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(NBC News)   Detroit is edging closer to bankruptcy, only unlike the automakers, its chances of getting a federal bailout are almost nonexistent   (m.nbcnews.com) divider line 175
    More: Sad, Detroit, Cobo Center, credit ratings, Detroit Auto Show, General Motors Co., financial adviser, Maserati, rescues  
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1528 clicks; posted to Politics » on 29 Jan 2013 at 7:24 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-29 06:39:43 AM
Good. They're a microcosm of where the country is heading, but that doesn't mean we'll learn from it.
 
2013-01-29 07:02:57 AM
Look. If Detroit had one shot, one opportunity to seize everything they ever wanted in one moment, would they capture it, or just let it slip?
 
2013-01-29 07:27:03 AM

SnarfVader: Look. If Detroit had one shot, one opportunity to seize everything they ever wanted in one moment, would they capture it, or just let it slip?


25.media.tumblr.com
 
2013-01-29 07:31:35 AM
If the car companies had any sense of decency they would step in and rescue the city that nurtured them. Also it would make the place more attractive for talented people.
 
2013-01-29 07:37:28 AM
Good. There should never be any bailouts. Car companies, banks, cities, etc. Let bad ideas fail and let good ideas take their place. Detroit is run by bad ideas. The sooner it destroys itself, the better off this state and the people in it will be. Creative Destruction should not be stopped.

\Lives 20 minutes from Detroit
\\Works in and around Detroit
\\\The city is already dead, MI gov is just keeping the life support machines running
 
2013-01-29 07:39:16 AM
stonesdetroit.com
Well I'm packing up my game and I'm a head out west.
 
2013-01-29 07:40:34 AM
Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight.
 
2013-01-29 07:42:22 AM

Kibbler: Detroit is the emblem of half a century of pure Democrat control.modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight
.


FTFY
 
2013-01-29 07:43:31 AM

taurusowner: Good. There should never be any bailouts. Car companies, banks, cities, etc. Let bad ideas fail and let good ideas take their place. Detroit is run by bad ideas. The sooner it destroys itself, the better off this state and the people in it will be. Creative Destruction should not be stopped.

\Lives 20 minutes from Detroit
\\Works in and around Detroit
\\\The city is already dead, MI gov is just keeping the life support machines running


Please specify which ideas you belive to have been bad.
 
2013-01-29 07:44:29 AM
in detroit, all u gotta do is put on an anonymous mask and get a megaphone
and suddenly your a super star
 
2013-01-29 07:50:01 AM
Would anyone buy it for a dollar?
 
2013-01-29 07:50:40 AM
They should demand federal assistance to help them get over this slump, and they shouldn't techno for an answer.
 
2013-01-29 07:50:57 AM

Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight.


Corporations go wherever the laws are friendliest to them.
The difference between them and other kinds of business is they can buy the laws they want, where they want. So they bought themselves some cheap union free labor overseas and low tax rates inside the US.

/Detroit was too mired in corruption to quickly meet changing demands.
 
2013-01-29 07:53:12 AM

Philip Francis Queeg: Please specify which ideas you belive to have been bad.


Investing in god damnned krugerrands?

Accepting bribes for gubmint contracts?

Having Shrek as your city council leader?

/okay, maybe not the last one, but people from Michigan know what I'm talking about. Shrek! Show some respect! You might not do it at your house, but you gonna do it up in here!
 
2013-01-29 07:54:15 AM
Frustrated by the lack of concrete progress, Michigan Governor Rick Snyder, a Republican, last month appointed a team to scour the city's books. The audit could result in a state takeover of Detroit's finances through the appointment of an emergency financial manager. Such a manager, who would seize control of the city's checkbook, could then propose federal bankruptcy court as the best option.

The Detroit city council and mayor should pass a law saying that they will refuse to follow any law the state imposes that they feel is "unconstitutional", then use it to refuse to allow the state to takle over the city's finances. Not that it would do anything good, productive, or solve any problems; but it would be nice to see this sort of stuff used against Republicans since they are so fond of it. If Detroit is screwed no matter what, it's not like it would do anything bad that won't eventually happen anyway.
 
2013-01-29 07:56:49 AM
Kibbler: Detroit is the emblem of half a century of pure Democrat control

Ahh, America. Where even the chronically uninformed stand up to be counted.
 
2013-01-29 08:04:15 AM

taurusowner: Kibbler: Detroit is the emblem of half a century of pure Democrat, union, and minority control.


There. NOW it's fixed.

/when the 47% become the 83%.......
//rest of America soon to follow.
 
2013-01-29 08:04:26 AM

Barricaded Gunman: Kibbler: Detroit is the emblem of half a century of pure Democrat control

Ahh, America. Where even the chronically uninformed stand up to be counted.


Yep. The citizens of Detroit have stood up to be counted in favor of Democrat mayors and assorted city council members non-stop since 1962. Every mayor since then has been a Democrat. This is also "coincidentally" the same time frame that Detroit started going down the shiatter hardcore. They stood up and were counted as being in favor of "progressive" crooks like Young and Kwame, and the cesspool that Detroit has become is a direct result of that.
 
2013-01-29 08:06:53 AM

Kibbler: Everything is great until the corporations no longer need you.


Except of course the car industry desperately needs Detroit. If you don't cultivate a livable climate around your company you won't be able to attract the talent you need to keep your supply chains running.

The dumbass bankers with their focus on quarterly results and the class of vulture CEOs are destroying the car industry, and manufacturing in general in the US.

I worked with Taiwanese for years and in Tapiei, it really is no problem to find a guy who can set up a factory for you. Good luck finding an american who has the know how.And if you did find one, he wouldn't want to live in Detroit.
 
2013-01-29 08:10:24 AM
I know that this is a snarky headline, but the collapse of the US auto industry would have decimated our manufacturing sector, whereas the bankruptcy of the City of Detroit won't cause people nationwide to be laid off.

I know that most people have no clue just how many people and companies it takes to produce a single automobile, but I am a buyer for a company that makes Door Mirrors, Door Handles and Keys/Locks for cars, and I have over 100 suppliers that I purchase from - and they have their own supply chains beneath them. It takes thousands of suppliers to build a car- each with tens to hundreds of jobs.
 
2013-01-29 08:19:25 AM

ilambiquated: Kibbler: Everything is great until the corporations no longer need you.

Except of course the car industry desperately needs Detroit. If you don't cultivate a livable climate around your company you won't be able to attract the talent you need to keep your supply chains running.

The dumbass bankers with their focus on quarterly results and the class of vulture CEOs are destroying the car industry, and manufacturing in general in the US.

I worked with Taiwanese for years and in Tapiei, it really is no problem to find a guy who can set up a factory for you. Good luck finding an american who has the know how.And if you did find one, he wouldn't want to live in Detroit.


staying in Detroit does not save the companies any money on payroll. salaries of corporate jobs in Detroit are the same as NYC metro area, or higher in some cases.

VW moved its HQ to the DC suburbs, and GM has opened an IT office in Austin (hiring 500 people right now).
 
2013-01-29 08:19:37 AM
Whatever happened to that plan to shrink the city and condense it into a smaller geographical area? That seemed like a good, common-sense starting point to me considering the damn place is basically downtown and a few slums surrounded by a bunch of open fields dotted with abandoned houses.

/ let me guess... the residents threw a fit because god forbid they should have to be any part of the solution to their city's problems....
 
2013-01-29 08:20:10 AM
You mean "get whitey" isn't a workable strategy? Unpossible.
 
2013-01-29 08:20:52 AM
Must be because Democraps control Detroit
 
2013-01-29 08:24:16 AM

ilambiquated: If the car companies had any sense of decency they would step in and rescue the city that nurtured them. Also it would make the place more attractive for talented people.


Lol. More attractive for talented people.
I think you're about 15 years behind the times.
Detroit isn't attractive for anyone and won't be unless they start over entirely. If that means bankruptcy and razing abandoned neighborhoods, so be it.
 
2013-01-29 08:25:31 AM

taurusowner: Barricaded Gunman: Kibbler: Detroit is the emblem of half a century of pure Democrat control

Ahh, America. Where even the chronically uninformed stand up to be counted.

Yep. The citizens of Detroit have stood up to be counted in favor of Democrat mayors and assorted city council members non-stop since 1962. Every mayor since then has been a Democrat. This is also "coincidentally" the same time frame that Detroit started going down the shiatter hardcore. They stood up and were counted as being in favor of "progressive" crooks like Young and Kwame, and the cesspool that Detroit has become is a direct result of that.


