Pritzker doubles down with $827 million of taxpayer money for expansion by troubled electric vehicle maker, Rivian – Wirepoints
At $1.5 million per job, the new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.
Very Simple. If you refuse to invest in my company, you surely don’t need my product..
In a decision that highlights how little they know about pretty much everything, the morons and grifters and crooks in Chicago move to a more environmentally friendly way to live… We may freeze to death (just ask Germany about its success – and, by being the crack addict stuck on Russian nat gas, maybe some Ukrainians too… Not to worry, the Big Guy will get his cut.), and return to the abacus and burnt sticks to communicate, but, man, our lib bona fides are 100P!
This is result of vacuous liberal policies and ideals.
Start by getting rid of the fossils in City Hall.
Cannot overemphasize how funny your comment is. Pure gold.
Don’t forget the fossils in Springfield to Freddy
What a great time to divest of fossil fuels, just as limited supply, high demand, and global instability drives the price of a barrel of oil over $100!
But how am I going to heat my house in the interim? I got this fancy Natural Gas HVAC system….
Should I buy a wood stove? Should I retrofit baseboard heating? Should I just wear gloves and sweaters?
Greta Thunberg will be so happy when she hears the news!
Oh god, this climate stuff is going to ruin America. China is building a coal plant a week, providing ever decreasing energy prices to their people. I just bought a new SUV told the salesman the last thing I wanted was an EV. If I can’t refuel in under 10 minutes anywhere in the country I drive, then I don’t want the vehicle.
The oil/ energy stocks are the only sector that going up, +19% YTD. While the ESG index is down -8% and clean energy index down -11% YTD. With bbb dead I don’t see the clean energy stocks coming back from the dead any time soon….But for the city pols virtue signaling with the taxpayers money trumps common sense any time
I never thought I would say things like this– but I hope it passes and she is successful. Let the ignorant voters of Chicago bear the losses and missed upside opportunities of the energy sector. I suspect nobody in her office is smart enough to know that energy investments have been one of the best outperformers of the last six months. I am to the point with these nitwits that I say let them do whatever insane things they want and maybe at some point someone with a three digit IQ can get in to office in Chicago, That unfortunately… Read more »
Hilarious. Buy oil stocks. Best returning stock is Philip Morris!
I knew the trader types among our readers would love this story. Energy stocks are up like 20% since the beginning of the year.
Not to worry, it will be re-invested in Amazon stock or some other evil big tech company that generates the returns required. You know, the same evil corporations in which all the public sector pension systems invest.
Can’t support the oil industry with hundreds of thousands of US based high wage jobs!
Better to support Amazon, with low wage jobs and slave labor from abroad to make the products!
These are Chicago’s values!
Great – investing in companies with minimal profit margins makes great economic sense. I can hear the sound of falling returns and the windstorm of taxpayer increases already.
City Council Is Mishandling Taxpayer Money — Making Investment Choices Based On Goofy Green Grifters’ War On Oil Agenda — Instead Of Actual Investment Advice — REALITY CHECK: Both Failed President Biden, And The European NATO Nations — Are Now Learning A Hard Lesson — That They Can’t Power Their Economies With Windmills And Unicorn Farts — And That Failure To Have Oil Security Is An Economic Death Sentence