Press Release M Clark CT05: Mike Clark Responds to State’s Ratings Downgrade:

Mike Clark (R-CT-5)

Mike Clark Responds to State’s Ratings Downgrade:

Farmington’s Rating Shines in Contrast

January 25, 2012

Last week, Moody’s Investor Services – a key Wall Street rating agency – downgraded Connecticut’s bond rating from Aa2 to Aa3.

In response, Mike Clark, Congressional candidate for the Fifth District seat, says:

“What more proof do we need that the Democrats are leading this state in the wrong direction?  Raising taxes and supporting government bloat are policies that simply do not work.  It is no surprise that Wall Street has responded in this way.

In contrast, after my six-year tenure as the chief elected official in Farmington, Moody’s upgraded the town to AAA status – the highest municipal rating possible.  This, in the midst of an economic crisis.  While the Hartford Courant noted that the state is heading towards a deficit for this fiscal year, the paper also noted that Farmington posted a near-quarter million dollar surplus in FY 2010-2011.

My effective leadership has led to significant economic success in a period of recession, while the town’s top-ranked education system, excellent core services and sought-after quality of life were maintained to the highest degree.

My solutions – proven for economic success – are what we need now in Washington to combat more failure from the Democrats, who would lead this country in the same sad direction as they have led Connecticut.”