Capitol Fax.com - Your Illinois News Radar » *** UPDATED x1 - Praise is thick as two talk *** Caterpillar CEO: Cat’s here to stay, and state income tax hike was inevitable
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
*** UPDATED x1 - Praise is thick as two talk *** Caterpillar CEO: Cat’s here to stay, and state income tax hike was inevitable

Tuesday, Apr 5, 2011

* If this story doesn’t knock down all the people cheering for Illinois’ demise, I don’t know what will

Gov. Quinn and Caterpillar Inc., CEO Doug Oberhelman met Tuesday to assure a commitment to increasing Illinois exports and reforming the costly working compensation system in an effort to make Illinois‚ business climate more competitive. […]

After the meeting, Oberhelman attempted to quell the speculation of the Fortune 500 company leaving by saying Caterpillar “is here to stay.” Oberhelman and Quinn then renewed their commitment to making Illinois a more appealing place to do business, with Quinn highlighting the need to keep the company in state to ensure economic growth. […]

Oberhelman said Tuesday he thought an income tax increase was inevitable and that he looks forward to working with Quinn in addressing the other areas to help Illinois‚ economy, with worker‚s compensation and increasing exports being chief concerns. [Emphasis added]

Well, that pretty much negates every theory about how the Caterpillar CEO is so furious about the tax hike that he’s preparing to leave at the drop of a hat.

* The event was, I’m told, a love fest. At one point, Oberhelman reportedly said that Gov. Quinn would make a good Caterpillar salesman.

Check back later for audio and more updates.

*** UPDATE *** Caterpillar CEO Doug Oberhelman said the two men had an “excellent meeting” and that he was “pleased” with Gov. Quinn’s efforts to date.

“We’ve got a lot of good things going for us in Illinois,” Oberhelman said of his company. “We’re invested heavily here, and we are going to work together to find a way to invest more here, and continue to be proud of our state.”

“He has brought a degree of honesty and integrity back to our state that has been lacking for a long time,” Oberhelman said of the governor. “We have with us today an honest man as governor of Illinois for the first time in a long time, and I think that’s the beginning of an image change (for the state).”

Asked about workers’ compensation reform, Oberhelman said, “The governor is committed to do that.”

On the tax hike, Oberhelman pointed to an op-ed he wrote in January saying he thought the tax increase had been inevitable, and added, “I think the hole in Illinois is so deep it’s going to take all pieces and all elements to get out of over a long period of time.”

“We can go out and poach others,” Oberhelman said about the poaching efforts by other states, if the climate improves. “We want a climate here, that the governor shares, in terms of being very business friendly,” he said, offering further praise for the state’s governor.

“Say, I might make the governor my salesman here after that speech,” Oberhelman said after Quinn delivered a very long response to a reporter’s question.

Listen to the full Q&A…

Oberhelman’s presentation of an award to Quinn was also filled with praise…

- Posted by Rich Miller        

23 Comments
  1. - cassandra - Tuesday, Apr 5, 11 @ 11:38 am:

    I think others have pointed out that Cat wasn’t paying that much in taxes anyway. Making that statement didn’t cost them much. It’s the middle class that’s feeling the pain of the Dems’ income tax increase, not the corporates.

    But if significant workers comp reform is what Cat wants, doesn’t that put Governor Pat in the hot seat with the unions. What will he do now.
    Ding the unions? The docs? Despite the happy talk, there doesn’t seem to be a happy ending for all and as we’ve seen Governor Pat is not at his best when real negotiating is needed.


  2. - wordslinger - Tuesday, Apr 5, 11 @ 11:38 am:

    Oberhelman is a breath of fresh air.

    In an economic era dominated and ravaged by snake-oil-selling financiers and their lapdog business media — producers of nothing — here’s a regular guy that runs a company that actually makes something — big, honking, earth-moving machines — that provides good middle-class jobs for regular folks.

    He wants to be a part of a positive, forward-thinking political conversation. Good.


  3. - Rich Miller - Tuesday, Apr 5, 11 @ 11:39 am:

    ===What will he do now.===

    He unveiled a proposal on Friday.


  4. - Small Town Liberal - Tuesday, Apr 5, 11 @ 11:41 am:

    - Oberhelman reportedly said that Gov. Quinn would make a good Caterpillar salesman. -

    Oh, well, that clears this up. Obviously Quinn is going to trade some sort of state freebie for a guaranteed gig selling tractors after he leaves office. Pay-to-Play Pat, at it again…

    Snark.


  5. - just sayin' - Tuesday, Apr 5, 11 @ 11:51 am:

    Guess this means people like IL GOP Chair Pat Brady will have to stop sending out emails using CAT as an excuse to run down and badmouth the great state of Illinois for selfish political reasons.

    I love it when dishonest people are hoisted on their own petards.


  6. - 4 percent - Tuesday, Apr 5, 11 @ 11:53 am:

    I think that Cat offered a laundry list of needsnat Quinn agreed to help


  7. - Small Town Liberal - Tuesday, Apr 5, 11 @ 12:05 pm:

    - Guess this means people like IL GOP Chair Pat Brady will have to stop sending out emails using CAT as an excuse to run down and badmouth the great state of Illinois for selfish political reasons. -

    Not to mention Aaron Shock. Think he’s upset that he wasn’t in on the little secret before he called Quinn idiotic?


  8. - wordslinger - Tuesday, Apr 5, 11 @ 12:23 pm:

    Perhaps one of the guilty parties in the Illinois media can put together a story on how and why virtually everyone got the initial CAT story hopelessly wrong — and on the motivations of many political “leaders,” including Peoria’s congressman, who fanned the flames.


  9. - Anonymous - Tuesday, Apr 5, 11 @ 12:23 pm:

    Oberhelman would make a great governor. So would Ed Rust (State Farm) I wonder how long Pat Quinn would last as CEO?


