-- Connecting the dots between our economy, government and business --
Ted joined Dan and Amy to talk about how Chinese battery maker Gotion Inc. is set to receive $8 billion in tax incentives to build a battery plant in Manteno, Illinois, why Manteno residents met on Monday to rally against the battery plant, why Gov. Pritzker is asking for federal help as Chicago struggles with the migrant crisis, and more.
Read more on the Gotion controversy HERE.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Sounds like somebody told Manteno Mayor he has a really big penis. (Source: South Park “Chinpokomon (‘Americans have big penis’)” episode.)
Well if Pritzker isn’t quite the dictator. “I’m putting the Chinese plant in Manteno, IL and you’ll like it because there is nothing you can do about it.” No choice. Who in the hell in their right mind would vote for a Democrat who can screw you like this? You know Illinois will not do its due diligence and make sure the Chinese aren’t spying on us. Remember the balloon, Swallwell’s Chinese girlfriend, and the Chinese chauffeur? Once this operation is built the Chinese will own Manteno and move on to the next one.
And the procedure for replacing an incompetent governor is…
…do nothing, that’ll show him.
Great conversation Ted! I’m glad you had fun. I wish I could have made it out there.