Tag Archives: Illinois

Senator Dick Durbin to Walgreens: Stay in Illinois or else….

Senator Durbin is the second most powerful Democrat in the Senate. Illinois has the highest taxes in America so companies are leaving in droves. Time to whip out the thug card….

National Review:

Score another victory this week for the Senate’s lead political thug, Dick Durbin. The second-highest-ranking Senate Democrat and lead political henchman coerced retail giant Walgreens to stay in Illinois and not move as planned to Switzerland.

The government’s intimidation campaign against Walgreens was so heavy-handed that it would make Richard Nixon blush. Walgreens was set to move in order to reduce its tax liability and avoid the 40 percent income tax rate it pays as an Illinois-based corporation. This would have saved the company and its mostly American shareholders an estimated $4 billion over five years.

But back in July Mr. Durbin sent an astounding letter to Walgreens CEO Gregory Wasson warning the company, and demanding that it abandon its plans to relocate.

He lambasted the company’s move as a “clever tax dodge,” and threatened that “deeply patriotic” customers would not “support Walgreen’s decision to turn its back on the United States.” He added, subtly, that “nearly all of your $2.5 billion in profits earned last year were from sales to U.S. taxpaying customers.”

That was followed by other threats of political retaliation. “Much of Walgreens financial success was built on programs and infrastructure provided by the U.S. government” and “the future success of Walgreens will continue to depend on U.S. taxpayers and government-funded programs.” Just in case Mr. Wasson didn’t get the point, he reminded him that “nearly 25% of Walgreens profits were from U.S-funded Medicare and Medicaid programs.”

Unfortunately, our elected officials in Congress now feel they have the political power to carry out these threats with impunity.

Now Mr. Durbin is celebrating the Walgreens shakedown. The big losers here were the shareholders — including thousands and thousands of middle class Americans — whose retirement funds include Walgreens stock. The stock fell in the 24 hours after the announcement by more than 10 percent and so shareholders lost at least $6 billion on the announcement. That’s a lot of financial wreckage from one single senator.

In case there is any doubt that Mr. Durbin’s threats were heard, the statement by Walgreens about why it was not moving after all was revealing. The firm cited big risks of “consumer backlash and political ramifications, including the risk to our government book of business.” In other words: We got your message, Mr. Durbin.

 

Vote Machines Change Republican Votes to Democrat in Chicago

Via Fox News and Watchdog.org:

CHICAGO — Early voting in Illinois got off to a rocky start Monday, as votes being cast for Republican candidates were transformed into votes for Democrats.

Republican state representative candidate Jim Moynihan went to vote Monday at the Schaumburg Public Library.

“I tried to cast a vote for myself and instead it cast the vote for my opponent,” Moynihan said. “You could imagine my surprise as the same thing happened with a number of races when I tried to vote for a Republican and the machine registered a vote for a Democrat.”

The conservative website Illinois Review reported that “While using a touch screen voting machine in Schaumburg, Moynihan voted for several races on the ballot, only to find that whenever he voted for a Republican candidate, the machine registered the vote for a Democrat in the same race. He notified the election judge at his polling place and demonstrated that it continued to cast a vote for the opposing candidate’s party. Moynihan was eventually allowed to vote for Republican candidates, including his own race.

Moynihan offered this gracious lesson to his followers on Twitter: “Be careful when you vote in Illinois. Make sure you take the time to check your votes before submitting.”

Cook County Board of Elections Deputy Communications Director Jim Scalzitti, told Illinois Watchdog, the machine was taken out of service and tested.

“This was a calibration error of the touch-screen on the machine,” Scalzitti said. “When Mr. Moynihan used the touch-screen, it improperly assigned his votes due to improper calibration.”

George Will: Obama Is Practicing Trickle-Down Economics (video)

George Will at his best. This is so true, especially when you factor in how the left defines the terms.

The video can be seen HERE.

GEORGE WILL:

The president went to the state of Illinois to brag about the economy. Illinois has 300,000 fewer jobs than it had in 2008. For the last four years in the state of Illinois, the number of new food stamp recipients has increased twice as fast as the number of new job recipients. He was speaking in Illinois on a college campus. He did not mention that 40 percent of recent college graduates are either unemployed or underemployed — that is, in jobs that don’t require college degrees — and one in three recent college graduates is living at home with their parents.

Now, the president, we just heard, disparage trickle-down economics while bragging about doubling the stock market value. He is practicing trickle-down economics by doubling the stock market. He, and, for six years now, and most recently under his choice to be head of the Fed, Janet Yellen, have had zero interest rates, the intended effect of which is to drive people out of bonds and into assets like farm land, but particularly into stocks. That is why this has been a boon to the 10 percent of Americans who own 80 percent of all the directly owned stocks. And this is why 95 percent of the wealth created in the last six years have gone to the dreaded top one percent.