Wednesday, January 07, 2015

If it's tip of iceberg, Illinois is the Titanic

Every Illinoisan should know about and be concerned that two weeks prior to his inauguration, Bruce Rauner has established a $20 million war chest to 'influence' the legislature to pass Rauner's agenda. His predecessor Pat Quinn would probably have been lucky to scrape together $20 to influence legislation during his 6 year tenure. Rauner parted with $10 million of his own 'walkin around' money to start the fund. Another $8 million came from hedge-fund fellow billionaire Ken Griffin, with the final $2 million from GOP rainmaker Dick Uihlein.
The aforementioned Rauner insider remarked how Rauner's $20 million iceberg tip is going to morph into a glacier. "It's the first in a series, part of a multipronged effort in which other funding vehicles will be formed."

If anyone thought that Rauner's $21 million personal fortune spending spree to get elected ends his money trail to power, they are sadly mistaken. Those of us used to a middle class 'Grabowski' like Pat Quinn doing the hard work serving the entire public, will have to get used to an oligarch 'Rockefeller' like Bruce Rauner buying his way to governance for the rich and famous of Illinois.
I'm a little skittish about the upcoming Rauner inauguration five days hence. Sorta reminds me of the inaugural voyage of a really big ship 103 years ago. Let's all keep a sharp watch for those financial icebergs.

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