Posted on 03/30/2011 8:24:16 AM PDT by fight_truth_decay
Lisa Leiter talks with UIC finance professor Robert Chirinko about the chances of Caterpillar leaving Illinois and what impact that would have on the state.
(Excerpt) Read more at chicagobusiness.com ...
News to brighten your day. What's it got to do with CAT? nothing.
RE: Chi-Town
Shortly afterwards, it was announced that IBM would move a big part of their plant operations out of South Florida.
This Prof is a dope. .3% is all the businesses that the state will lose to these massive tax hikes? What if those businesses employ a couple hundred thousand in total? That might leave a mark.
This is the same spin we heard from MI as Granholm promised everyone that all the jobs would stay as she jacked up taxes. I remember her saying this as the 3000 VW jobs left that she fought to keep. It is sophistry. WI NJ and other GOP Govs have said they are actively going to poach IL’s businesses now that they jacked taxes. Caterpillar is going to leave. The deals they will be offered are going to be so sweet, they won’t be able to resist.
And Ted Strickland was surprised that NCR left Dayton, Ohio. He was cluelesss.
And when Kasich met with American Greeting to save 2,000 Cleveland jobs, the unions bitched and moaned. I say, let the chips fall where they may. When housing values fall and revenues with them, there will be no alternative to massive layoffs.
The public servant thinks he is the master.
Wow! That leftist hack job was spinning faster than a hard drive!
Never accept reality, tell lies to sell the lie. That is the liberal way.
incentives in breaking up the company [CAT] into locating in several welcoming states?
23,000 [mol] job loss would effect the western suburbs big time!! Where he housing market is still in the toliet. So who would be buying for workers to move elsewhere.
Union workers at Caterpillar Inc. voted by a 94 percent majority in January to stage a strike against the company should a new contract not be drawn up by March 1, when the existing agreement expires, Illinois’s Peoria Journal Star reported. The vote involved union members at seven locals in Illinois, Colorado, Tennessee and Pennsylvania, according to the report.
Today’s Champaign (Illinois) News Gazette has offers from Texas, South Dakota and Nebraska, all Right-to-Work states. The Nebraska governor told Caterpiller that Nebraska balances their budget by controlling spending, not by raising taxes. A really foreign concept for the Dems.
Today’s Champaign (Illinois) News Gazette has offers from Texas, South Dakota and Nebraska, all Right-to-Work states. The Nebraska governor told Caterpiller that Nebraska balances their budget by controlling spending, not by raising taxes. A really foreign concept for the Dems.
Another pinhead professor who has not an idea what he is talking about. He said if the Cat HQ left Illinois it would be no big deal. Cat HQ employs around 2000 people in the HQ building alone. It is the center of a world wide corporation of almost 100,000 employees. Add the businesses that support just the HQ operation plus the spouses that might work in other occupations which could have to move as well. Also the children that would be pulled from local schools and that lost of state revenue to schools. Property values in Peoria, Illinois crashing and you get the picture-Detroit re-due!
Professor Dimwit: “We did a study and found those factories are too big to move, so there’s really nothing to worry about.”
He’s probably never heard of cities named Flint, Dearborn, or Detroit. Probably never heard of countries named Mexico, China, or India. Probably never heard of the (now non-existent) U.S. shoe or textile industries that moved and moved and finally moved offshore.
I wonder what exactly this overpaid fool studied? His navel? Recken it’s an innie or an outie?
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