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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

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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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To: junta

well I am sure the governor there really, really doesn’t want to do this. Hell I wouldn’t want to clean up their mess. It’s a blot/blight on the rest of the state though and they just keep getting worse and worse and worse.


51 posted on 02/28/2013 2:47:13 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: beelzepug

Not apprpriate. It was just a large version of fly-paper, introduced by Uncle Remus, who would NEVER think what you are thinking! :>)


52 posted on 02/28/2013 2:48:19 PM PST by expat2
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To: expat2

Amen to that.

The only way to save Detroit is to cure the biological catastrophe.

53 posted on 02/28/2013 2:50:09 PM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: Secret Agent Man

Pull down all the walls, rip up the earth, and seed it with rock salt.

Detroit delenda est. Much like the once great city Carthage that was a rival to the Roman Empire.


54 posted on 02/28/2013 2:53:41 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: taildragger
‪Hastily made Detroit Tourism Video‬
55 posted on 02/28/2013 2:54:01 PM PST by randita
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To: Third Person

Nuke what ? They already spent 55 years nuking themselves with the dual bombs of Stalinism and “Get Whitey.”


56 posted on 02/28/2013 3:00:25 PM PST by fieldmarshaldj (Resist We Much)
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To: MSF BU

Maybe with Detroit emptied out we here in west Michigan would look forward to elections again.


57 posted on 02/28/2013 3:07:53 PM PST by MomwithHope (Buy and read Ameritopia by Mark Levin!)
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To: Vince Ferrer; All
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.

As I understand the Emergency Financial Manager Law, this person has 18 months to work a miracle. I don't know his or hers scope of power, but perhaps they need to hire quite a number of individuals each to take a department and re-engineer them and or shut them down.

Case in point, the Water Dept is a Profit Center that supplies the burbs with Water, but it is horribly run.

How do they spin off the Electrical Grid they run, their Mass Transit that is always in the red, not to mention "The People Mover". The list goes on and on...

As a side note, in terms of rabble-rowsers going their to cause trouble, I think the Rev. Jacksonnnnnn ( Buckley pronuciation ) is pre-occupied with his Son who is now or soon to be a felon and the other Rev is doing a TV show if my memory is correct. 2 small miracles for Gov. Snyder to say the least....

58 posted on 02/28/2013 3:14:02 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Vince Ferrer

That sucks, spring walleye fishing is just around the corner. Some of the best is right out in front of the Joe. Suppose turret mounted 50 cal. Is an option. ;)


59 posted on 02/28/2013 3:17:21 PM PST by VRWCarea51
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To: Opinionated Blowhard

I last visited Detroit in 1979 when I had some business with GM. It was a hell hole then of sullen street thugs glaring at you because you were white. My hotel was like a set from “Blade Runner.” Filthy, noisy buses that appeared to be burning coal screeched and lumbered through the night in front of the hotel, making the windows in my room vibrate noisily. Everyone on the streets hurried along, eyes downcast, except for the thugs. I stopped at the luncheonette in the GM Building. One well-dressed middle-aged executive suddenly threw-down his menu, screamed at the waitress for not moving quickly enough, and stormed out, overturning his chair. It was like a bad dream. Taxis were adventures in abusive, dangerous drivers and high fees. Restaurants smelled bad. That was in 1979. I try to imagine how bad it is now and fail.


60 posted on 02/28/2013 3:19:10 PM PST by pabianice (washington, dc ..)
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To: kreitzer

the dems have owned that city forever.
let it be a shining example of their ‘leadership’

socialistic bs strapped to it sunk it to the bottom of the bay

same thing happens in every city/state/country socialistic crap exceeds some small amount


61 posted on 02/28/2013 3:28:15 PM PST by sten (fighting tyranny never goes out of style)
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To: cripplecreek

From this thread, don’t you feel the spirit that conquered the American West? LOL


62 posted on 02/28/2013 3:29:56 PM PST by 1rudeboy
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To: taildragger

So instead of going bankrupt, the state is going to pick up the tab?

That’ll teach ‘em.


