-- 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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Prices started to skyrocket when Biden canceled the Keystone XL on his first day, putting 11,000 high wage tradesman and industrial workers into unemployment. The next day John Kerry shamelessly said Keystone XL workers could get jobs of equal or higher value from ‘Green Energy’, e.g. cleaning the grim off solar panels.
Shortages lead to lost opportunity, not just higher costs and prices.
But Twitter is safe!
I have worked for a manufacturer supplying parts to auto industry for 20 yrs. For the first time ever, we cannot get plastic resin. DuPont is the major supplier, they have put an “allocation” system in place. We have no way to plan production, because we do not know what resin we will receive.
We only find out that we are getting a shipment 1-2 days before it arrives, usually only 1/4 of what we need.
Bidenomics, poised to take over the whole economy.
Another words, Communism to take over the whole economy.
Bidenomics doesn’t have anything to do with the supply of plastic resin. But what did affect the supply chain was: Covid 19 related lockdowns during the summer of 2020 causing inventory levels to fall. Hurricane Laura in August forcing many petrochemical factories in Louisiana and Texas to shut down and that immediately caused a 10% – 15% reduction in the production of polyethylene and polypropylene in the U.S. And finally, the winter storm in February that hit Texas, which is home to the world’s largest petrochemical complex which turns oil into plastics, has negatively affected plastics production and it may… Read more »
Dime, I agree that these are the proximate causes. But- lockdowns were driven by Dems for the most part. Over 20 years, there have been many hurricanes in the Gulf, including Katrina. None caused this kind of supply disruption.
As for the power outage, there are arguments about what caused it- aging infrastructure or too much reliance on “green” energy. I don’t pretend to know the answer, but I fear it is just a preview of what the future holds.
And Biden policies will only make it worse.
There are supply chain issues in every industry right now. And other than toilet paper (Which got solved pretty quickly), nearly all the supply chain issues began about 4 months ago right about the time Biden was elected…
He owns it.