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* Progress Illinois posts this headline today…
…And asks….
How exactly does Bill Daley, brother of the Chicago mayor and longstanding chairman of JPMorgan’s Midwest Region, expect to make a viable run for U.S. Senate in Illinois with headlines like this surfacing?
More…
In response to this news, 42 members of Congress — including Illinois Reps. Phil Hare, Luis Gutierrez, and Bobby Rush — signed a letter yesterday to JPMorgan CEO Jamie Dimon expressing outrage at “the potential actions of [the] company to outsource tens of thousands of U.S. jobs.” If Daley were an announced candidate, you can be sure he’d be answering for this as well. He’d also be facing questions about why his company took $25 billion in federal bailout funds, only to use the money to buy other banks — rather than start lending.
PI has posted the full letter from the congresscritters here.
* And here’s a Sneedling that I missed several days ago…
It’s a fact: State Comptroller Dan Hynes, a former health care attorney who is an advocate of federal- and state-funded stem cell research, is planning to run for Illinois attorney general.
• • Hire ‘em: Sneed has learned Hynes has hired Sarah Rosenzweig, a top Obama fund-raiser and Illinois finance director for the Obama inaugural, to raise funds for his attorney general campaign.
• • The upshot: “The campaign is a definite go — but only if Illinois Attorney General Lisa Madigan runs for governor, which is pretty much a sure thing,” said a top source. “Madigan is very aware of Hynes’ intentions,” the source added.
• • The backshot: Hynes was first out of the Illinois political gates in calling for U.S. Sen. Roland Burris’ resignation.
posted by Rich Miller
Wednesday, Mar 18, 09 @ 10:51 am
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I saw that item too Rich, it was news to me - but sort of makes sense. If Lisa runs for Governor the race to replace her will be crowded, but Hynes would clearly be the favorite. The jockeying for ballot spots is getting interesting.
Comment by carbon deforestation Wednesday, Mar 18, 09 @ 11:00 am
So we are seeing a Madigan/Quinn primary, a Giannoulais/Burris/Daley primary, and Hynes running for AG?
Depending on budget backlash, Quinn will beat Madigan, Burris will beat Giannoulais and Daley, and Hynes easily carries the AG nominations.
But we are not through. If Burris is challenged, expect other AA Chicago politicians running for statewide office.
And if the GOP is smart, (LOL!), it would be Gidwitz for Governor, Radogno for Senate, and they recruit Former Comptroller Loleta Didrickson to run for SOS.
Comment by VanillaMan Wednesday, Mar 18, 09 @ 11:11 am
I’m glad the congressman are outraged. If only Congress had the power of oversight, the ability to hold hearings, to set conditions for the expenditure of federal dollars….
I don’t think Bill Daley’s running for anything. He tried to clear the field for a one-on-one vs Burris by leaking his interest, but he didn’t scare off Alexi.
Election after election, Chicago ethnics vote for Mayor Daley because they fear the unknown. I have a hunch that if those voters ever got a chance to vote against another Daley, a lot of them would do so.
Comment by wordslinger Wednesday, Mar 18, 09 @ 11:12 am
Illinois Reps. Phil Hare, Luis Gutierrez, and Bobby Rush — signed a letter ….expressing outrage … outsource tens of thousands of U.S. jobs
Too bad those very same reps consistently vote to import more H1-Bs to take those jobs.
I always thought a Daley in the biz world knew it would be a one-way trip, due to this sort of issue.
Comment by Pat collins Wednesday, Mar 18, 09 @ 11:15 am
With this addition of $400 million, added to the $100 million, and $300 Million already in work in India, that comes to $800 Million. Wow, that would fund a lot of much needed work in this country, also bank employees automatically get a bank account, which is where they pay gets deposited, thus helping Chase out, also with more money in the economy means more people putting money in the bank, or small businesses, or businesses making bigger deposits.
Not a good move considering Caterpiller just had a big layoff, or any others recently. And all the kids graduating out of college with finance, accounting, business degrees are usually your entry level bank employees.
