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On Wednesday, Mayor Daley joined with local gas company officials to announce new programs to help low-income customers pay their heating bills. He disclosed that corporate leaders are telling him they are planning huge layoffs in November and December, which will leave many Chicagoans out of work.
“This is going to be all year, so it’s going to be a very frightening economy,” Mayor Daley said. “Each one tells me what they’re laying off, and they’re going to double that next year. We’re talking huge numbers of permanent layoffs for people in the economy. It’s going to have a huge effect on all businesses.”
The mayor said the gravity of the situation cannot be underestimated.
“We never experienced anything like this except people who came from the Depression,” Mayor Daley said. “When you have that many layoffs early â€“ and they’re telling me this is only the beginning of their layoffs â€“ that is very frightening.”
Mayor Daley also warned that local governments will be in jeopardy and may not have enough money to meet payroll, although he is not worried about paying City of Chicago employees.
It seems to me that everybody wants to get the hell out of Chicago. Obama sure did.
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