Chicago’s Middle Class is Disappearing

Daniel Kay Hertz, student at the University of Chicago Harris School of Public Policy has an animated gif showing how the middle class has disappeared in Chicago.  Whose policies are causing the disaster that is Chicago?  Democrats of course.  Republicans haven’t had a Mayor in Chicago since William Hale Thompson from 1927-1931. You can view […]

No Traction

CapitolFax is trying to figure out the story about Bill Brady’s homebuilding business legal troubles is not gaining any traction.  Here are some snippets from the story: State Sen. Bill Brady’s homebuilding business has been sued twice for defaulting on loans worth millions of dollars. Last year, Brady resolved a $1.7 million default case in […]

Pat Quinn 2014 State of the State: We Made a Comeback, Jobs are Being Created, Companies are Moving Here

In listening to Gov. Pat Quinn give the 2014 State of the State address today, it is clear he is as delusional as President Obama was last night in his State of the Union address.  He continually repeated the following themes: We’ve made a comeback Getting the job done Finish the job Equality and fairness […]

The New Class Warfare

California’s superwealthy progressives seem intent on destroying middle-class jobs. Few states have offered the class warriors of Occupy Wall Street more enthusiastic support than California has. Before they overstayed their welcome and police began dispersing their camps, the Occupiers won official endorsements from city councils and mayors in Los Angeles, San Francisco, Oakland, Richmond, Irvine, Santa Rosa, […]

Credit where credit is due

American Federation of State, County and Municipal Employees  flak Anders Lindall told the Illinois Radio Network this week he believes that Illinois corporate executives are engaging in a diabolical conspiracy to profit from Illinois bonds receiving a lower credit rating. “These powerful CEOs and lobbyists are going behind closed doors to try and drive down […]

The Meyers Report: FOMC Confused

Last week’s Federal Open Market Committee (FOMC) Minutes show its members are completely confused over what they have done, what they are doing and what they plan to do. Pity the poor secretary who tried to resolve inconsistencies as members contradicted themselves. Other than the confusion over the Fed’s Minutes, there was no significant economic news this past week. This upcoming economic […]

The Magic, Fairy Dust Naivete That Is Progressive Economics

Let’s proclaim the Good News: Government money is free. No, not just to the beneficiaries of government programs. To society as a whole. Meaning there is no economic cost to government spending whatsoever. The more the government spends, the richer we will all be. Let the Good Times roll. That is the foundational principle of […]

David McSweeney’s Leadership is Evident in Illinois

The Northwest Herald is reporting that Governor Quinn stole David McSweeney’s (R-Barrington) idea to halt lawmaker salaries until the $100 million dollar pension problem has a workable solution.  Moreover, the paper says that it was the right decision.  Read it for yourself. When McSweeney was running against Dee Beaubian (I D – Barrington) for state representative […]

The Meyers Report: Economic Notes

Commercial Real Estate Lending Lending rates continue to climb. Since April 29th, rates for multi-family lending continue to rise. HUD 223(f) and 221(d)4, now at 4.29% and 4.94%, respectively, are both up by 0.86%-age points Fannie Mae loans have risen even more, generally rising between 1.07%-age and 1.42%-age points. There appears to be little pressure […]

The Meyers Report: Economic Notes

Energy Independence We are working on it. Despite increased government impediments, over the last seven years, our crude oil imports are down 23% and our exports of crude and refined products are up by 230%, according to the US Energy Information Administration. In terms of net imports of all petroleum products, we have gone from […]