Comment by Third Generation Chicago Native Wednesday, Mar 18, 09 @ 11:24 am
What’s wrong with this writer? JPM took on Bear. That’s what the govt wanted. Get a clue.
Comment by Greg Wednesday, Mar 18, 09 @ 11:31 am
It’s good to see TARP money helping fund William Daley.
Comment by Steve Wednesday, Mar 18, 09 @ 11:46 am
They play for the wrong team obviously, but Progress Illinois seems to get a lot more stuff on here than right of center groups.
If you ever get bored rich, I would love a post on new media and who is doing it well politically in Illinois.
Comment by Shore Wednesday, Mar 18, 09 @ 11:46 am
Alexi will beat Burris and Daley. He’s become quite popular downstate and will surprise everyone with a high percentage of the under-45 African American vote.
BTW, (and I ask this as a bald guy) who was the last bald politician you’ve seen elected? the only ones that immediately come to mind are Gov Corzine, Rep Waxman and our wonderful state senator Kotowski (who may not be bald but shaved, mostly).
Comment by corvax Wednesday, Mar 18, 09 @ 11:55 am
Kotowski is bald? I thought that he was just pandering to the older men constituency.
Comment by carbon deforestation Wednesday, Mar 18, 09 @ 12:16 pm
–who was the last bald politician you’ve seen elected?–
Corvax, very funny and obviously there’s a lot of truth to it?
A couple of summers ago, I took my kids to DC. We spent about 45 minutes outside the Capitol waiting for our tour. During that time, we probably saw a couple dozen of who I assumed were Congressmen. It seemed like every other one had the look of a mid-market TV weatherman, with a thick shock of silver hair. Each was engaged in conversation with a young, leggy female aide, while trailing behind invariably be a short, chubby, spectacled, and yes, bald, male aide carrying all the briefing books.
Comment by wordslinger Wednesday, Mar 18, 09 @ 12:25 pm
I want some of what VM is smoking.
Comment by Bill S. Preston, Esq. Wednesday, Mar 18, 09 @ 12:53 pm
How does Daley run with headlines like this?
The same way Obama ran for President with headlines like ‘Political Corruption in Illinois Off the Chart!’ and ‘Illinois on the Brink of Financial Disaster’ and ‘Yet Again, Record Number of Public School Children Gunned Down in Chicago’ etc etc
Comment by Zounds Wednesday, Mar 18, 09 @ 12:56 pm
I’d also like to smoke some of what VM has.
Comment by emyjo Wednesday, Mar 18, 09 @ 1:14 pm
Daley is playing schoolyard bully again. He wants to push everyone else out and have the Senate seat handed to him. You are right, there are endless bailout, TARP headlines that Daley would have to answer to, not to mention his years on the Fannie Mae board and the high paying job he got his son at Fannie Mae, his lobbying for SBC and close work with Blago on the telecom rewrite, his name popping up in numerous corruption trials (Sanchez trial last week), etc., etc.
If the Dems think Daley is some sort of savior they are nuts. Yes, he can raise money, but other than that, Daley is an endless supply of negatives that will be poison with Dem primary voters right now.
Comment by Abe Froman Wednesday, Mar 18, 09 @ 1:54 pm
Yes, Hynes would make a great AG..since he’s been such a fine prosecutor over the past few years..gimme a break.
Why doesn’t Hynes release the FOIA’s regarding the IFDA?? If it’s Hynes vs. Birkett in Nov 10′ I like Birkett, who is actually a prosecutor & has been DuPage Counties SA for years.
Hynes, like all statewide Dems, are on very shaky ground in 2010.
Comment by scoot Wednesday, Mar 18, 09 @ 2:14 pm
Jack Franks has said that he is running for AG for sure. Hynes had better win or he is through. This could turn into a bloody primary as well.
Comment by mover631 Wednesday, Mar 18, 09 @ 3:33 pm
My guess is that Hynes’ possible candidacy for AG will make a lot of the others (including Franks) thinking about that office look elsewhere. Comptroller, Treasurer and Lt. Gov will all be open.
