Broadway Bank is a legit issue and certainly it is worthy of news, but the Chicago Tribune Editorial board might want to look at their own company a bit more before continuing their incessant whining about the fiscal condition of the State of Illinois.
Leveraged to the hilt, delivering mediocre services, and in needs of living within it’s means. Yes, absolutely the Chicago Tribune is in no place to lecture anyone on how politicians need to learn to run government like a business. It appears that Rod Blagojevich ran the State of Illinois an awful like a business–The Chicago Tribune to be specific.
Government necessarily deals with the things the market cannot provide efficiently. That’s why we have a government. The absolute pass Kirk and the entire Republican Gubernatorial field got this primary season should be an embarrassment to the once proud paper of record now reduced to a parody of itself on its editorial page. Kirk sat around and backed every effort by the Bush administration to avoid accountability for banks. Every damn effort. He backed Bush’s budgets and tax cuts that were highly irresponsible. The Republican Gubernatorial field largely acted like efficiency fixes could solve the problem for the State of Illinois and we need to trim the ‘fat’ regardless that the State of Illinois has a relatively small payroll for a state with its population. But the Tribune lectures how they are frugal and business like in their dealings.
All of which is true, just like Sam Zell the Illinois Republicans have no plan and figure that actual solutions can be thought of when they are in power.
Reality is hard for the Tribune editorial board. If they deal with it they might notice the house of cards they are on top of….