the work we’ve done to partner with Connecticut small businesses,” Malloy said. “Will every single one of those investments pay off? Of course not. And if one fails, the critics would say that’s reason enough to stop investing in small businesses altogether. We should not listen.”

Read the complete story at CT News Junkie.

 

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One response to “Malloy says the state is headed for economic recovery, Republicans express doubt”

  1. piberman

    Gov Malloy claims 40,000 new jobs. But the US Dept. of Labor’s Bureau of Labor Statistics suggests CT has lost 22,000 jobs over his 3 year term. And the labor force declined by 43,000 during that period. That’s more than were lost between the end of the Recession (June 2009) and when the Gov. took office – 24,000 decline in labor force and 6,000 in employment.

    Gov. Malloy’s historic tax hike to protect jobs and salaries of public unions has cost CT dearly in jobs lost, firms leaving and enhancing the state’s reputation as the nation’s poster child for fiscal mismanagement. We expect more from our state gov’t than funny maths.

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