Kwame and Coleman were corrupt (or otherwise of the entitlement way of thinking) regardless of them being "democrat". They were unquestionably of the "I got mine, screw you" attitude that is so indicitative of republicans nowadays. They only used the title "democrat" to hoodwink the uninitiated voters of Detroit into voting for them.

Also, I'll say it and I don't care if someone thinks it racist or not: Many of the voters of Detroit will only vote for someone of the same race as themselves - qualifications be damned.
 
2013-01-29 08:28:48 AM

Vegan Meat Popsicle: Whatever happened to that plan to shrink the city and condense it into a smaller geographical area? That seemed like a good, common-sense starting point to me considering the damn place is basically downtown and a few slums surrounded by a bunch of open fields dotted with abandoned houses.

/ let me guess... the residents threw a fit because god forbid they should have to be any part of the solution to their city's problems....


basically this.

the families left in the areas scheduled for demolition were all "oh no you dih'int, why you make ME move? this my home."

and yeah.
 
2013-01-29 08:29:21 AM

Animatronik: ilambiquated: If the car companies had any sense of decency they would step in and rescue the city that nurtured them. Also it would make the place more attractive for talented people.

Lol. More attractive for talented people.
I think you're about 15 years behind the times.
Detroit isn't attractive for anyone and won't be unless they start over entirely. If that means bankruptcy and razing abandoned neighborhoods, so be it.


Actually, the area referred to locally as "Mid Town" is pretty up and coming as far as attracting new "young blood". The problem is that it is still in the city, still subject to the City Income Tax and still subject to the lack of city provided necessary services like police/fire/ambulance.
 
2013-01-29 08:31:04 AM

Vegan Meat Popsicle: Whatever happened to that plan to shrink the city and condense it into a smaller geographical area? That seemed like a good, common-sense starting point to me considering the damn place is basically downtown and a few slums surrounded by a bunch of open fields dotted with abandoned houses.

/ let me guess... the residents threw a fit because god forbid they should have to be any part of the solution to their city's problems....


Detroit has been tearing down neighborhoods and turning services off.

However, the city's government workforce has not shrunk accordingly.

detroit's water department is going to be reducing its headcount by over 60%, the average employee salary & benefit expense was over $86k. given detroit's housing costs, that is insane!

Link
 
2013-01-29 08:31:35 AM
And they'll get an Emergency Manager, which worked so well for Benton Harbor.
 
2013-01-29 08:33:22 AM
 
2013-01-29 08:33:34 AM

heavymetal: Frustrated by the lack of concrete progress, Michigan Governor Rick Snyder, a Republican, last month appointed a team to scour the city's books. The audit could result in a state takeover of Detroit's finances through the appointment of an emergency financial manager. Such a manager, who would seize control of the city's checkbook, could then propose federal bankruptcy court as the best option.

The Detroit city council and mayor should pass a law saying that they will refuse to follow any law the state imposes that they feel is "unconstitutional",


Step one of installing an emergency manager is the complete dissolution of a city council and the dismissal of the mayor.
 
2013-01-29 08:35:02 AM

way south: Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight.

Corporations go wherever the laws are friendliest to them.
The difference between them and other kinds of business is they can buy the laws they want, where they want. So they bought themselves some cheap union free labor overseas and low tax rates inside the US.

/Detroit was too mired in corruption to quickly meet changing demands.


And corporations *never* foster corruption for their own ends. That's not corruption, just business savvy.

I'm not saying the problem was caused entirely by the Big Three but they sure as hell had a big hand in it.
 
2013-01-29 08:35:58 AM

cchris_39: taurusowner: Kibbler: Detroit is the emblem of half a century of pure Democrat, union, and minority control.

There. NOW it's fixed.

/when the 47% become the 83%.......
//rest of America soon to follow.


But don't you dare call them racist.
 
2013-01-29 08:36:44 AM
Hasn't Detroit been running under the Consent Decree for two years now?
Isn't the Consent Decree basically Snyder's plan to fix Detroit?
When is the Consent Decree going to work?
 
