The Barbershop: Dennis Byrne, Proprietor

Illinois will not survive this, Gov. Pritzker

Just how long do you think that Illinois can survive the vice grip that you and Chicago Mayor Lori Lightfoot with which you are crushing the economy with?

I’ve moved from Illinois, so I guess I shouldn’t care anymore, but it’s still my hometown, and you squeezing the crap out of it with your insanity.

The Illinois Policy Institute (yes, I know that you and your ilk ignore it because it’s just a bunch of crazy right wingers who care only about themselves) now report that

ILLINOIS’ ECONOMY SHRINKING BY MORE THAN $183M PER DAY AS STATE APPROACHES 1M NEW JOBLESS CLAIMS

The details:

The state’s unemployment rate is nearly 18% – around 50% higher than the worst months of the Great Recession.

Meanwhile, the Illinois Policy Institute estimates that Illinois’ gross domestic product shrank by 7.4% on an annualized basis, bringing the current economic cost to more than $183 million each day.

For context, during the worst period of the Great Recession, economic activity was 5.5% lower than at the previous peak in December 2007. Unfortunately, fiscal mismanagement resulted in an anemic Illinois recovery with real gross domestic product growing at an average annual rate of only 1.29% since the trough of the Great Recession in June 2009.

Just continue down the road that you’re taking and default is in your future. Whatever the fed gives you because of the pandemic, it won’t make a dent in the direction that you’re heading.

Related: The burden of proof lies with the economic lockdown proponents. And governor, you haven’t met it.

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www.dennisbyrne.net

My historical novel: Madness: The War of 1812

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Filed under:
Chicago, Economy, Illinois politics

Tags:
Coronavirus, COVID-19, J. B. Pritzker