Dan Malloy on Free Trade
Trade trips to China to promote aerospace & bioscience
Malloy plays off his two immediate predecessors, Jodi Rell and John Rowland, who governed for 16 of the 22 years when Connecticut was one of two states with no net job growth, the other being Michigan. He uses the past as a baseline, a point of
comparison to find statistical signs of progress today.
"We have needed to reposition ourselves for two decades," Malloy said. "This has to be seen as an overall vision about how you get a state going that has been unwilling to get going for so long.
I don't have any doubt the efforts we're making will pay dividends and are paying dividends."
Malloy mentions trade trips to
China to promote the state's aerospace industry and its bioscience initiatives on the Farmington campus of the University of Connecticut Health Center.
Source: The Connecticut Mirror on 2014 Connecticut Governor race
, Dec 18, 2013
Make sure entire world knows: CT is open for business
We have spent the past 13 months setting the stage for this economic revival. Now is the time to commit to making it a reality. In order to make this happen I believe there are three things we need to do.
And we need to commit to this vision and implement it--year after year, until we get
it right. That's been one of our problems for too long: we're good at making plans, we're not good at sticking to them. Too often we've found ourselves simply careening from idea to idea, with no clear roadmap to guide us. Not anymore.
Source: Connecticut 2012 State of the State Address
, Feb 8, 2012
- We need to maintain the fiscal
discipline we imposed a year ago. That discipline has made Connecticut a more predictable, reliable, stable place in which to do business. It's given the private sector the confidence it needs to make investments and create thousands of new jobs.
We need to continue to make sure the entire world knows Connecticut is open for business.
- We need to reform the public school system that educates our children.
Reauthorize the Ex-Im Bank.
Malloy signed Letter on Ex-Im Bank
Press release on Letter from 31 Governors to House Republican leaders:
We urge you to reauthorize the Export-Import Bank (Ex-Im) before its charter expires this year. In its role as the official export credit agency, Ex-Im is a vital export finance tool for exporters in our states, at no cost to American taxpayers.
Ex-Im allows our companies and workers to compete on a level playing field against our competitors. Without Ex-Im financing, US firms would have lost many sales campaigns to their overseas competitors.
Reauthorizing Ex-Im is the right thing to do for our economy, companies and workers. 41 GOP lawmakers and 865 business organizations have called for the charter's immediate renewal. And, House Democrats have already introduced legislation to reauthorize the bank. Speaker Boehner, it's time to act; quit jeopardizing the nation's economy and American jobs.
Argument in opposition from FreedomWorks:
Top Ten Reasons to Let the
Export-Import Bank Expire
- It Has Outlived Its Purpose: In the 2010s, US exports have been setting record highs--they don't need government help.
- It Lets Government Pick Winners and Losers
- Its Risky Loans Put it in Danger of Needing Taxpayer Bailouts
- It Costs Taxpayers Money Annually, thanks to government accounting gimmicks
- Most of Its Funding Goes to Big Corporations Who Don't Need the Money
- It Lets Foreign Corporations Undercut US Competitors
- It Only Benefits a Few States, but Every State Bears the Costs
- It Is Prone to Corruption (like whenever you involve the government in handing out money)
- There Are Better Ways to Help US. Manufacturers: the government should lower and simplify the tax and regulatory burden US companies face.
- It Is Unnecessary. The Ex-Im Bank cannot justify its continued existence. It's also one of the easiest programs to retire, as its authorization expires in September 2014 if Congress simply does nothing.
Source: Letter from 31 Governors 14_Lt_ExIm on Jul 15, 2014
Support long-term reauthorization of the Export-Import Bank.
Malloy signed Letter from 26 Governors to Congressional leadership
As governors of states whose economies and workforces depend on exports, we strongly urge Congress to support legislation that provides for the long-term reauthorization of the U.S. Export-Import Bank (Ex-Im Bank) before its charter expires on June 30, 2015. The Ex-Im Bank is a crucial tool that both small and large businesses use to compete fairly in the world market, increase their exports, stimulate job creation, and contribute to the growth of our states' economies.
As the official export credit agency of the United States, the Ex-Im Bank assumes the credit and country risks that private sector lenders are unable or unwilling to accept, and without it, U.S. firms would lose many sales to overseas competitors. The Ex-Im Bank allows our companies and workers to compete on a level playing field against international competitors who receive extensive support from their own export credit agencies.
In 2014, the Ex-Im Bank supplied more than $20 billion in financing to support approximately $27 billion in exports. In that same fiscal year, the Ex-Im Bank supported more than 160,000 American jobs. And the overwhelming majority of the Ex-Im Bank's transactions--nearly 90 percent--assisted small businesses.
The Ex-Im Bank is financially self-sustaining, and operates at no cost to hard-working American taxpayers. In fact, in fiscal year 2014 alone, the Ex-Im Bank returned approximately $675 million in deficit-reducing receipts to the U.S. Treasury.
Last year, Congress reauthorized the Ex-Im Bank [for one year]. It is essential that both chambers act again, this time to pass a long-term, multi-year reauthorization.
Source: Letter from 26 Governors to Congressional leadership 18LTR-EXIM on Apr 14, 2015
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Other governors on Free Trade:
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