Skip to comments.Detroit emergency manager files bankruptcy (AP Breaking)
Posted on 07/18/2013 1:27:38 PM PDT by tcrlaf
click here to read article
Corrupt left wing government that emerged from the racial conflict of the 1960’s punctuated by the riots of 1967.
That white flight, plus extreme mismanagement of city finances, is why we've reached this point today, sad to say.
That was part of the deal. They’d get Obama re-elected and he’d make sure they all got Federal bailouts in his second term.
Once he had rolled the Republicans on the sequester and got a big tax increase and open-to-spend. But that didn’t happen, so now they’re improvising.
The riots were just the beginning.
When Coleman Young became Mayor he said something wacky and just a bit frightening every other day that sent a thousand more white families fleeing towards 8 Mile.
Here is my problem, I don’t want the citizens to get set up in our cities and bring their stupidity to us. They should have to stay there.
“Take a few billion dollars. Invest in green energy. Pretty soon that billion dollar investment will be worth a million dollars.”
Reminds me of a joke a commercial airline pilot friend tells: “Airline pilots are great at investing. They just keep investing until it’s all gone.”
“Even Detroit wont take the son & daughter....”
Here I was all this time thinking that it was just me that can’t stand those two.
That is the theater in what used to be the headquarters of United Artists.
It WAS beautiful.
Foot in mouth.....hows that looking now there Joe.
Biden (VP Debate 2012): Romney Would Have “Let Detroit Go Bankrupt”
White House says Obama and his senior team continue to closely monitor Detroit bankruptcy......
and yet will do nothing but try and score political points...you lost already.
If I had that son and daughter, I would fire both of them.
Will FEMA be involved, at some point in time? Just wondering, where this well-staged opus will travel...perhaps, as an introduction, of a federal purpose.
Democrats will report this as a success.
“this is wonderful” with the creepy smile of angela corey.
Obama can’t GM this.
“what is that theatre? It looks like it was beautiful at one time.”
Most of Detroit was beautiful until Rat politics consumed it from within
Example of why Municipal Bonds aren’t attractive anymore.
“Then states like California and New York. But it is all going to fall. Math has no mercy.”
Throw NJ in there, too (for the same reasons). Americans and the companies that employ them are fleeing in droves, leaving behind the permanent underclass, immigrants (legal & otherwise), and the public employees required to “administer” them (even though many of them have already lost their jobs).
My children commented on how much damage still exists along the Jersey shore from Sandy; I told them there weren’t enough people with reasons to fix it. Who wants to invest in parks/beaches just to show up and be the only taxpayer there?
There is a very interesting article in the Wall Street Journal today (page A5). It says Kevyn Orr, the Detroit emergency manager, went to VALERIE JARRETT to ask for a government bailout, and was told no by Jarrett.
It really shines a light on who is making decisions in the White House.
Scary. Obama is a teleprompter reader and nothing more. An empty suit.
Agree about Obama. I’ve been convinced for sometime now that he makes no decisions. He reads what they tell him to read. He does what they say and in exchange, he and his wife get to “live the dream” for 8 years. That’s it.
“If I had that son and daughter, I would fire both of them.”
You know the old saying about not being able to pick your relatives...
But you can still pick the ones you want fired : )
“But you can still pick the ones you want fired : )”
OK you win!
“Detroit and other big cities will crash first.
Then states like California and New York.
But it is all going to fall. Math has no mercy.”
Very perceptive. You just can’t “unspend” money. Cities can’t print money like FedGov. States can’t print money like FedGov. FedGov is bankrupt, just like Detroit, only much, much, much worse. It is a house of cards. Using printed money to buy your own debt is like looking for a gas leak with a match. It never has a good ending.
wow, talk about someone screwing the city out of money....wonder who gets that money.....
It costs Detroit $62 in admin costs for every paycheck if cuts. That’s 3.5x the average for govt, 4x the avg employer.
How many years do we have before Obama's damage turns us into Detroit....
Conyer's, Stabenow, Levin, and Kawame's Mommy ( even though she is retired ) are quiet for now, what did they get to shut them up, what taste of the uptake from this do they get. Yes I am that cynical....
Burn if to the ground.
Whatever dems touch turn to sh%
Unions,corruption,and Rats bankrupting cities. This gravy train ran out of track long ago.
Well...our POTUS Jarrett isn't a dummy...considering Detroit is probably the first of a long list of cities going belly up...
Every democrat city would have their hand out...
Can't have cities rioting because our first white / African president can't blame Bush for not bailing them out..
The Hollywood movie star liberals who are embarrassed to be American citizens need to move to Detroit and get taxed to death to fix the problem.
you are being too kind..
lok up the slave reparations act for businesses in the city...
you will absolutely lose your mind..
What does that say about the idiots who voted (twice) for this man because they think he’s so smart.
Actually I know what I’m talking about.
I’m not real concerned with FR consensus opinions.
When the democrat cities, and states, all start going bankrupt and the federal government starts robbing from Peter (red states) to pay Paul (blue states), will Peter be sore enough to leave the union?
Texas has its own power grid.
It's that easy.
The Mayor and Emergency Manager are on local TV as I type this now...It maybe simulcast on the web
“To resurrect the old standard
Still Bushs fault”
“Of all the pawn/auction shows on TV. I think Les Gold is the sleaziest of them all”
I agree completely. There’s nobody in that family that I would want to be remotely associated with. Then again, there’s no way that I’d ever be running a pawn shop in Detroit even if it was near a casino.
I’m waiting for somebody to smack his punk ass son. Granted, the clientele leaves a lot to be desired, but the attitude... hell, I’d like to smack him.
I guess Margaret Thatcher was right after all.
If Obama had his own city, it would look like Detroit. Imagine if he had his own country...
Bets on the next one - Chicago? Philly?
If you know anyone who
fell for these Democrat lies, tell them “You got some ‘splainin to do!”.
On October 13, 2012, President Obama boasted to Americans in his weekly address that he refused to let Detroit go bankrupt.
[W]e refused to throw in the towel and do nothing, Obama said. We refused to let Detroit go bankrupt, I bet on American workers, and American ingenuity and three years later that bet is paying off in a big way.
America, here’s your future within a generation if you don’t wake the Hell up.
Funny thing is that at least two of the cars in that picture are built in Canada.
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