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Former Bibb Employee Debunks Malloy's Lies in Letter to the Editor
Check out former Bibb employee John Finegan’s letter to the editor that appeared in last Tuesday’s Stamford Advocate.
The letter, titled Malloy Wrong on Foley addresses the “lies being told by Dan Malloy about Tom.”
MALLOY WRONG ON FOLEY
"My wife and I have lived in Weston for 16 years. We consider ourselves unaffiliated voters. I am writing this letter to specifically address the lies being told by Dan Malloy about Tom Foley. I know Tom Foley. My wife, Valerie and I worked for Tom at the Bibb Company, and yes, Tom Foley is a friend of mine.
A bit of historical fact: In the mid 1980s, Tom was a banker at Citicorp (later to be renamed Citigroup), and had been contracted by the former Bibb Company owner, Will Manning, to secure additional funding for the company during an extremely challenging economic environment for U.S.-based/domestic textile mills. During the course of their relationship, Will decided to retire and thought Tom the perfect replacement to take over the company and provide new stewardship as the demand for cheaper imported products was beginning to severely impact the profitability and very existence of all American textiles manufacturers -- the Bibb Company not being an exception.
Tom was successful and within the course of 20 months, he paid back Citicorp 100 percent of his outstanding notes on the purchase of Bibb. Tom restructured the Bibb Company without resorting to huge lay-offs, as was a normal procedure for major U.S.-based textile mills during that period of general decline across a broad field of U.S.-based manufacturers. By the way, Dan Malloy cites Bibb as the largest U.S. textile manufacturer at that time. It was probably the sixth largest out of a field that once boasted nearly 14 major U.S., vertical (encompassing all facets of production), textile mills. Now there are none -- zero!
Mr. Malloy and Mr. Fedele before him have released and are currently releasing TV commercials that impart to the public complete distortions of the truth -- flat out lies about the facts presented above.
Please ignore the lies being told by Dan Malloy. Tom Foley will make a great governor for the state of Connecticut -- that's a genuine fact."
John R. Finegan
Well, THIS is not so very surprising. It is clear that the Dannel Malloy camp is DESPERATE enough to spread propaganda about their gubernatorial candidate opponent Tom Foley which is simply NOT TRUE.
Sadly, the business economy in CT is ABYSMAL. We all know it. We are all suffering. Not a single working or retired person in the state is not 'feeling the pinch'.
TOM FOLEY seeks to RESTORE Connecticut's reputation as a friendly place to do business. Let us once again be a state where business owners WANT to LIVE and WORK.
We're tired of all the 'lay-offs' and hearing about small-time government workers making too much money while good people struggle to keep their housing and pay their taxes.
VOTE FOR TOM FOLEY on NOVEMBER 2. You don't want DAN MALLOY and his 'stories' for CT Governor.
Reverend Barbara Sexton
"The Biblical Biochemist-Where Science Meets the Cross"