Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Newsflash: Manufacturing has been streaming out of Illinois for 50 years. And the reason is all the issues mentioned here and in the comments. Unless you were a multi-national fortune 500 company that could lobby (pay) the Springfield whores for the needed tax breaks, Illinois was a hopeless endeavor. See taxes, Worker’s comp, Unions, Labor laws, insurance rates, Independent contractor laws all combine to make Illinois very inhospitable for manufacturing. It’s been that way for 50 years , all brought to you by democrat control of Illinois and Chicago. This is what you have voted for as long as I… Read more »
Public Sector pensions are so large that the state has no choice but to raise taxes and chase away more and more taxpayers and businesses. Very poor business plan, but the public sector still wants more and more and does not care where the money comes from as long as they get it. There is no hope of ever getting out of this huge debt.
More of JB the Hutt’s ‘leadership’ in action. The Hutt thinks that displaced employees can just draw from their offshore trust funds like he does.
Illinois elects its dumbest.
Dana is competing with foreign state sponsored enterprises, who often times have a conscription like workforce. Tariffs were to help level the playing field, and thus help manufacturers to stay in IL and pay the high taxes, fees, insurance, and regulations. But IL Dems worked hard to end tariffs to play politics. Manufacturing in IL can’t be sustained due to the tax and regulations of Dems.
IL is one of if not the most toxic state for business in the US. This shows no signs of abating, in fact it’s getting worse. The state outside of the Chicago metro area has been stagnant for 50 years and the metro area is now stagnant with an absurdly high cost of living. Chicago’s success in the 80s & 90s was more to do with it’s legacy of being the center of the agro-industrial economy of the 19th and early 20th century and the massive corporations that era spawned but leaders here misinterpreted that inherited position and mistook it… Read more »
Good rant. However IL elected ‘leaders’ now largely have the same worldview of public unions, and Leftists (which is mostly the same) which is at best willfully ignorant of capitalism, and typically mostly hostile. Many of IL’s elected leaders, and that of the public union bosses is that Venezuala and Cuba are just fine. America and private enterprise is the problem.
Lots more of this in the coming months and years. Illinois discourages businesses and it is working.
Considering how businesses in Illinois are treated this should not come as a surprise…especially if Dana starts up the same operations outside Illinois.
JB mismanagement at its finest. Can’t wait for 4 more years with no term limits in sight.
It started long before JB, but ya, JB is the crowning glory of the communist / union nexus that’s been 120 years in the making. They finally got their state and can rule over their empire of scraps. The founding fathers are proving to be geniuses by creating a Republic so that this rot is contained to juat a few states.
Do you really have to wonder why ?