EMANUEL: Does he still want 'four more years?' |
In
fact, I wouldn’t be shocked to learn that our officials don’t really have a
clue – other than the cheap, old rhetoric they usually fall back on – as to how
to resolve the problems we’re confronted with.
I
CAN’T HELP but wonder if Rahm Emanuel, as he prepares to take the oath of
office on Monday to serve another four-year term, is now secretly regretting
that he won the municipal election runoff held last month.
He
could be drifting off into the next phase of his life right about now, rather
than having to have his name forevermore attached to whatever solution people
try to implement. If it goes wrong, he’ll forevermore get the blame!
Which
is kind of funny, since we were fed all that campaign rhetoric just a few weeks
ago about how the concept of Jesus Garcia as mayor of Chicago would be an
ultimate disaster! All kinds of horrible things would happen to the city if we
didn’t let Rahm have a second term as mayor.
When
you think about it, bad things have happened regardless. Our credit rating was
reduced literally to junk by the Moody’s Investors Service. While Standard
& Poor’s didn’t take the same exact action, they also downgraded the bond
ratings that determine how much interest we’re going to have to repay on our debt.
WILL
CHICAGO BE literally reduced to only being able to borrow money from those
shifty guys who make their money off the “vig” from their loans – as in they
charge exorbitant interest because their “customers” are incapable of getting a
traditional loan?
CLINTON: What will he think? |
Or
would even the loan sharks refuse to do business with city government because
we’re too bad a risk and there’s no fingers or kneecaps to break.
Unless the mayor literally has to serve as a surrogate for the city. In which case, perhaps he ought to make sure his health insurance is adequate for the pain he’ll suffer.
Now
I’ll be the first to admit that I’m being a smart aleck. I’m making organized
crime analogies over serious issues involving municipal finance.
BUT
PERHAPS THAT is how the mayor himself is having to think of this issue these
days. You almost have to have a sense of humor about the term “junk bonds”
being applied to our city’s government.
As
though the people who are most eager to spread this story have their own
ideological hang-ups with regard to urban issues and large municipalities –
particularly if they’re filled with people who aren’t exactly like themselves
in every racial and ethnic way!
GARCIA: Thankful he didn't win April 7? |
How
do we get out of this debt and get the bond-rating agencies to boost our
standing back to a higher level? While wondering why it wasn’t the state
government’s bond ratings that took the hit, instead of Chicago’s?
I
do find some humor in those people who suggest that this is now the motivation
to approve development of that city-owned casino that some Chicago officials
have been dreaming about for years.
IT’S
FUNNY BECAUSE the kind of money that such a casino would create as the city
(and state) share of tax revenues is so piddly and insignificant compared to
the billions of dollars that would need to be produced to truly put Chicago
government on fine solid financial stats.
Even
more ridiculous are those people who are talking of the state’s pension funding
shortfall and who now want a state Constitutional amendment to make possible
the very action that the General Assembly tried enacting – only to have it
found unconstitutional.
OBAMA: Will he, Rahm and Bill be future pol trio? |
That
would take so much time to get approved, and the whole while the financial situation
would become worse and worse for city and state. This is the time for the
radical solution – and not the pie in the sky fantasy!
All of which makes me wonder what will go through Emanuel’s mind as he takes his oath of office, with former President Bill Clinton watching. Dreaming of the day when he can be an ex-politico like William J. (and soon, Barack H., maybe they'll have periodic meetings at the future Obama Presidential Library and Museum) and can think high-minded thoughts about future officials trying to resolve the ongoing issues our government faces.
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