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MICH. GOV SNYDER TO ANNOUNCE STATE TAKEOVER OF DETROIT
ZeroHedge ^ | 2/28/2013 | Tyler Durden

Posted on 02/28/2013 1:26:28 PM PST by taildragger

Usually, when the administration needs a distraction from just how broke and insolvent in reality the country is, it sends the stock market soaring higher. As such it is beyond ironic that as the S&P is set to hit an all time high, Detroit - that shining symbol of the Obama administration's bailout of General Motors - effectively goes broke.

MICH. GOV SNYDER TO ANNOUNCE STATE TAKEOVER OF DETROIT

More:

Detroit Mayor Dave Bing says Governor Rick Snyder will announce a state takeover on Friday

Detroit Mayor Dave Bing says Michigan Governor Rick Snyder will announce a state takeover of the city of Detroit on Friday.

Bing says the governor told him his decision during a phone conversation this morning. Bing was talking with reporters following a speech before the Detroit Regional Chamber at the MotorCity Casino.

The city will have 10 days to appeal the decision to the governor.

7 Action News has teams working the story to get more details.

If only Detroit had gone all in the stock market when Bernanke made it his life's crusade to take the Dow to 36,000 and blow up everyone else, trying...


TOPICS: Business/Economy; Government; US: Michigan
KEYWORDS: detroit; financialmanager; michigan
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1 posted on 02/28/2013 1:26:34 PM PST by taildragger
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To: taildragger

This story broke here in the local Media around 3:00pm EST today via a Dave Bing Statement. Check the Verboten Detroit Newspapers that we can’t post about here in FR....


2 posted on 02/28/2013 1:27:54 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: taildragger

Good luck with that! That’s a very messy tar-baby to grab hold of.....


3 posted on 02/28/2013 1:29:09 PM PST by expat2
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To: taildragger

The truth is, even of FR you cannot have an honest conversation about why Detroit was doomed to fail.


4 posted on 02/28/2013 1:32:06 PM PST by kreitzer
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To: taildragger

http://www.wxyz.com/dpp/news/region/detroit/detroit-mayor-dave-bing-says-governor-rick-snyder-will-announce-a-state-takeover-on-friday


5 posted on 02/28/2013 1:32:30 PM PST by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse)
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To: expat2

Tar Baby? Where’s that little kid in the yellow shirt?


6 posted on 02/28/2013 1:32:37 PM PST by beelzepug (Telling other people they need to die is a good way to get your own lamp blown out.)
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To: taildragger

Bring in the bulldozers!


7 posted on 02/28/2013 1:34:39 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: kreitzer

Why would citing Detroit’s commie owned and operated news media help in any sort of debate.


8 posted on 02/28/2013 1:34:44 PM PST by muawiyah
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To: taildragger

Replace anyone that controls money should be at the top of his list. More cops on the street.


9 posted on 02/28/2013 1:35:37 PM PST by MomwithHope (Buy and read Ameritopia by Mark Levin!)
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To: taildragger

Detroit: I'd Buy That for a Dollar.

10 posted on 02/28/2013 1:35:49 PM PST by martin_fierro (< |:)~)
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To: taildragger

I’d make them secede and join New York State, or Ontario.


11 posted on 02/28/2013 1:36:20 PM PST by Paladin2
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To: taildragger

Bulldoze the works and build a mountain out of the rubble. Might get some good skiing out of it in the wintertime.


12 posted on 02/28/2013 1:36:53 PM PST by ScottinVA (Gun control: Steady firm grip, target within sights, squeeze the trigger slowly...)
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To: taildragger

Is this story from The Onion?

If so, it is very good.

If not, then we truly have entered the nightmare of our worst imaginings.

Build a fence around that beleaguered and tormented locality, and patrol it with drones, treating the city limits at a frontier to a foreign country.

Because that is what Detroit has become.


13 posted on 02/28/2013 1:38:56 PM PST by alloysteel (What is all too obvious, is not obvious to all. Until it is too late to reverse course.)
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To: ScottinVA

Already been done long ago - Mt. Trashmore.


14 posted on 02/28/2013 1:40:38 PM PST by shove_it (Long ago Huxley, Orwell and Rand warned us about 0banana's USA.)
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To: taildragger

Detroit is such a burned out, broken down Hellhole that I’m not sure what can bring it back. Perhaps spending $20 or $30 million to plow over a big chunk of it isn’t such a bad idea.


15 posted on 02/28/2013 1:41:26 PM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: taildragger

Detroit: Liberalism’s Hiroshima


16 posted on 02/28/2013 1:42:00 PM PST by SpaceBar
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To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
Best thing to happen to Detroit in a long time. Its gonna take a republican to fix that mess.

Image Hosted by ImageShack.us

Weekly/biweekly Michigan legislative action thread
17 posted on 02/28/2013 1:42:39 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger

Which is better for a riot Joe, a double barrel shotgun, or a scary semi auto rifle?


18 posted on 02/28/2013 1:43:21 PM PST by Vince Ferrer
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To: alloysteel

Coming soon to a theater near you...

ESCAPE FROM DETROIT.


19 posted on 02/28/2013 1:44:50 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: muawiyah; kreitzer
Why would citing Detroit’s commie owned and operated news media help in any sort of debate.

Maybe it's due to ignorant comments like this........

"Bulldoze the works and build a mountain out of the rubble. Might get some good skiing out of it in the wintertime.

Kinda like trying to discuss conservatism over at DU.....

20 posted on 02/28/2013 1:45:37 PM PST by Hot Tabasco (God bless you Tommy and thank you for your service: http://swiftboats.org/tribute/tribute.html)
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To: taildragger

Now the entire state gets to throw money down the Detroit rat hole.


21 posted on 02/28/2013 1:45:47 PM PST by Blood of Tyrants (There is no requirement to show need in order to exercise your rights.)
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To: taildragger

If they bulldoze Detroit, how are we going to get those pimp-mobiles that are “imported from Detroit”?


22 posted on 02/28/2013 1:46:52 PM PST by RetiredTexasVet (Leveling the playing field for a Progressive is dragging everyone down to their level.)
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To: Vince Ferrer

Both!


23 posted on 02/28/2013 1:47:27 PM PST by VRWCarea51
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To: MomwithHope

There has been some big private money buying up the riverfront because they saw this coming. Its the second busiest freight crossing in the country and cutting out the middlemen on the city council is going to make a huge difference.

Business on both sides of the border have been driving toward this point for a long time.


24 posted on 02/28/2013 1:51:00 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: kreitzer

No place is doomed to fail, unless you live in the shadow of an active volcano or something like that.

Detroit has multiple issues that they have failed to address, resulting in their failure. Some of them like the outsourcing of manufacturing jobs overseas are a national issue that cannot be addressed at Detroit’s level. Others like family, values and character issues, can be addressed at the local level, but it would be more effective if the state and national levels were on board too.

The failure to keep taxes affordable in the midst of a declining economy has accelerated their decline.

And I don’t see any reason you can’t have an honest discussion about Detroit issues on FR.


25 posted on 02/28/2013 1:51:37 PM PST by DannyTN
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To: taildragger

Nuke it from space.


26 posted on 02/28/2013 1:52:14 PM PST by Third Person (Do the Strandski!)
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To: taildragger

OK. Then all the city workers get a pink slip and they rehire 30% of them.


27 posted on 02/28/2013 1:52:19 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: taildragger

Where are the usual suspects running their yappers about starting a war on whitey? Just a few weeks ago I read about some slack jawed lame brained black democratic mobster promising a “civil war” if Snyder did this, whatever.


28 posted on 02/28/2013 1:52:49 PM PST by junta ("Peace is a racket", testimony from crime boss Barrack Hussein Obama.)
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To: tet68

Kurt Russell is getting too old to play the lead in a remake of “Escape from New York”, only moving the locale from New York to Destroyed.

But wasn’t the locale used in the “Robocop” series? The State of Michigan is going to move in and build “Delta City”.


29 posted on 02/28/2013 1:53:45 PM PST by alloysteel (What is all too obvious, is not obvious to all. Until it is too late to reverse course.)
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To: Blood of Tyrants

We’ve been throwing money at Detroit for 50 years. Now we have control over how its spent.


30 posted on 02/28/2013 1:54:17 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger
Why not just fence it off and let it rot?

Bulldoze it after a few decades. Hard to believe the cesspool is worth $.02 of taxpayer money until then.

Smell like someone is looking for some of Obunga's stash to help out......

31 posted on 02/28/2013 1:54:35 PM PST by doorgunner69
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To: beelzepug
Okay.


32 posted on 02/28/2013 1:55:36 PM PST by Elderberry (.)
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To: kreitzer

why no longer matters.

Detroit has fallen.

