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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Thursday, December 17, 2009

Cahill-o-nomics

The cloud of gloom and doom seems to be parting a little bit around Beacon Hill as fiscal experts agree the recession is over and revenues will rebound in fiscal 2011.

Everyone except Treasurer Tim of course.

The Man Who Would be Governor veered from the consensus to declare "we're not out of the woods yet" while acknowledging the impact of a recovery on his candidacy “...would make it more difficult, but I’m not wishing the economy to do worse."

Gee thanks Timmie.

But Cahill's fiscal expertise was really on display elsewhere on Beacon Hill yesterday, when he told a Suffolk University panel discussion that the state's tax structure was so uninviting he feared the colleges and universities would up and move away.

“The universities aren’t going to go away – for now – unlike some of the businesses that have left, unlike some of the banks that have left,” Cahill said during keynote remarks at Suffolk University’s Beacon Hill Institute forum on the state’s competitiveness. “The two most important parts of our economy ... educational talent, university system and our health care, we may not have that competitive advantage going forward if we’re not competitive.”

Let that sink in for a moment. Universities and health care, institutions with a large investment in tax-free real estate, may not have a competitive advantage and decide to follow the banks of-state.

Yep, Harvard, Boston University, Boston College and Northeastern are going to move to tax-free New Hampshire. And did you hear about all the great things happening at New Hampshire General Hospital?

And either his hosts were rude to not clue him in on the findings they presented yesterday or the treasurer didn't bother to read it.

The Beacon Hill Institute, which has long believed supply side economics works, unveiled a report that ranks Massachusetts first in the nation in competitiveness. According to the Statehouse News Service:
Researchers for the institute relied on 43 metrics and found that despite Massachusetts’s high cost of doing business – benefits and energy prices are often a drag on growth, they found – the state’s advantages in technology, business incubation and human resources outweighs the negatives.
Yeah, but does it apply to Cahill's own experience as a small business owner -- a sandwich shop owner in Quincy almost two decades ago?

You keep thinkin' Timmie. That's what you're good at.

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