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Detroit Files Chapter 9

Shouldn't moving forward..and the redistribution of wealth not allowed this to happen?! Way to go Detriot! That's what you get for voting democrat 50 something years...
 
Bailouts sure can be thought provoking !

El-CHIMPO + Dirty D I C K....bailout BANKS, and certain regulars here on the cooler don't say SH!T !

B O..bails out GM / Crysler..and those same "silent ones" are all over his case ?????????????

So yea, this DTW thing will be interesting for sure !
Could have swore BaRack voted in "FAVOR" of the "Bank Bailouts"! Why not mention him.................Bigot ?


'Sen. John McCain and Sen. Barack Obama, his Democratic rival, both left the campaign trail Wednesday and returned to Washington to vote on the historic $700 billion bailout. Both voted for the bill.

Obama used the opportunity before his colleagues and TV cameras to lay out his rationale and explain his economic vision.
Obama urged any lawmakers on the fence to "step up to the plate."

http://askville.amazon.com/Barack-Obama-vote-favor-proposed-bailout-package/AnswerViewer.do?requestId=17245848
 
Could have swore BaRack voted in "FAVOR" of the "Bank Bailouts"! Why not mention him.................Bigot ?


'Sen. John McCain and Sen. Barack Obama, his Democratic rival, both left the campaign trail Wednesday and returned to Washington to vote on the historic $700 billion bailout. Both voted for the bill.

Obama used the opportunity before his colleagues and TV cameras to lay out his rationale and explain his economic vision.
Obama urged any lawmakers on the fence to "step up to the plate."

http://askville.amaz...uestId=17245848

The best thing about this whole Detroit thing (Population decrease) is that a TON of the DTW folks are heading back down south from whence they came, ............to Georgia/Atlanta !!


And finally, ....if you want to know the origin of why folks FLED the south, to originate the Great Northern migration ask yourself, what prompted a people, who NEVER saw....Ice/snow/cold in thier lives to go North (to cities like DTW/ORD) ?
S L A V E R Y !!
 
Detroit is going ahead with plans to spend over $400 million in public funds on a new hockey arena for the Detroit Red Wings!
Pick a position.

"Most of the tax money going into the project would otherwise be going into Detroit schools, which are also under state control due to their dire finances. But the lost money is slated to be made up for by the state government according to Michigan's school-funding formula.
"The schools won't lose a dollar," said Robert Rossbach, spokesman for the Detroit Economic Growth Corp., the non-profit agency overseeing the project. "It was designed to have minimal impact on city of Detroit operations."
Mark Rosentraub, a University of Michigan professor and an expert on the economic impact of sports teams, did a study for the arena developers, and estimates that it would create more than $1 billion of direct spending in Detroit during the next 30 years. He said many stadium and arena projects have minimal impact on local economies because they're already thriving or because of poor location."

I guess you are fighting for the money going to support the failing schools. How liberal democrat of you.


 
Pick a position.

"Most of the tax money going into the project would otherwise be going into Detroit schools, which are also under state control due to their dire finances. But the lost money is slated to be made up for by the state government according to Michigan's school-funding formula.
"The schools won't lose a dollar," said Robert Rossbach, spokesman for the Detroit Economic Growth Corp., the non-profit agency overseeing the project. "It was designed to have minimal impact on city of Detroit operations."
Mark Rosentraub, a University of Michigan professor and an expert on the economic impact of sports teams, did a study for the arena developers, and estimates that it would create more than $1 billion of direct spending in Detroit during the next 30 years. He said many stadium and arena projects have minimal impact on local economies because they're already thriving or because of poor location."

I guess you are fighting for the money going to support the failing schools. How liberal democrat of you.
This kind of corporate welfare for powerful business interests is exactly the sort of wasteful crony capitalism that played a major role in Detroit's decline in the first place! If you’ve dug yourself into a deep hole, you’re unlikely to get out by digging even deeper.
 
People don't get it. Our GDP continues to fall or gain little, because manufacturing jobs are leaving. At one time cities formed a symbiotic relationship with manufacturers, because their taxes would offset the non-profit properties. Now most cities are left with too many non-profit properties that although they try not to raise taxes, they must. And they must find other forms off income flow. Add to that the Federal aid that isn't what it use to be, and the State aid that isn't what it use to be, well you better find a source of income to create jobs and rebuild the infrastructure. Buffalo went BK a few years back and the State took over all operations.

I'm willing to bet that most people who work in Detroit, don't live in Detroit. That is yet another hit to the money situation. Detroit should be a wake up call, because the city isn't shutting down for business and someone has to bail them out. Don't think you're immune.
 
The key point in your statement is that they were reliant on external aid...

Manufacturing jobs are leaving Michigan, but not necessarily leaving the US.

They're going to the business friendly Reb States, who are also winning back some work previously thought lost forever to China and Mexico....
 
The key point in your statement is that they were reliant on external aid...

Manufacturing jobs are leaving Michigan, but not necessarily leaving the US.

They're going to the business friendly Reb States, who are also winning back some work previously thought lost forever to China and Mexico....

Yeah,.........thats because the Red State wages...are close to the wages in China/Mexico ! ! !
"CAPITALISTS / (CAPITALISM at any COST) "...L O V E S ..the 2 CLASS system.
Those F'n morons,.......in the lower class, who keep voting republican, just haven't figured that out yet !
 

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