-- Connecting the dots between our economy, government and business --
Despite clear warnings, the People’s Republic of China, with help from the Biden administration, Democratic governors, and members of Congress, has established footholds in America’s emerging electric vehicle battery sector. Gotion, a company with deep ties to the Chinese Communist Party, has begun building plants in Michigan and Illinois despite strong local pushback.
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.
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Democrats need to stop funding CCP companies and start funding American companies. Pritzker is funding Chinese companies in IL, and this needs to stop. This is not helping IL taxpayers.
What I hope happens, I can’t say, that’s all I’ll say…