Some media outlets in the state of Connecticut, as well as residents, are questioning the judgment of Democratic Governor Dannel Malloy, who is leading his Democratic-led state legislature on a whirlwind drive of dubious legislation that is creating an atmosphere of insecurity, and making the prospects of more private business and jobs in the state increasingly less likely. Questions of concern, if not outright criticism, are being drawn from state residents and conservative Republicans who view much of the legislation passed as rushed through, without sufficient debate, and endangering an already extremely vulnerable business climate in a state in which unemployment is over 9%.

Governor Malloy’s legislative agenda appears to be right out of the Obama-Pelosi-Reid “every day another stunning bill” play book. And much of the legislation seems, in one way or another, connected to Mr. Malloy’s close relationship with the public sector unions which worked hard to elect him.

The legislature passed the largest tax hike in the history of the state, and then secured a deal, though still “tentative,” with union leaders for $1.6 billion of the $2 billion in concessions needed to close the state’s budget gap. Many are skeptical of the “concessions,” since it appears little was really given up, from the private sector perspective, and the package relies heavily upon retirements. In addition, the governor said he would make up the difference primarily with spending cuts. However, in true Pelosi-Reid “let’s pass the bill on Christmas Eve” fashion, Mr. Malloy gave the news to lawmakers, Friday night before Memorial Day weekend, that he would, instead, make up the remaining hole in the budget with none other than projected “surplus” monies. Thus, the “surplus” is only to help the unions, who apparently couldn’t reach their $2 billion goal, not the taxpayers, who are bearing the brunt of the “shared sacrifice.”

According to a media blog of the Yankee Institute for Public Policy, the General Accepted Accounting Principles (GAAP), which Governor Malloy said he would implement for his state, would erase 2012 projected surpluses which he and the state legislature are now relying upon to balance their two-year budget.

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Scott Powell, in today’s Investors Business Daily:

‘Atlas Shrugged” — Ayn Rand’s fourth and last novel, published in 1957 — may be second to the Bible as the most influential book read in America, according to a Library of Congress survey. It is required reading in management training at BB&T, the 12th-largest bank in the U.S. and one that resisted taking TARP bailout funds.

Since the Obama administration took office, “Atlas Shrugged” has been enjoying a renaissance with rising sales and library waiting lists, partly because it explains our current economic woes more straightforwardly than most of what we hear from today’s experts.

What happened in Rand’s narrative is coming to pass today, with an anti-business administration reviling private industry and capitalizing on crisis to expand and redirect investment within and between sectors of the economy — setting quotas, prices and compensation.

Businesses responded by retrenching — ceasing to invest, innovate and expand. Whole industries contracted, closed down or moved offshore, much like the U.S. gas and oil drilling industry is doing today. Then, just as now, management became frustrated, discouraged and reluctant to create jobs in an environment of excessive government meddling.

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Okay, it’s time to finally admit it:  Barack Obama hates businessmen.  Not just certain businessmen, mind you, but the entire profession.

Of course President Obama will deny this.   He told Businessweek magazine in a recent interview that he is not anti-business and that he believes in the private sector.  But the evidence is overwhelming,  and it helps explain why he is pursuing kamakazi-like economic policies that will damage the private sector in America.

Obama has demonized just about every business sector in America.  Through the 2008 campaign to the present,  he has gone after credit card companies, the coal industry, mortgage companies, real estate companies, steelmakers, utilities, drug companies, doctors, oil companies, Wall Street, defense contractors, and health insurance companies, just to name a few.  In each case he has dinged them for greed, taking excessive profits, and failing to put people first.  His criticisms have not been over minor matters but over their basic core functions, and their values or lack of them.

Obama demonstrates almost complete ignorance about the private sector and it’s no wonder:  he has so little experience in it.  He has spent his adult life in college, teaching college, and organizing communities.  The one private sector job he has held, for a consulting firm in New York, he recounts as a terrible experience.  In his memoirs he describes the experience as working for a private business “like a spy behind enemy lines.”  He also recounts in his memoirs that the multinational corporations in the Indonesia of his youth were propelling the average worker “into deeper despair.”  He likened the presence of corporations in his native Africa to a form of “neocolonialism.”  Michelle Obama has beseeched young people, “We left corporate America, which is a lot of what we are asking young people to do.  Don’t go into corporate America.  You know, become teachers, work for the community,  be a social worker, be a nurse….move out of the money-making industry, into the helping industry.”

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