-- Connecting the dots between our economy, government and business --
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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If the Communist Democrat party does not implode your small town with criminal illegal border jumpers they will destroy it with the CCP
JB and the town trustees to the concerned citizens of Manteno- “ Drop dead!”.
If Gotion somehow survives efforts to kill this project, including opposition from growing numbers of Democrats in Congress, its next problem will be consumer boycotts. It’s not fully known yet who will buy Gotion batteries but this suggests that one end user would be Amazon for its trucks, which are made by Rivian. Good luck, Rivian.
Rivian lost 5.4 BILLION last year, loses over $30,000 on each vehicle and can’t even order it’s own parts correctly resulting in a 20% drop in production this year (sadly?) that will reduce losses.
Your comment on Rivian vehicles being boycotted if they use Gotion batteries also got me thinking about how a Trump presidency might affect sales of Teslas. Musk is a very enthusiastic supporter of Trump but EV buyers are generally not Trump supporters and Trump supporters are generally not EV buyers. By far the 2 biggest markets in the world for Teslas are the U.S. and China. If you want to buy an EV in the U. S. Tesla is not your only option. Tesla has many more competitors in the U. S. than just a couple of years ago and BYD… Read more »
Public boycotts are generally not very successful. People who buy EVs don’t care who makes the battery. The EV buyer’s main concerns are range and price of the car. It’s not to say an EV with a Gotion made battery might not be boycotted, especially if Trump becomes president (which is looking more likely) and Trump demonizes Gotion publically. If that happens then any EV maker using domestically made Gotion batteries could face some major headwinds.