Illinois or Mexico? Guess who has to pay higher interest

From Bloomberg News, via Newsalert, via Instapundit:

Illinois capital-markets director John Sinsheimer and Citigroup Inc. bankers took a globe-girdling trip from the U.K. to China in June to persuade investors that the state’s $900 million of Build America Bonds were a bargain.


The seven-country visit worked. The state sold one-fifth of the federally subsidized securities abroad the next month, tapping investors who are the fastest-growing source of borrowed cash for U.S. municipalities. Illinois, with the lowest credit rating of any state from Moody’s Investors Service, dangled yields higher than Mexico, which defaulted on debt in 1982, and Portugal, which costs more to insure against missed payments.

In other words, the children of the state of Illinois are going to be forking out Payday Loan-type interest rates.  All so their parents can support the political culture that produced Barack Obama, Rod Blagojevich, these 3 governors who have been to jail, Dan Rostenkowski, and the next mayor of Chicago. 

Mexico is a better investment.  I repeat, Mexico is a better, safer investment.  Look at these three guys.  Would you purchase a used hubcap from any of them???  Let it roll around in your brain for a few minutes.  According to people who evaluate risk, Mexico is a safer investment than Illinois. 

CAVEAT EMPTOR, dammit ! !

If you purchase the Illinois bonds, Obama is eventually going to print some money, give it to Illinois, and they are going to pay you back with .50 cent dollars.  Hide and watch.   
Mexico is a better investment. 

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The Wanted Poster came from here. 

Bill Clinton's Running Mate Unable To Carry Home State Of Illinois

Bill Clinton was unable to carry Illinois on Super Tuesday, despite selecting a running mate from a Chicago Suburb.

Former President Clinton was able to carry his own home state of Arkansas.

This is similar to the 2004 elections when Democratic Presidential nominee John Kerry selected John Edwards of South Carolina as his running mate. Edwards was unable to deliver South Carolina for the Democratic Party.

There was a similar embarrasment when Al Gore couldn't carry his own home state of Tennessee in the 2000 elections.

Bill Clinton should now consider a different person for the bottom of the national ticket. Someone with a greater "electability" quotient than Hillary Clinton. Perhaps a popular Governor or Senator from one of the large swing states like Florida or Ohio. Or even Illinois Senator Barack Obama.