24.4.13

LEAVE THE WISECRACKING TO TALK RADIO.

Texas Governor Rick Perry has been traveling to failing blue states to woo business.  The best Chicago's Mayor Rahm Emanuel can do is engage in MSNBC-style cheap shots.
Taking umbrage at Perry's visit was Chicago Mayor and former White House chief of staff Rahm Emanuel. He took the occasion to taunt the governor with a reminder of the gaffe that killed Perry's 2012 presidential campaign and which Perry blamed on back pain medication taken just before a debate.

"I hope when he comes he remembers all three of his reasons," Emanuel said at a press conference in reference to Perry's inability in the debate to recall the three federal departments he would eliminate.

What Perry remembers and knows is that while Texas has been blossoming, Illinois has been steadily sinking into an economic abyss.
The editors of the DeKalb Daily Chronicle concede some of the governor's points, but also lapse into silliness.
Illinois business owners have legitimate gripes. [Governor Patrick] Quinn and the Legislature raised income taxes 2 years ago. The state’s worker’s compensation costs are high. Soaring public pension obligations threaten the state’s financial future. If your business does business with the state of Illinois, you won’t be reimbursed for months.

Perry can boast a lower jobless rate in his state (6.4 percent) compared with Illinois (9.5 percent).

Yes, Perry and other out-of-staters believe Illinois is an easy target.

But those of us who live in Illinois know the state has plenty of positives in manufacturing, agriculture, energy, transportation, research and more. Aircraft parts maker Woodward Inc. is bringing new jobs to Rockford. Chrysler is bringing new jobs to Belvidere. Nippon Sharyo is bringing new jobs to Rochelle. SGS Refrigeration is bringing new jobs to Dixon.

We would certainly like the economy to be better, but staying put to work things out is a wiser strategy than jumping ship.

And who, frankly, would have any interest in relocating to Texas – a land of oppressive heat, killer bees, and chainsaw massacres?
Yeah, probably better to make irrelevant pop-culture references rather than consider the implications of "irreconcilable differences."

The news report on the governor's visit details some probable causes that might impel business to separate.
Perry hit on sore points that haunt Illinois' business climate — the nation's worst pension problem, lowered credit ratings and high taxes. His visit coincided with a poll released Monday by Morgan Stanley Wealth Management that found the Chicago area's wealthiest investors are more nervous about their state's economy than counterparts elsewhere in the nation, including the Houston area, which is the fourth largest U.S. city behind Chicago.

"This is a good red state blue state conversation we're having," Perry said. "The idea that we shouldn't be competing against or with each other is really counter to our founding fathers."

Quinn, a Democrat who faces re-election next year, has said Illinois doesn't need advice from Perry, and the state's top Republicans agreed with him on Monday. Instead, GOP members in Illinois said Perry's visit should be another signal that action must be taken the state's nearly $100 billion pension problem.

For years, Illinois skipped or shorted payments to its five pension systems. Illinois legislators have been focused on the issue over the past year have only recently gotten some traction on the issue, with three separate plans awaiting Senate consideration.
The state government is currently stiffing suppliers, or making them wait for payments. The Legislature made a decision to divert money from the pension funds to other purposes, in much the same way that the U.S. Congress has been using the "Social" "Security" "Trust Fund" as a piggy-bank.  In the face of such continued political malfeasance, does it come as a surprise that some businesses might be tempted to channel their inner Davy Crockett?

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