2013-01-29 08:40:41 AM

plc5_250: taurusowner: Barricaded Gunman: Kibbler: Detroit is the emblem of half a century of pure Democrat control

Ahh, America. Where even the chronically uninformed stand up to be counted.

Yep. The citizens of Detroit have stood up to be counted in favor of Democrat mayors and assorted city council members non-stop since 1962. Every mayor since then has been a Democrat. This is also "coincidentally" the same time frame that Detroit started going down the shiatter hardcore. They stood up and were counted as being in favor of "progressive" crooks like Young and Kwame, and the cesspool that Detroit has become is a direct result of that.

Kwame and Coleman were corrupt (or otherwise of the entitlement way of thinking) regardless of them being "democrat". They were unquestionably of the "I got mine, screw you" attitude that is so indicitative of republicans nowadays. They only used the title "democrat" to hoodwink the uninitiated voters of Detroit into voting for them.

Also, I'll say it and I don't care if someone thinks it racist or not: Many of the voters of Detroit will only vote for someone of the same race as themselves - qualifications be damned.


That's why you'll probably see riots when Snyder appoints the whitest guy he knows as Detroit's Emergency Manager.

/When all is said and done, Detroit will be the Mecca of America.
//...because it will be dominated by Muslims.
 
2013-01-29 08:40:58 AM

dumbobruni: VW moved its HQ to the DC suburbs,


I'm pretty sure they're still in Wolfsburg, and the last time I went through, they were spending a lot of money making sure it is a nice place to live.

www.braunschweiger-zeitung.de

GIS Wolfsburg to see what I mean.
 
2013-01-29 08:48:10 AM

Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.


Only for those who refuse to move to where the jobs are. Fark 'em.
 
2013-01-29 08:50:23 AM
If Detroit defaulted on their debts would the creditors want to collect the collateral?
 
2013-01-29 08:51:05 AM

DrPainMD: Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Only for those who refuse to move to where the jobs are. Fark 'em.

Still, while the growth rates are high, the absolute numbers aren't. North Dakota is the nation's third smallest state, after Wyoming and Vermont, with fewer than 700,000 residents.


Idiot.
 
2013-01-29 08:53:19 AM

cchris_39: taurusowner: Kibbler: Detroit is the emblem of half a century of pure Democrat, union, and minority control.

There. NOW it's fixed.

/when the 47% become the 83%.......
//rest of America soon to follow.


Good to see you're still a tool
America is in financial trouble largely from Republican Presidents but you're a partisan shill who still tries to blame LIBS, LIBS, LIBS and the folks that aren't white
 
2013-01-29 08:53:44 AM
Kwame and Coleman were corrupt (or otherwise of the entitlement way of thinking) regardless of them being "democrat". They were unquestionably of the "I got mine, screw you" attitude that is so indicitative of republicans nowadays. They only used the title "democrat" to hoodwink the uninitiated voters of Detroit into voting for them.

So much THIS.

Kwame left office over four years ago and he and his cronies are still be tried, convicted and thrown in jail for the crap they pulled.  Corruption doesn't even begin to explain the shait they pulled.
 
2013-01-29 08:54:18 AM
Meanwhile, at a local lawyers convention:

www.colourbox.com
 
2013-01-29 08:56:02 AM

IlGreven: plc5_250: taurusowner: Barricaded Gunman: Kibbler: Detroit is the emblem of half a century of pure Democrat control

Ahh, America. Where even the chronically uninformed stand up to be counted.

Yep. The citizens of Detroit have stood up to be counted in favor of Democrat mayors and assorted city council members non-stop since 1962. Every mayor since then has been a Democrat. This is also "coincidentally" the same time frame that Detroit started going down the shiatter hardcore. They stood up and were counted as being in favor of "progressive" crooks like Young and Kwame, and the cesspool that Detroit has become is a direct result of that.

Kwame and Coleman were corrupt (or otherwise of the entitlement way of thinking) regardless of them being "democrat". They were unquestionably of the "I got mine, screw you" attitude that is so indicitative of republicans nowadays. They only used the title "democrat" to hoodwink the uninitiated voters of Detroit into voting for them.

Also, I'll say it and I don't care if someone thinks it racist or not: Many of the voters of Detroit will only vote for someone of the same race as themselves - qualifications be damned.

