Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The managed bankruptcy of GM and Chrysler: A model for the assault on Detroit
World Socialist Web Site ^ | March 19, 2013 | Jerry White

Posted on 03/19/2013 3:31:15 AM PDT by RedBallJet

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-24 next last
Rick Snyder for President!
1 posted on 03/19/2013 3:31:15 AM PDT by RedBallJet
[ Post Reply | Private Reply | View Replies]

To: RedBallJet
The World Socialist Web Site?

Like the auto workers, the city’s public sector workers and residents will be forced to sacrifice their jobs, pensions and the needs of their families to pay for a financial crisis they did not create.

Sure, those poor unfortunate municipal workers and UAW workers at Chrysler and GM) didn't create this mess. Their unions did. The political party that their unions installed in power and kept in power did.

2 posted on 03/19/2013 4:00:05 AM PDT by Bryan
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet

Detroit needs to be flushed down the toilet. Union thugs have destroyed the auto industry, just like the German workers socialist party union destroyed Germany. If there was ever a law in need, it is one banning unions from their extortion racket of forced membership.


3 posted on 03/19/2013 4:02:27 AM PDT by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet

I prefer we just nuke Detroit from orbit.


4 posted on 03/19/2013 4:03:34 AM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet

Amazing how someone can be 100% wrong and yet make it sound good to low info people. Everything in this article falls apart on slight examination.


5 posted on 03/19/2013 4:06:37 AM PDT by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet

“After the 2009 restructuring, the auto companies have been raking in record profits—$11 billion alone last year alone—enabling Wall Street investors and auto execs to make a killing, including Ford’s Alan Mulally, who pocketed $21 million last year.”

Does that line of complete BS never get old?

Let’s see, Ford got how much of a bailout - oh that’s right - none.

They’ve made how much profit since he took over? Oh that’s right, several hundred times Mulally’s salary.

And of course, the critics on this subject aren’t biased at all in their criticism based on which political party people donate to?

That’s why their were no basketball, football, or baseball players on losing teams that made $21 million last year.

There were no movie stars that made bomb movies last year that also made $21 million last year.

And there were no useful idiot/liberals that made $21 million dollars last year (Glooomberg, the Clintoons, etc)

Criticism of salary has ENTIRELY to do with where your money goes in the political spectrum, and NOTHING to do with reality.


6 posted on 03/19/2013 4:11:22 AM PDT by I cannot think of a name
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet
Like the auto workers, the city’s public sector workers and residents will be forced to sacrifice their jobs, pensions and the needs of their families to pay for a financial crisis they did not create.

Hores Hocky! The people DID do this by continually electing people that would do NOTHING. Zero simpathy here.

7 posted on 03/19/2013 4:14:33 AM PDT by Freeport (The proper application of high explosives will remove all obstacles.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet

The scary part is that the “tough decisions” are being made by one of their own, not by a conservative.

When you see the socialists start splitting, you know violence is soon to follow....mostly against their own who speak out against those in power.


8 posted on 03/19/2013 4:23:28 AM PDT by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet
Yep, the “World Socialist Web Site”

No mention of Barf Alert or any other purgative disclaimer of source.

RedBallJet
Since Feb 23, 2013

OK, we will see how long this lasts.

9 posted on 03/19/2013 4:26:11 AM PDT by Texas Fossil
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet
Welcome to FR, you SOCIALIST TROLL!

Now get you worthless butt back to Hell where it belongs!

10 posted on 03/19/2013 4:38:35 AM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Neoliberalnot

>>Detroit needs to be flushed down the toilet. <<

It has already happened.


11 posted on 03/19/2013 4:46:55 AM PDT by freedumb2003 (Establishment Republicans don't like that totalitarian thing unless it is THEIR totalitarian thing!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Freeport

I have no sympathy for these people. They weren’t crying about when Big Zero robbed the GM of it’s pensions and gave it to the UAW. phock ‘em... it’s called Karma.


12 posted on 03/19/2013 4:48:48 AM PDT by strange1 ("Show the enemy harm so he shall not advance" Sun Tzu The Art of War)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
Think I'll take a pass on Rick Snyder for president.

Fiscal issues are the least of Detroit's problems and are the easiest to solve. Wait till the bill comes due in Chicago or LA and then we'll see a fiscal disaster. The real issues of Detroit are foundational (Family faith etc).

Image Hosted by ImageShack.us

Weekly/biweekly Michigan legislative action thread
13 posted on 03/19/2013 4:51:17 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Redleg Duke
?????

Maybe he didn't follow our tradition of adding a "barf alert" to announce in the headline that he disagrees with the premise of the article, he did follow up with " Rick Snyder for President! ". Also his other posts look good.

Hold your fire unless you have more evidence that he is a socialist troll.

14 posted on 03/19/2013 4:51:29 AM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: RedBallJet

Another lesson learned in “Economics 101: There Ain’t No Such Thing As A Free Lunch”

Sweet.


15 posted on 03/19/2013 5:00:45 AM PDT by moovova
[ Post Reply | Private Reply | To 1 | View Replies]

To: RedBallJet

Question: What is wrong with Detroit?

Answer: 15 Billion in liabilities. Divide 15 Billion by 700,000 people and get the amount of debt each resident owes to the city.

Conclusion: Now you now why Detroit is in financial trouble.


16 posted on 03/19/2013 5:05:21 AM PDT by fatboy (This protestant will have no part in the ecumenical movement)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bryan

Right on target, Bryan.

“Sure, those poor unfortunate municipal workers and UAW workers at Chrysler and GM) didn’t create this mess. Their unions did. The political party that their unions installed in power and kept in power did.”

I know I’m preaching to the choir here, but the article reminds me of something I read a while back that shed some light for me on how Rome went from a Free Republic to a dictatorship:

http://www.nationalreview.com/articles/288949/rome-redux-michael-auslin

The more things change, I guess...


17 posted on 03/19/2013 5:47:43 AM PDT by Unc1e_Ivan (People sleep peaceably at night only because rough men stand ready to do violence on their behalf.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RedBallJet

“the city’s public sector workers and residents will be forced to sacrifice their jobs, pensions and the needs of their families to pay for a financial crisis they did not create.”

“Detroit is burdened with unsustainable legacy costs, i.e., the pensions and health care benefits owed to tens of thousands of retired municipal workers and their families.”

LOL. Contradicts itself in first two paras.


18 posted on 03/19/2013 5:49:36 AM PDT by fruser1
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bryan

Like the auto workers, the city’s public sector workers and residents will be forced to sacrifice their jobs, pensions and the needs of their families to pay for a financial crisis they did not create.


I fully agree with you. These parasites sucked on the government and union teat until it ran out of liberal milk.

The people (animals) of Detroit are reaping the rewards of Socialism and Fascist rule. They pooped a huge pile in the street, now let them lay in it.


19 posted on 03/19/2013 6:04:20 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RedBallJet

Maybe Detroit should seize 10% of everyone’s bank account that lives in the city for starters. . ?
Its gotta start somewhere.


20 posted on 03/19/2013 6:54:53 AM PDT by ßuddaßudd (>> F U B O << "What the hell kind of country is this if I can only hate a man if he's white?")
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-24 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson