WASHINGTON--President Obama is in Quincy, Ill. today to deliver a speech on Wall Street reform--where he will probably beat up Senate Republicans for blocking the Democratic financial reform bill. To push back, Rep. Aaron Schock (R-Ill.) who represents a neighboring district, will be part of a conference call to comment on Obama's Illinois visit.
Meanwhile, the Republican National Committee on Wednesday released an Illinois-specific memo (click below) slamming the impact of Obama policies.
Below, release from the Republican National Committee....
JUST A GLIMPSE AT WHAT WHITE HOUSE TO MAIN STREET REALLY MEANS
Since The Stimulus Was Passed, Over 187,000 Jobs Have Been Lost In Illinois. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 4/26/10)
Since The Stimulus Was Passed, Unemployment Has Increased By Over 32 Percent In Illinois, From 8.7 Percent To 11.5 Percent. (U.S. Bureau Of Labor Statistics, www.bls.gov, Accessed 4/26/10)
WASTE, FRAUD AND ABUSE
Cost-Of-Living Adjustments Are Being Counted As Jobs In Illinois. "Hilary Freeman, vice president of quality and performance at the society, said 34 employees got cost-of-living adjustments from stimulus funds. But that's been counted as 34 jobs created or saved." (James Janega, "Billions In Stimulus Cash For Illinois, But Jobs Harder To Quantify," The Chicago Tribune, 11/24/09)
Biden Held Chicago Factory Up As "Poster Child" For Green Stimulus Jobs, But Few Jobs Have Been Created. "Vice President Biden visited the factory in April, holding it up as a poster child for green jobs created by the $787 billion stimulus act. ... But months after Serious Materials chief executive Kevin Surace planned to be churning out windows, the factory still has very few customers and has hired back fewer than 20 workers. In fact, Surace said the company is spending $100,000 a week just to keep the factory open." (Kari Lydersen, "Stimulus Funds Yet To Open Many Windows," The Washington Post, 10/18/09)
A HEALTH CARE AGENDA THAT WILL CRUSH ILLINOIS JOBS
Peoria Based Caterpillar Inc. Said Obama's Bill Would Increase Their Costs By $100 Million In First Year, "Place [Them] At A Disadvantage Versus [Their] Global Competitors." "Caterpillar Inc. said the health-care overhaul legislation being considered by the U.S. House would increase the company's health-care costs by more than $100 million in the first year alone. ... 'We can ill-afford cost increases that place us at a disadvantage versus our global competitors,' said the letter signed by Gregory Folley, vice president and chief human resources officer of Caterpillar. 'We are disappointed that efforts at reform have not addressed the cost concerns we've raised throughout the year.'" ("Caterpillar: Health Care Bill Would Cost It $100M," Dow Jones Newswires, 3/19/10)
Chicago Based Exelon Corp. Expects $65 Million Hit In Q1 As A Result Of Obama's Government-Run Health Care Experiment. "Exelon Corp., the largest operator of nuclear plants in the United States, expects a non-cash charge of about $65 million in the first quarter of 2010 due to the recently passed healthcare reform law. The reduced income tax deductions are also estimated to increase Exelon's total annual income tax expense by about $10 million to $15 million, the company said in a filing with the U.S. Securities and Exchange Commission." ("Exelon To Take $65M Hit From Healthcare Reform," Reuters, 4/1/10)
Moline's John Deere, Is Losing $150 Million This Year Because Of Dems' Government-Run Health Care Law. "Deere & Company, Iowa's largest manufacturing employer, said in a statement this morning that the recently-passed health care legislation will cost the company $150 million after tax this year... Golden said Deere and other companies warned congress in a letter last December that the imposition of a tax on the prescription costs would force publicly-traded corporations like Deere to publicly account for the extra costs. Deere said the impact of the legislation had not been included in its forecast for a profit of $1.3 billion for this year..." (Dan Piller, "Deere Says Health Care Bill Will Cost It $150 Million," The Des Moines Register's "Green Fields" Blog, 3/25/10)
"Instead of travelling half way across the country on a 'Main Street' tour, maybe the President should have stayed home and thought about some new initiatives to get Americans back to work instead of the same old tax and spend policies that Americans reject." - Ryan Tronovitch, RNC Spokesman