Friday, April 24, 2015

set up like bowlin' pins: Illinois King Ruiner leads in the race to the bottom

How stupid do we have to be to allow this:

Christine and Rick on Route 66 !
It is unbelievable to me that only one person did any time when the American financial system was brought to its knees by the lyin' and cheatin' of the folks that work and run Wall Street ! Millions of everyday Americans lost billions of dollars folks and then the American taxpayers had to bail out the big banks and the ceo's and other top banking officials made millions of dollars and they did not even get a slap on the hand ! Is this justice folks ! I think not and the system needs to be looked at and changed so this does not occur again here In America ! What gets me is that all of these republicon governors here in America includin' our new governor here in Illinois King Ruiner wants to do away with pension systems and they want Americans to go to a 401k and invest in Wall Street ! We are bein' set up like bowlin' pins here again by these republicons folks and we should not allow this !
Christine and Rick on Route 66 !

Now you ready for the rest of the news folks ! Little king ruiner is gonna make Illinois Tourism private here in Illinois too folks ! Yep and guess who will be in charge yep ol' king ruiner himself and under him is a republicon puppet cory jobe who is also on the Springfield, Illinois city council folks ! Imagine that and he ain't nothin' but a lyin' thievin, asswipe like all of these other republicons here in Illinois folks ! You were warned and just remember you heard it here first so like and share so we can get the word out folks and this is "Ricks thoughts from the green couch" for this mornin' !

Illinois Gov. Bruce Rauner, left, and House Speaker Michael Madigan
A bill to partially privatize the state's economic development agency has surfaced abruptly in Springfield, and it may be on a fast track to passage.
The proposal, contained in an amendment filed yesterday by House Majority Leader Barbara Flynn Currie to a bill sponsored by House Speaker Michael Madigan, would give both the speaker and Gov. Bruce Rauner something they want.
Rauner would get to establish a private Illinois Business & Economic Development Corp. that would pick up many of the key functions of the Illinois Department of Commerce and Economic Opportunity, a state government agency. For instance, the corporation would have the power to negotiate tax incentive deals with companies, subject to final approval by DCEO. The idea is similar to proposals Rauner made during his race for governor.
Madigan, in turn, would get something he's pushed for: the creation of an independent, free-standing agency to run the Abraham Lincoln Presidential Library and Museum. That responsibility would be taken away from the state's Historic Preservation Agency, which would be dissolved and its remaining functions assumed by the DCEO, according to the proposal.
Madigan spokesman Steve Brown confirmed that the speaker agreed to put both the DCEO and Lincoln library clauses in the same bill. But he said Madigan only has agreed to "consider" privatizing some of DCEO's responsibilities. "The speaker wants to look at it and see the ramifications," Brown said.
But Mike Schrimpf, Rauner's deputy chief of staff, said the measure should receive a committee hearing within a day or so and "could move through the House by the end of the week."
A spokeswoman for Senate President John Cullerton said he is aware of the proposal and is "still reviewing" it.
In some ways, Rauner's proposal is similar to the situation in Chicago, where the privately run World Business Chicago recruits businesses to move to the city and plays a major behind-the-scenes role consulting on development issues. But some have criticized WBC as being too secretive. And the state proposal would give more government powers to a private group—though it stops short of the total privatization that Rauner once seemed to advocate.
According to Schrimpf, the idea is to give a boost to job-creation activities here that have lagged those in other states. The bill "gives us the ability to do economic development in a more efficient and effective manner," he said.
A fact sheet supplied by Rauner's office states: "Illinois lags other states with not-for-profit economic development organizations in job creation and investment. Ohio's job creation rate, for example, was lower than Illinois' before establishing its not-for-profit but now exceeds ours by 40 percent."
But subsidies and tax incentives for private businesses have been extremely controversial in Illinois, with major feuds in recent years over DCEO-administered Edge tax credits grants to CME Group, Sears Holdings and other firms.
The bill would create a development corporation with 16 directors. The governor would name the chairman and 11 of the 16, with the others chosen by House and Senate leaders. There is no requirement that the group include a representative of organized labor, and none would require Senate confirmation.
The development corporation would have the power to receive grants from DCEO and then administer them to others, acting as a "sub-grant(or)." It would develop and provide data on available tax incentives to businesses, form alliances with academic institutions, local governments and others and, most important, "negotiate tax incentives with private businesses, subject to (DCEO) approval."

Asked whether that approval might be merely perfunctory, Schrimpf replied that the department will be kept informed on all pending deals. He added, "I don't think anything's ever perfunctory."
The proposal does include some protections that good government groups will like. Development corporation records generally will be subject to Freedom of Information Act requests, final contracts with the recipients of tax incentives will be posted on a state website and incentive grants will be banned in some cases in which a board member has an ownership interest in the firm scheduled to get tax breaks.
It's not clear, though, whether those rules will be considered sufficient by the Democratic majorities in the House and Senate.
Rauner in February named downstate private-equity executive Jim Schultz to run DCEO. He has been unavailable for comment.
Update, 4:10 p.m — The new bill bears a rough similarity to a measure proposed a couple of years ago by Sen. Andy Manar, who used to be Cullerton's chief of staff. I haven't spoken to him about this new plan yet, but it may be that lawmakers just want to be rid of dealing with a DCEO that hasn't performed as well as they want and which has caused lots of headaches on matters such as who ought to get a tax break.
Update, 5:45 p.m — Leader Currie, in a phone call, says the speaker added the Rauner language as part of his effort to "be cooperative" with the governor.
The bill is set for a hearing in the House Executive Committee at 3 p.m. tomorrow, and even if it passes then, it "won't necessarily race through the House," Currie told me. "There may well be more House discussion."

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