That's why you'll probably see riots when Snyder appoints the whitest guy he knows as Detroit's Emergency Manager.

/When all is said and done, Detroit will be the Mecca of America.
//...because it will be dominated by Muslims.


Close but not quite. The Muslims are quite happy being in Dearborn/Dearborn Heights.

Also, the riots will occur not because of Snyder appointing "the whitest guy he knows" but because the gravy train for so many people associated with come to a sudden, screeching halt.

My $.02 for solving Detroit's problems: 1) sell or otherwise divest itself of City Airport. 2) sell Belle Isle to the state (not lease) but implement a revenue sharing plan as a part of the sale. 3) break up the city into several smaller cities/villages with their own government/services (fat chance of this going through). 4) roll the Detroit Police Department into the Wayne County Sherrif's Department and let Wayne County deal with the expense (since the city is 100% within Wayne County) - similar thoughts for the Fire/streets departments. 5) start actually enforcing the laws on the highways (when was the last time you saw any city police officer enforcing traffic laws on any of the highways, let alone the city streets).

Not holding my breath...
 
2013-01-29 08:58:38 AM

Kibbler: way south: Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight.

Corporations go wherever the laws are friendliest to them.
The difference between them and other kinds of business is they can buy the laws they want, where they want. So they bought themselves some cheap union free labor overseas and low tax rates inside the US.

/Detroit was too mired in corruption to quickly meet changing demands.

And corporations *never* foster corruption for their own ends. That's not corruption, just business savvy.

I'm not saying the problem was caused entirely by the Big Three but they sure as hell had a big hand in it.


No doubt they played a part, but if I was a corporation I'd want to corrupt the locals so I'd never have to move my plant or pay taxes. Win-win situation.
Seems to me they found it easier to corrupt the fed and foreign nations.
...Which leads me to believe that the corruption eating away at Detroit isn't entirely due to corporations.
Its coming from inside.

/If every politician is milking a few thousand bucks over a few decades, it adds up.
 
2013-01-29 09:06:21 AM

way south: Kibbler: way south: Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight.

Corporations go wherever the laws are friendliest to them.
The difference between them and other kinds of business is they can buy the laws they want, where they want. So they bought themselves some cheap union free labor overseas and low tax rates inside the US.

/Detroit was too mired in corruption to quickly meet changing demands.

And corporations *never* foster corruption for their own ends. That's not corruption, just business savvy.

I'm not saying the problem was caused entirely by the Big Three but they sure as hell had a big hand in it.

No doubt they played a part, but if I was a corporation I'd want to corrupt the locals so I'd never have to move my plant or pay taxes. Win-win situation.
Seems to me they found it easier to corrupt the fed and foreign nations.
...Which leads me to believe that the corruption eating away at Detroit isn't entirely due to corporations.
Its coming from inside.

/If every politician is milking a few thousand bucks over a few decades, it adds up.


Consider this: Kwame's Federal Corruption Trial revealed (from an IRS investigation level) in the past few days that while his income was reported at around $650,000 for a certain period of 6 years, his lifestyle (spending level) was at 1,400,000 for the same period. Milking doesn't even begin to describe it here...
 
2013-01-29 09:06:50 AM
End welfare, food stamps and subsidized housing/utilities and Detroit will be a thriving beautiful place in a few short months.
 
2013-01-29 09:06:57 AM

Vegan Meat Popsicle: Whatever happened to that plan to shrink the city and condense it into a smaller geographical area? That seemed like a good, common-sense starting point to me considering the damn place is basically downtown and a few slums surrounded by a bunch of open fields dotted with abandoned houses.

/ let me guess... the residents threw a fit because god forbid they should have to be any part of the solution to their city's problems....


the Weeners worth reading

I want to give you a banana sticker
 
2013-01-29 09:08:22 AM
olivereports.files.wordpress.com
Miss me yet?
 
2013-01-29 09:09:00 AM

Kibbler: Detroit is the emblem of modern corporate industrial capitalism. Everything is great until the corporations no longer need you. Then, chronic post-Soviet third-world decay and blight.

Throw it on the pile with Gary and East St. Louis as one of those places never to drive through, too dangerous at night, too depressing in daylight.


no... that would be emblematic of the entire great lakes region and appalachias, yet detroit is by far in the worst shape of any area of the country
 
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