"Unless Johnson can somehow calm the business community, he can expect a kind of capital strike—more large businesses leaving Chicago and little new investment, even from small companies with nowhere else to go."
I would agree, however, one would’ve expected voters to vote in their own self interest and not elect Johnson…. Sadly many of the execs who reside in Chicago seem more interested in virtue signaling than the do in the safety of themselves, their families, and their employees…. Rational is not the election of “3 year holiday from payments” BJ….
JackBolly
3 years ago
McGinnis needs to get out of Chicago more often – his analysis is pure pablum. Chicago is a Leftist progressive sinkhole, with zero national implications – that’s it.
debtsor
3 years ago
Every pundit and anon has an opinion, but nearly all of them over-complicate things. The reason Johnson won is quite simple: Soft on Crime policies are wildly popular in high crime communities. Ward maps show that high crime (and very progressive) communities voted overwhelmingly and decisively for Johnson and lower crime communities voted overwhelmingly and decisively for Vallas. Who would have thunk that promising Get out of Jail Free Cards to high crime areas would be so successful!
Let me finish it for you. …and commercial real estate in dire straits.
Poor Taxpayer
3 years ago
Investing in a private business in the Chitty or the State is a complete waste of money and time. If you want to get rich in Illinois go to work for the government.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
I would agree, however, one would’ve expected voters to vote in their own self interest and not elect Johnson…. Sadly many of the execs who reside in Chicago seem more interested in virtue signaling than the do in the safety of themselves, their families, and their employees…. Rational is not the election of “3 year holiday from payments” BJ….
McGinnis needs to get out of Chicago more often – his analysis is pure pablum. Chicago is a Leftist progressive sinkhole, with zero national implications – that’s it.
Every pundit and anon has an opinion, but nearly all of them over-complicate things. The reason Johnson won is quite simple: Soft on Crime policies are wildly popular in high crime communities. Ward maps show that high crime (and very progressive) communities voted overwhelmingly and decisively for Johnson and lower crime communities voted overwhelmingly and decisively for Vallas. Who would have thunk that promising Get out of Jail Free Cards to high crime areas would be so successful!
https://blockclubchicago.org/2023/04/05/map-heres-how-your-neighborhood-voted-in-the-2023-chicago-mayoral-election-2/
Curley effect
Let me finish it for you. …and commercial real estate in dire straits.
Investing in a private business in the Chitty or the State is a complete waste of money and time. If you want to get rich in Illinois go to work for the government.