-- Connecting the dots between our economy, government and business --
Asked to describe the policy platform of the Sustainable Investment Caucus, Rep. Sean Casten said, "Pro-capitalism. We’re not saying everybody should invest in ESG. We’re saying ESG is a tool. There’s a huge market demand for it. We need to quantify what the rules are. And we need to make sure that investors who want to participate in a free and unfettered market are protected from people who have some more sort of Stalinist ideas about how our economy should operate."
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
These politicians are scum, plain and simple.
There is no money to be made with ESG, but plenty to lose. Solyndra and many more money pits gobbled up public funds. Now these grifting imbeciles want their greedy meat hooks deep into everyone’s 401K.
Casten, who vies with AOC for the title of ‘Dumbest Congressman’, can be counted on to say the opposite of reality. His pontifications should be treated the same as Jim Cramer and the opposite track should be followed.
Come on Railroader. Castens is dumb but AOC is in a league of her own. Show her unique stupidity the respect it deserves.
Agreed.
Why give any of them any level of respect??
You voted for for the dumbest congressman people, now live with it.