63 posted on 02/28/2013 3:32:28 PM PST by St_Thomas_Aquinas
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To: taildragger

” . . .shining symbol of the Obama administration’s bailout of General Motors’. . . unsustainable UAW contractual retirement benefits obligations.


64 posted on 02/28/2013 3:32:48 PM PST by Elsiejay
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To: pabianice
That was in 1979. I try to imagine how bad it is now and fail.

Post the only competent mayor in 40 years ( Dennis Archer ) their is a number resturants run by leading edgers with some really good food. Archer did all the easy stuff of getting the Lions Back, and a new Tigers Stadium, the Fox redone, but a new rink for the Wings is still in the works. The point is on the surface downtown isn't bad, but their is an under-current of predators if you look, you could get rolled if you are not smart by being a tourist....

65 posted on 02/28/2013 3:34:20 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Blood of Tyrants

Nah, the state is going to make them get rid of half of the union gravy train. What they WANT is our money but that won’t happen. They already blew it by turning down $6 million the state offered to lease Belle Isle for 10 years and put it in the state park system. That was a huge bullet we dodged. (pun not intended)


66 posted on 02/28/2013 3:34:46 PM PST by FrdmLvr (culture, language, borders)
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To: taildragger

There’s something about Dave Bing that I REALLY LIKE. Maybe it was that he could shoot some serious hoop. Who knows. In any case, I think Detroit elected a decent person to be mayor (compared to Coleman Young) and perhaps Bing could wind up playing a critical role in getting that city on its feet...assuming the state takes it over. Without the takeover, ANY mayor of Detroit is totally handcuffed.


67 posted on 02/28/2013 3:36:28 PM PST by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: Elsiejay

GM and now Detwaa, the warning shots across our bow, i.e. the unsustainability of legacy cost programs, i.e. retirement, and retiree medical, ergo SSI, Medicare, Medicaid and now Obamacare.


68 posted on 02/28/2013 3:36:46 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: BobL
There’s something about Dave Bing that I REALLY LIKE. Maybe it was that he could shoot some serious hoop. Who knows. In any case, I think Detroit elected a decent person to be mayor (compared to Coleman Young) and perhaps Bing could wind up playing a critical role in getting that city on its feet...assuming the state takes it over. Without the takeover, ANY mayor of Detroit is totally handcuffed.

Bob, you are preaching to the choir, I'd trade him for Oboingo if I could wave a magic wand in a heart-beat, I really like this guy.

My Fireman Gnome from Detwaa who I haven't seen or talked to in a while says he is real deal and would come to the Fire-Houses to talk to the guys to get the real skinny. My Gnome is a Conservative with a BS detector, Bing passed his test, that is good enough for me.

69 posted on 02/28/2013 3:42:40 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: 1rudeboy

I see it as a chance for a spectacular GOP coup. There is a lot more going on here than meets the eye.


70 posted on 02/28/2013 3:47:21 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: tet68
"Coming soon to a theater near you... ESCAPE FROM DETROIT."

How about a new Mary Tyler Moore show with a young single woman moving to Detroit instead of Mpls? Bwwwaaahhhh!!!

71 posted on 02/28/2013 3:53:14 PM PST by Average Al
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To: taildragger
Mistake.

If I were in charge, I would just deed Detroit to Zimbabwe.

Same song, different verse.

72 posted on 02/28/2013 3:54:09 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: cripplecreek
I see it as a chance for a spectacular GOP coup. There is a lot more going on here than meets the eye.

Such as the following Emergency Manager(s) Candidate(s)?

Steve Forbes, Donald Trump or Rudy Guliani ????

Do I dare dream that big???

73 posted on 02/28/2013 3:55:24 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

The first thing Dave Bing did after being elected was go down to the city council and ask them “How the hell do you feel getting rich by picking the bones of your dead city”?

He then turned around and fired some 50 bus drivers who called an informal strike. He’s also had an ongoing fight with the unions because he doesn’t want union dues deducted from paychecks.

He’s a democrat no doubt but he’s not actively seeking to destroy the country.


74 posted on 02/28/2013 3:59:46 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Average Al

Right, she gets mugged and raped before she can unload
the car...