Comment by Cosmic Charlie Wednesday, Mar 18, 09 @ 3:59 pm
That’s basically Daley’s MO, isn’t it? I mean, wasn’t he Clinton’s “point man” on NAFTA? How many U.S. job exports has Bill Daley contributed to?
You want “change?” Stop voting for Daleys, Hynes’, Madigans, Burkes, Strogers, etc. Funny, Daley has negatives, but the other “relatives” don’t? As long as Chicago, Cook County and Illinois hold a single-party oligarchy over all levels of government within the state, just how, pray tell, does any rational human being expect ANYTHING to get better for the average citizen?
Wake up.
Comment by Snidely Whiplash Wednesday, Mar 18, 09 @ 4:36 pm
From the linked article:
“If the report turns out to be accurate, it will prove to be a huge boost for the Indian IT services sector, which has been jarred in the past six months by the global economic recession and by statements from President Obama warning of wide-ranging protectionism. JP Morgan is seen as a Wall Street leader in IT strategy, and Chiarello is regarded by many as the top CIO in the financial-services market.”
Ok. Lot’s of problems here. First, here’s a test on Obama’s promises of “change.” Will he lead any revision measures against JPMC to stop this, even with Bill Daley a head honcho there? Somehow, I doubt it. And, just how is Chiarello some IT genius? How hard is it to figure out that labor is cheaper in SE Asia than in the U.S.? The point is, what is OUR government going to do to protect OUR people and our jobs? Once again, I ask a stupid question …
Comment by Snidely Whiplash Wednesday, Mar 18, 09 @ 4:54 pm
The comments in this post have been great. Yes, Bill Daley would be in for a big surprise if he ran for Senate. There is a lot of resentment in the bungelow belt against the Daleys for a while now. He keeps getting reelected, yes, but only because a serious opponent has never emerged to run against daMare.
Bill Daley might feel all the pent up frustration amassed in the bungelow belt if he ran for U.S. Senate.
(And Abe, don’t forget about his son’s great paying job now at JPMorgan. It was written about when the parking meters went private.)
Comment by this old hack Wednesday, Mar 18, 09 @ 5:08 pm
Corvax
Peter Fitzgerald was folicly impaired
Comment by mover631 Wednesday, Mar 18, 09 @ 6:19 pm
=============
Too bad those very same reps consistently vote to import more H1-Bs to take those jobs.
=============
I can understand the comment, but would argue that it’s not really the same thing. Some might argue that it’s the lesser of two evils. While other cultures may not spend the way we used to, they do spend while here and pay taxes. Plus, having folks come here benefits us in a number of “soft” ways, too.
An example: I’ve found that folks from India generally are extremely knowledgeable, have a good work ethic and spend breaks sharing knowledge, the latter being something that many of us no longer do very well, for a variety of reasons. That type of competition in our local work force isn’t always a bad thing, because we’re quite capable of accepting and meeting the challenge to do better.
It’s much more difficult to assess and to compete with someone further away. Plus, many government are practicing protectionism locally, so when folks come here, the playing field is levelled because they now have to play more within the context of our rules.
Also, think about regs. How many jobs are off-shored because they have fewer regs than we do here. Again, having folks work within our environment levels the playing field more.
Comment by Anonymous Wednesday, Mar 18, 09 @ 7:40 pm
And don’t forget that to work here, their wages have to be higher because our cost of living is. That can still drive our salaries down, but try competing with someone where a couple of hundred dollars on their home turf puts them in their upper middle class.
Comment by Anonymous Wednesday, Mar 18, 09 @ 7:47 pm
One more comment, and I’m done. “Upper middle class” there means able to easily absorb working longer hours than we do, because they have an even cheaper workforce back home to act as nannies, housekeepers, and caretakers.
Our salaries for the same amount of work means we’re barely staying awake trying to keep with work, domestic, and family responsibilities.
Levelling the playing field may be a compromise to consider during times like these for alot of reasons.
Comment by Anonymous Wednesday, Mar 18, 09 @ 8:15 pm