|Caterpillar plant, Peoria Heights, Illinois|
From Jake Novak of CNBC:
I guess there really is a difference in political parties after all!I doubt it too.
Caterpillar announced today that it's staying in Peoria, Illinois and even expanding its corporate headquarters in the city.
CEO Doug Oberhelman made the statement with Illinois' new Republican Governor Bruce Rauner beaming by his side. Remember it was Oberhelman who openly speculated about moving CAT out of Illinois under the previous Governor, Democrat Pat Quinn. Had Quinn, famous for jacking up state taxes in the middle of the slow recovery, been re-elected over Rauner, I doubt we would seen an event today like we did in Peoria.