75 posted on 02/28/2013 4:06:30 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: cripplecreek
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.

There was a major supermarket that wanted to move into Detroit a few years back. After getting jerked around by the city council for five years they dropped the idea.

There was no doing business in Detroit unless you had a council person or three in your pocket.

76 posted on 02/28/2013 4:07:58 PM PST by Harmless Teddy Bear (Promotional Fee Paid for by "Ouchies" The Sharp, Prickly Toy You Bathe With!)
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To: taildragger

I knew Detroit was done when I saw pictures of closed schools with computers, school equipment and books wasting. I never knew why they did not put them to use instead of the schools being vandalized. I love to read and it made me sick to see all those books on the floors, broken windows which allowed rain to blow into the rooms. Why did they allow this? They could have given the stuff away if nothing else. There are people who would have loved getting these items.


77 posted on 02/28/2013 4:08:30 PM PST by MamaB
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To: taildragger
Steve Forbes, Donald Trump or Rudy Guliani ????

If I were Snyder, I'd be on the phone with all 3 for suggestions and help. There is already some big money buying up the riverfront and I wouldn't be shocked to see Trump and Forbes involved.

I think we'll be seeing a swarm of FBI raids and arrests of multiple city officials before this is done. Its the only way they can be rooted out.

They said RTW was a bridge too far and its going into effect next month.
78 posted on 02/28/2013 4:08:54 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger

That is a really HIGH STANDARD, so I’m glad Mayor Bing passed. We do have to hand it to the people in Detroit for voting for him...I just hope he’s “in the loop” to help fix the mess.


79 posted on 02/28/2013 4:12:22 PM PST by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: MSF BU
If Dresden and Hiroshima can be rebuilt, so can Detroit. It might be a good idea to populate the area with Germans or Japanese...

You got that right. That current populace is 85% useless to do anything except union feather bed for city jobs, sell drugs on the corner, or shoot up. Almost all the politicians should long ago have been thrown in the slammer.

Lagos, Nigeria, has better prospects than Detroit as currently inhabited and structured.

80 posted on 02/28/2013 4:15:46 PM PST by Gritty (The 2nd Amendment protects the right to shoot tyrants effectively, not deer-Judge A. Napolitano)
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To: MamaB
The whole city isn't like that. Its really a problem with select neighborhoods. There is still some big money in and around Detroit.

Image Hosted by ImageShack.us
81 posted on 02/28/2013 4:17:40 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: BobL
I just hope he’s “in the loop”

I personally think he is despite his protests.
82 posted on 02/28/2013 4:20:28 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Vince Ferrer
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.

Lay off all the "social service" people, and eliminate any welfare benefits to any resident of Detroit. Within a year, the parasites will have moved out to find new host municipalities, and Detroit would start recovery.

83 posted on 02/28/2013 4:25:18 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: Red Badger

Does this mean that the Mayor and councillors and unnecessary City staff all get the pink slip? Will Detroit employees become employees of the State of Michigan? Will Michigan State Troopers replace the Detroit Police Force/


84 posted on 02/28/2013 4:25:48 PM PST by littleharbour ("All men having power ought to be distrusted to a certain degree. ~ James Madison)
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To: BobL
There’s something about Dave Bing that I REALLY LIKE. Maybe it was that he could shoot some serious hoop. Who knows. In any case, I think Detroit elected a decent person to be mayor (compared to Coleman Young) and perhaps Bing could wind up playing a critical role in getting that city on its feet...assuming the state takes it over. Without the takeover, ANY mayor of Detroit is totally handcuffed.

I don't know Bing, but never heard anything bad about him during his time as mayor. I think Detroit was long past impossible to save before he was elected. He will have to lose his job now, I believe, but he can probably have some future role later.

85 posted on 02/28/2013 4:28:56 PM PST by Vince Ferrer
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To: tet68

She could buy a fixer upper for a buck to live in....


86 posted on 02/28/2013 4:36:46 PM PST by Average Al
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To: cripplecreek

This is sad and scary as this is the result of liberalism and we have this spreading across America. Let this be a lesson to all who read this, we MUST all hang together to stop the spread of liberalism at every opportunity. Never, never allow a Democrat be elected to anything if there’s a way to stop it.


