Another just to illustrate (and, alas, there are lots of): the Democratic governor of Connecticut, Dan Malloy, who seems to treat his state’s corporate people far better compared to 1 in 10 of their residents who happen to live at or below the poverty range.
At Overseas company hours last week, investigative reporter David Sirota examined the proposed merger of Cigna and Anthem Blue Cross azure protect, a package that would produce the most significant health insurance team in the country. Cigna is reliant in Connecticut and Katharine Wade, their state’s insurance coverage administrator, appointed by Governor Malloy, try an old Cigna lobbyist with strong parents ties on business.
a€?Malloy’s decision to hire Wade to these types of an effective regulating post on eve on the merger wasn’t produced in vacuum pressure,a€? Sirota reported. a€?It came after workforce of Cigna, their lobbying company Robinson & Cole and Anthem sent more than $1.3 million to nationwide and state political groups associated with Malloy, such as the Democratic Governors Association (DGA), the Connecticut Democratic celebration, Malloy’s very own gubernatorial promotion and a political actions panel supporting Connecticut Democrats [our italics].
Since Malloy’s first profitable run for governor in the 2010 election cycle, donors from insurance companies plus the lobbying company has provided more than $2 million to Malloy-linked teams, based on the numbers compiled by PoliticalMoneyLine together with nationwide Institute on profit State government.
Sirota now report that since their examination initially was actually published, hawaii provides a€?formally refused available records demands for information about their own group meetings with Cigna and Anthem, and proclaimed that a€?any’ records regarding health insurance providers’ recommended merger which haven’t been already produced general public would be held key.a€? Their FOIA request was rejected a€?one day after Anthem requested [state insurance policies administrator] Wade approve an average 26 percent upsurge in medical health insurance costs for individual methods.a€? Really for transparency.
And while we’re in Connecticut, let us also take a good look at what Malloy is doing when it comes down to world’s greatest hedge investment – Bridgewater Associates, situated in their condition, with an estimated really worth of $150 billion. The founder regarding the company, Ray Dalio, is the richest people in Connecticut, by one estimate weighing-in at $14.3 billion.
Dalio made $1.4 billion in 2015 by yourself, based on Institutional trader’s Alpha magazine. That same seasons, their best two executives taken in $250 million each. Yet as an element of Connecticut’s strategy to help keep enterprises from making hawaii, Malloy is using $22 million of this general public’s funds and giving they to Dalio to stay set.
Right again: Wasserman Schultz, a€?top Democratic allya€? of a€?predatory payday lenders
You may think a Democratic governor could have cast along the gauntlet and advised Bridgewater’s leading three, a€?Get outta right here! You guys generated very nearly $2 billion among yourselves dominant site. a€?
Shake your piggy bank or see beneath your lounge cushions for all the $22 million; we’re not milking anyone for it
But no, Malloy along with his fellow Democrats buckled. Buckled towards one-tenth with the one-tenth associated with one-hundredth per cent from the wealthy. Average taxpayers will today ante up.
Thus offered all of that, imagine that’s the chairman from the program panel for the future Democratic state Convention? Correct: Dan Malloy, governor of Connecticut, subsidizer of billionaires. Guess exactly who called him? a€? we aren’t causeing this to be up.
Not only will Malloy feel presiding on the concerns for the Democratic system within convention next month, the guy doubtless will likely be making the rounds with Wasserman Schultz alongside party elites because they genuflect before the corporate sponsors and lobbyists this lady has asked to fund the luxurious fun-and-games which will surround the coronation. A lot of those business sponsors and lobbyists need definitely lobbied against progressive strategies like health-care reform and a Wall road cleaning and even provided a large amount to Republicans. Yes, we realize, shocking.