Endorsement: Tom Foley For Governor

Tom Foley

Dripping with a southern syrupy drawl the elderly woman standing in front of the Bibb says, “Foley bankrupted the Bibb, He’ll bankrupt Connecticut”.

News to Fedele:  CONNECTICUT IS BANKRUPT. We are 9  BILLION dollars in the hole.

Tom Foley is the only person running for Governor who has ever shut anything down.


Foley is the only person running for Governor who has experienced and demonstrated he has what it takes to shut something down.

Some shutting down is what Connecticut needs we can not afford our Government.

The Bibb may have been one of largest textile manufactures in the South, but textile manufacturing was on the decline in the South, many textile plants closed during that time period.

Years earlier textile declined in the NorthEast, including Connecticut and Rhode Island, those jobs went to the South to places like the Bibb.

Tom Foley has said the Bibb experience has made him a better person, I bet it has. I’ve been through a shut down and it’s not fun. But when a company is losing money and the long term prospects are not good, it does no one any good to run what assets there are into the ground and the company in to a worthless mess.

Taking a company apart is rarely a profit enhancing endeavor. Companies are worth a lot more as a positive cash flow machine.

I spoke with Tom Foley before the convention, I asked him “At the end of four years do you need to be loved?”. Foley said, “I don’t need to be loved”.  I believe him.

Rell needs to be loved.  And I believe Malloy and Lamont need to be loved.

We don’t need love in Hartford we needed reduced spending, something no one else has been able to achieve.

But Foley’s experience is not just shutting down, that was a rare event.  His experience is also heavy in running companies and making them profitable.

No other candidate has run multiple companies and run them successfully.

He understands how companies grow and survive.  He understands the merciless tyranny of the cash flow statement.

While I like Oz and Michael, they are part of the past problem in Connecticut.  It’s time for a break.