As a Cat stockholder this one saddens me. As an American this one sickens me. Another case of tax and spend politicians messing it up for everyone.
So, in today's news, Caterpillar C.E.O., Doug Oberhelman writes....
"I want to stay here. But as the leader of this business, I have to do what's right for Caterpillar...The direction that this state is headed in is not favorable to business."
Of course, I've been blogging about this for a long time. Two recent posts that I've written are:
My wife and I lived across the "Cat" plant in Montgomery, Illinois when we first got married. They're a staple in Illinois. This would cost Illnois roughly 4,000 jobs. As ABC news says, this comes after Governor Quinn signs into law a roughly 67% state income tax hike on both companies and individuals! This letter was not meant for the public, but the CEO, says that he's being wined and dined by many states. In truth, I can't get in the car without hearing some recruting pitch for companies in Illinois by other states.
I know a number of people who have taken themselves and their businesses and moved out of state. It's all because Quinn isn't smart enough to attract new businesses and he can't stand up to the unions. I have to be honest.....for the first time in my life (I've been here my entire life), I'm looking at options for selling my home and moving out of state myself. I"m not going to shoulder the burden for all of Quinn's programs.
A lot of employers have left and there's a lot of others considering leaving us! It's horrible. Quinn says that "Cats" not going to leave us. Why would they?" Hello?????? All I can think of is that movie....
Dumb and Dumber!
So Stupid and so costly!