Pritzker's approach is working best
With eyes closed, letter writer Mr. Shea sees more clearly? 9,000 leases unused, mostly because CEOs don't appropriate money to open them and prefer their huge bonuses.
Gasflation increases prices because everything you buy is delivered using oil products. Republican Jerome Powell's rate increases are passed on to consumers.
Wholesale, retail and transport businesses have a line of credit. When Powell raises interest rates, this increases the line of credit and is passed to consumers.
Powell is a Greenspan/Friedman devotee. This economic philosophy led to the S&L disaster in Republican Reagan's administration and into George H.W. Bush's term. During Republican George W. Bush's economic disaster, the average investors lost more than 40%. (I looked, moved my investments before the disaster.)
Bailout money mostly went to CEOs' raises. Multi-billions went to bail out poorly run financial corporations while many people lost their homes. That debt was passed to the next president.
It appears where there is a Republican, there is a disaster. It seems that Powell's real goal is to put the most vulnerable taxpaying people who want to work on welfare roles. Then the Republicans can complain about that.
This would possibly kill Biden's booming economy and record increases in employment and in May '23 increased by 339,000 jobs, unlike GW's policy, which lost about 200,000 jobs per month.
The idea that Pritzker controls rent prices, gasflation, interest rates, is ludicrous. Pritzker has almost rectified Republican Rauner's disaster - $1.6 billion in late payment penalties (wasted money could help pay down pension obligation), $16.7 billion backlog of unpaid bills, eight credit downgrades, unwarranted raises to top employees' salaries 11% to 94%, borrowed $454 million from special state funds to help manage cash flow. Taking on more debt, he defended Illinois' bond sale.
Spend and spend Republicans.
Pritzker's eight upgrades lowest A-, is the right direction.
J.B. Barla
Naperville