87 posted on 02/28/2013 4:37:23 PM PST by Conservativegreatgrandma (The perfect is the enemy of the good..............Voltaire)
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To: cripplecreek
I think we'll be seeing a swarm of FBI raids and arrests of multiple city officials before this is done. Its the only way they can be rooted out.

Your lips to G_d's ears CC... Man I'd love to see more that Kawame and his Possi go to the slammer, if they are dirty.

88 posted on 02/28/2013 4:50:54 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Paladin2; Squawk 8888

LOL, make them join Ontario?


89 posted on 02/28/2013 4:54:41 PM PST by fanfan ("If Muslim kids were asked to go to church on Sunday and take Holy Communion there would be war.")
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To: fanfan

Yeah, it could be Windsor West.


90 posted on 02/28/2013 4:57:37 PM PST by Paladin2
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To: taildragger; All

Thanks for posting. Good luck Mayor Bing, Governor Snyder and the remaining great families, individuals and productive workers in Detroit. I hope Detroit has hit bottom after this announcement and the verdict on the greatest criminal in Michigan history.

http://www.freep.com/article/20130228/NEWS0102/130228089/kwame-kilpatrick-corruption-jury-deliberations


91 posted on 02/28/2013 5:01:40 PM PST by PGalt
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To: cripplecreek; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks cripplecreek.
92 posted on 02/28/2013 5:05:33 PM PST by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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To: Paladin2; Clive; exg; Alberta's Child; albertabound; AntiKev; backhoe; Byron_the_Aussie; ...
We'll have Windsor annex it on the proviso that the current inhabitants leave. We'll give them the Windsor Ballet in trade.

To all- please ping me to Canadian topics.

Canada Ping!

93 posted on 02/28/2013 5:09:09 PM PST by Squawk 8888 (True North- Strong Leader, Strong Dollar, Strong and Free!)
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To: cripplecreek

This is good news — please add me to your ping list.

Thanks.


94 posted on 02/28/2013 5:09:41 PM PST by OwenKellogg
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To: beelzepug
Tar Baby? Where’s that little kid in the yellow shirt?

I'm not offended. Compton High Tarbabe - class of '72.



95 posted on 02/28/2013 5:14:55 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: cripplecreek

I don’t care about the pretty areas. I want to know why they allowed that to happen at all. They could have collected the books, etc to move to other schools or had a day where people came to get stuff for free or a nominal fee. Just how much tax money was wasted. It seems politicians and teachers did not give a hoot. Leaders have to care about all areas, not a select part. There are poor schools all over the country so why did they allow all that waste? People up there should have been giving the leaders fits about all of that. Do you know what school desks sell for on the Internet? I do because I looked for some for my great granddaughters. I found one for less than $100 which I bought. Ok. Enough!!!


96 posted on 02/28/2013 5:16:57 PM PST by MamaB
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To: Squawk 8888

The International bridge is going to be a real boon to Detroit even if they’re too stupid to see it. Even the Daily show did a great slam on Detroit for fighting against the bridge.

http://www.detroitnews.com/article/20130110/ENT10/301100444


97 posted on 02/28/2013 5:16:57 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: MamaB
Leaders have to care about all areas, not a select part.

You might want to take a look around at your fellow FReepers who would be more than happy to see the whole city fall to dust.
98 posted on 02/28/2013 5:24:51 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger

With nothing more than a hunch, I think Detroit will be turned around, much to everybody’s (most everybody’s) surprise.

Every time I have read of a city manager coming in and voiding union contracts, et al, the city taken over has bounced back, amid the cries of doom and disaster of those who lost the gravy train. Because of Detroit’s location, if the gangs and takers are cleared out or subdued, I think it will rapidly move forward.

Note I said “IF”. Lotsa potential there in the right hands.


99 posted on 02/28/2013 5:55:55 PM PST by Oatka (This is America. Assimilate or evaporate.)
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Comment #100 Removed by Moderator


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