Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Chicago Mayor Emanuel launches re-election campaign

Published 12/06/2014, 08:18 PM
Updated 12/06/2014, 08:18 PM
© Reuters. Chicago Mayor Emanuel listens as U.S. President Obama talks about the economy, in Northwestern University in Evanston

By Mark Guarino

CHICAGO (Reuters) - Chicago Mayor Rahm Emanuel formally announced his candidacy for a second term on Saturday in a speech that highlighted his successful effort to push through a minimum wage increase in the city.

While mostly avoiding specific references to the achievements of his first term, Emanuel expressed pride in a bill that the city council passed this week to bump up the minimum wage gradually to $13 an hour in 2019 from the current $8.25 an hour.

"Washington wouldn't do it. Springfield couldn't do it. But here in Chicago, we did it," Emanuel, a former White House chief of staff under President Barack Obama, said, referring to failed efforts to increase the minimum wage at the federal and state levels.

Emanuel, a Democrat who faces nine challengers in the Feb. 24 election, also promoted a scholarship program that will provide free tuition in the city's community college system to public high school graduates with a 3.0 grade point average.

His first term drew national attention for what became the largest mass public school closing in U.S. history, and scandals involving a traffic ticket program that an investigation by the Chicago Tribune found was likely rigged to ensnare nearly 80,000 drivers. He has refused to refund $7.7 million the program collected during that period.

The audience of about 250 people included local aldermen, state officials, U.S. Representative Luis Gutierrez, and officials from a local plumbers union.

Outside the event, groups of protesters chanted and held signs that characterized Emanuel as a friend to Wall Street and an enemy of the middle class. Two men were dressed as dollar bills while one woman held a sign that said "Rich People 4 Rahm."

"He's squeezing money from working class families with the red light cameras, the parking fees. We're not taking this anymore," said Byron Sigcho, 31, a teacher.

In his speech, Emanuel characterized the middle class as "squeezed" and said economic growth was "not being shared equally." He said the solution was his minimum wage hike.

Zerlina Smith, 38, said the school closings show Emanuel has "de-invested in the black community."

© Reuters. Chicago Mayor Emanuel listens as U.S. President Obama talks about the economy, in Northwestern University in Evanston

Alderman Bob Fioretti, who is running against Emanuel, said in a statement that the mayor's policies "have created two Chicagos and no amount of campaign cash or TV ads can change that fact."

(Editing by Frank McGurty and Paul Simao)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.