-- Connecting the dots between our economy, government and business --
Mark Glennon joined ShaunThompson on AM 560 to discuss the national implications of Trump and Vance working to kill the Chinese-EV-battery-making Gotion project and Shaun also asks about the $1B deficit in the Chicago budget. Listen in here.
Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
I would have to study it more to ensure a depth of facts but I believe that properly negotiated a Gotion battery supply chain and plant would benefit the local area. Not giving away the farm, but growing the supply chain as the EV business grows. Nothing should be FORCED upon local owners, however, and the first step here appears to have been Pricksker committing billions of our money to somebody. Keep digging, Wirepoints!
True, we should learn how to make our own damn batteries. But instead our colleges are cranking out gender studies beta males instead of engineers. Our only choice now is to have China show us how to do it, thank God they are generous enough to include us on the global belt and road initiative, so we can get a piece of this whole battery-making experience. Maybe they’ll even teach us how to make our own TV sets here too again! Or maybe they’ll help us learn how to make kids plastic toys. Or everything else you see at Walmart… Read more »
Well said Mark. I guess nobody wants to acknowledges China is still a communist country. No infrastructure to support EV’s yet. Total ripoff.
Kankakee who are you voting for in 2024 presidential race, ho humm
Why are we helping China do anything? They are supplying the precursor chemicals for cartels to manufacture the Fentanyl that’s killing 100k plus a year. They are laughing at us; they declared war on the west years ago and our politicians are helping them.
Texas will welcome Gotion and all the new jobs.
Not a chance.
Doubtful. Unlike IL, TX doesn’t have a pandering, spineless trust fund baby for a governor.