Detroit is done. (put fork in it done)

call it the lost city.

call bankrupt

call it a former city

none of that matters.

there is no money in detroit.
the bond holders are going to recieve a serious haircut or they are going to recieve some serious amount of land.


33 posted on 02/28/2013 1:58:25 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: taildragger

US OUT OF DETROIT, NOW!!!!

Too many people have already died.


34 posted on 02/28/2013 1:59:48 PM PST by dangus
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To: DannyTN

Unions, Taxes, Social Programs, Unchecked Immigration, Trade Policies, Crazy Regulations, Liberalism in General...

Take your multiple pick from these mutiple choices and it pretty much sums up WHY Detroit is the way it is...


35 posted on 02/28/2013 2:01:08 PM PST by GraceG
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To: 1rudeboy

This may be of interest to you. I know you’re more aware of the good things going on in the background.


36 posted on 02/28/2013 2:02:55 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: All

The equivilent would be someone giving you the deed to a rental unit that has been taken over by crack heads. Everything riped out of the walls, wire, pipes and fixtures leaving only drywall on the floors and exposed studs of the walls. The ceiling caved in and the foundation crumbling.
Why would you want it?

I don’t want to pay anymore of my tax dollars to that hell hole. What are You thinking Snyder?


37 posted on 02/28/2013 2:02:55 PM PST by VRWCarea51
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To: Blood of Tyrants

If the state comptroller is given absolute power to override every decision as to where the money gets spent, this will be a good move. Maybe the citizens of Detroit will finally get some service for their tax dollars.

It will probably take a decade for things to improve measurably.


38 posted on 02/28/2013 2:05:14 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: kreitzer

...you mean because basically Detroit has a Third World population that is incapable of governing themselves? You can still write that here; just be circumspect about the language you use.


39 posted on 02/28/2013 2:17:12 PM PST by MSF BU (n)
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To: Jonty30

A lot of big money has stepped up and said they will rebuild Detroit if the don’t have to deal with the criminal council. After all, we recently saw a billion dollar offer for Belle Isle. Government might waste that kind of money but private investors don’t risk it without a fairly good chance of success.


40 posted on 02/28/2013 2:17:26 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: VRWCarea51
Right now Detroit is throwing state and federal money down a hole. What this allows them to do is void all city contracts, especially union contracts, and renegotiate. Plus he can remove the corrupt and appoint city managers that can get finances under control.

If you thought the previous union battle was vicious, get ready for this one. The governor is about to cut off a very large money spigot to the democrats. I expect riots.

41 posted on 02/28/2013 2:19:09 PM PST by Vince Ferrer
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To: taildragger

A week or so ago....the mayor was trying to warn the gov that there could be 1968 like riots in the event of a state take over. There is nothing left to burn down there, and if they decide to come to the suburbs......it will get very ugly/bloody.


42 posted on 02/28/2013 2:20:18 PM PST by Nekman (A vote made for Obama......is a vote made By a MORON!)
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To: longtermmemmory

If Dresden and Hiroshima can be rebuilt, so can Detroit. It might be a good idea to populate the area with Germans or Japanese though if you expect to get any work done. Perhaps sell Belle Isle to the Taiwanese or Koreans?


43 posted on 02/28/2013 2:27:30 PM PST by MSF BU (n)
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To: MomwithHope

Since Chicago is already gone, why not try to relocate as much of the population from Detroit to Chicago as possible. How many hundred thousand would need to move before Michigan became competitive politcally again?


44 posted on 02/28/2013 2:31:08 PM PST by MSF BU (n)
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To: cripplecreek
Panic in Detroit

 photo Panic.jpg

45 posted on 02/28/2013 2:32:20 PM PST by twistedwrench
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To: taildragger

I’d say it has two great potentials:

1. Thunderdome/Escape From New York it.

2. Nuke it from orbit.


46 posted on 02/28/2013 2:40:58 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Vince Ferrer

maybe but given their serious decline in population it’s a better time to have them now, than before.


47 posted on 02/28/2013 2:42:51 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: alloysteel

yeah, it was but in name only. someone posted to me last week the first movie used dallas. probably not for every shot but for many location shots.


48 posted on 02/28/2013 2:44:48 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: RetiredTexasVet

they’d still be third world, bulldozed or not. it could still work.


49 posted on 02/28/2013 2:45:56 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: tet68

Better to fence it in!.................


50 posted on 02/28/2013 2:45:56 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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