  10. - CircularFiringSquad - Tuesday, Apr 5, 11 @ 12:39 pm:

    Guess that means Aaron’s shrieking was off base…hmmmm


  11. - Robert - Tuesday, Apr 5, 11 @ 12:43 pm:

    I wonder how Pat Quinn as Caterpillar spokesman handle a controversy involving Caterpillar supposedly threatening to move out of state?


  12. - Loop Lady - Tuesday, Apr 5, 11 @ 12:53 pm:

    yeah, but you know Fed Up won’t care what the CEO
    said about Quinn aka “another lie from Quinn”…
    but this time he’ll have to call the commenter a liar instead of Quinn…good job Pat…


  13. - chtownhv - Tuesday, Apr 5, 11 @ 1:03 pm:

    Why does the Trib feel the need to add the “for now”? Shesh
    http://chicagobreakingbusiness.com/2011/04/caterpillar-ceo-company-to-stay-in-illinois-for-now.html


  14. - Rich Miller - Tuesday, Apr 5, 11 @ 1:06 pm:

    chtownhv, some people cannot admit their mistakes. It’s not an easy thing, trust me.


  15. - cassandra - Tuesday, Apr 5, 11 @ 1:10 pm:

    But when the going gets tough will he really do it?
    Will the reform be substantive? If so, who will pay?
    And if the Legislature disagrees, will he veto it.


  16. - Anonymous - Tuesday, Apr 5, 11 @ 2:51 pm:

    chitownhv: I was struck by the trib headline too. The sun-times got it right. Despite their anti-tax meme, the Trib got egg on its face again. The decline of a once-great publication continues unabated…


  17. - CircularFiringSquad - Tuesday, Apr 5, 11 @ 3:11 pm:

    ANON 2:51 the decline really hit bottom when they held repeated meetings with Blagoof to get the $100 million pay day for Wrigley….Never did they walk over the the USA to report the Blagoof price There cannot be much left to decline after that.


  18. - wordslinger - Tuesday, Apr 5, 11 @ 3:12 pm:

    –“We’ve got a lot of good things going for us in Illinois,” Oberhelman said of his company. “We’re invested heavily here, and we are going to work together to find a way to invest more here, and continue to be proud of our state.”–

    This guy rocks.

    An Illinois boy who made good, who’s proud of where he comes from, says it and is willing to roll up his sleeves and make it better.

    Compare and contrast with Jimmy John.

    Quinn must feel like it’s Christmas in April. After all the stuff from the nattering nabobs of negativism like the Trib, Walker, Christie, Daniels, Perry, Schock, Don and Roma, blah, blah, blah, the 800-pound business gorilla of Central Illinois has weighed in. Splendid behavior.

    Kind of lonesome on this thread. Some usually prolific authors are missing. I just hope they’re alright.


  19. - wordslinger - Tuesday, Apr 5, 11 @ 3:36 pm:

    –Despite their anti-tax meme, the Trib got egg on its face again.–

    Yeah, they’re something. As has been reported, they didn’t pay state corporate income taxes in years past — I doubt very much they’ve been paying them while they’re in bankruptcy.

    What’s the over/under on fiscal responsibility and ethics lectures from a company in bankruptcy that ransacked its employees retirement savings and played ball with Blago to try to stick the taxpayers with the liability of Wrigley Field, anyway? Go with the over.


  20. - reformer - Tuesday, Apr 5, 11 @ 4:02 pm:

    Any chance that Pat Brady will rescind his incendiary rhetoric? I guess I won’t hold my breath.


  21. - 47th Ward - Tuesday, Apr 5, 11 @ 4:13 pm:

    ===Kind of lonesome on this thread. Some usually prolific authors are missing. I just hope they’re alright.===

    Lol, I think I know who you’re talking about Word. They must be out selling their U-Haul stock.

    Drink!


  22. - Demoralized - Tuesday, Apr 5, 11 @ 4:24 pm:

    ==Oberhelman would make a great governor. So would Ed Rust (State Farm.==

    I would not vote for either man for Governor without knowing more about their GOVERNING skills. No matter what the general public might think a person cannot translate private business experience into the public sector. It is a recipe for failure. Having worked in the government for many years and watching people try to apply business sense to the government I can tell you it doesn’t work simply b/c government doesn’t operate like a business. You can’t just issue edicts to get things done. Laws and rules get in the way of those operations and businesspeople have a hard time adjusting to that fact.


  23. - wordslinger - Tuesday, Apr 5, 11 @ 5:17 pm:

    47, I guess we have to replace “U-Haul” with “CAT.” I’ll drink to that.

    The twists-and-turns of this story have really put a smile on my face. Here you have a good corporate citizen making an honest, sincere outreach, and it got perverted beyond belief by lazy media and feral politicians into the same, dreary, useless “we suck” narrative.

    The Cat Man set them straight today, didn’t he?

    After months and months of unremitting, ignorant nonsense about what a bad place Illinois is, a big-time, international player stepped up smacked it down.

    Not that there aren’t issues and problems. Not that an international corporation like CAT isn’t going to diversify it’s investments. Only the lazy and weak-minded believe in heaven on earth.

    But in the last week, Oberhelman has changed the conversation in Illinois from “we’re so bad” to “we’re good, and we’re going to get better.”

    Way to step up, daddio.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* "I’m in it to win it. Not for a show"
* AG Raoul task force raid finds more than $1 million in stolen goods
* The trend is definitely not our friend
* Downstate vs. Chicagoland
* Question of the day
* Itasca probed by feds over NIMBY vote
* Local pension fiefdoms still fighting for survival
* Meanwhile, in Crazytown
* Open thread
* *** LIVE COVERAGE ***
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller