President Hu caught stealing corporate IP
When he was back in his chair, never worse for wear, we asked him point blank what he thought of our city. Through a Spend Matters-provided interpreter, Hu was surprisingly eloquent and held forth on the following topics:
Chicago parking meter outsourcing: "That parking meter contract. We can make a cheaper price. We'll bring new meters and labor to manage to provide tickets. No need to pay the meter minders much. They negotiate with those they ticket, on top of ticketing. Works at home. Tell Party-member Daley to ring us up on this. We'll make a deal -- payable in RMB. Better investment for the city than the dollar."
President Hu takes the hot seat Spend Matters/MetalMiner HQ
On Midway privatization: "This contract is in bag for China SOE (state owned enterprise). China can run airports better than Americans. We have no lines, just pushing. That's the way it should be. No security problems, either. Terrorists shot on the spot. We also make good deals in aircraft. Soon as we learn (winking) from Boeing, we'll bring Chinese airplanes to Midway."
On Chinatown: "Good to catch up on Fal*n G*ng reading at the newsstand. I cannot find it at home."
On "The Bean" in Millennium Park: "Never thought looking at my face would be so fun. Underneath it looked like I was looking into a toilet."
President Hu at Millennium Park -- self-portrait taken at "The Bean"
Hu also expounded on other deals between Chicago and China – some of which were not announced to the general media.
Daley helped Chicago's trade deficit with Beijing by inking a $20 billion deal to export the city's most valuable commodity to Chinese cities and villages alike: Garrett's Popcorn. Caramel popcorn will account for roughly half the total export order, while a caramel-cheese mix -- which Hu delighted in on a quick jaunt to Navy Pier -- accounts for the other half.
Daley also laid the groundwork for making sure Hu would have no trouble in making repeated visits, the Chinese president said.
"He told me he would bulldoze Northerly Island Park in the middle of the night to make a private jetway for me. He said the city won't mind," Hu told us. "So -- see you soon!"
- The Spend Matters / MetalMiner team