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Old 03-19-2012, 10:55 AM
 
Location: Maryland
18,626 posts, read 18,484,619 times
Reputation: 6429

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I don't understand why does he thinks the US taxpayers should have to bailout his crumbling city. What's in it for us?
Federal bailout for Detroit? Go ahead and try, Snyder says, but city still needs structural fix | MLive.com

Quote:

U.S. Rep. Hansen Clarke on Thursday called on Michigan Gov. Rick Snyder to delay state intervention in Detroit as he prepares to introduce legislation early next week that would provide emergency financial relief for the cash-strapped city.

"It's a long shot, but I've got to work to make it happen," said the Freshman Democrat, acknowledging the legislation would need to pass through the Republican-controlled House.


But, as Clarke noted, New York also received emergency federal assistance to help it avoid defaulting on municipal bonds, and he suggested Detroit could find itself in a similar situation. "That would create havoc on the bond market, and I'm going to urge the federal government to intervene right now, not just for the City of Detroit, but for our country's economy," he said.
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Old 03-19-2012, 11:12 AM
 
Location: North of Canada, but not the Arctic
17,841 posts, read 16,044,771 times
Reputation: 21372
He's a clown. He can't say what should really happen so he tries to twist it into a federal issue.
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Old 03-19-2012, 11:14 AM
 
12,638 posts, read 8,450,102 times
Reputation: 7457
Union goons should have their paychecks docked to bailout every city like Detroit, which ruined itself by passing pie-in-the-sky benefits programs for its workers in exchange for votes.

If the unions can spend tens of millions of dollars on political campaigns, surely they have enough cash to fix the messes they caused in places like Detroit.
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Old 03-19-2012, 11:14 AM
 
57,036 posts, read 33,182,963 times
Reputation: 18824
Yea, it's definitely a structural issue. The whole government there needs to be scrapped, especially the at-large city council and the way appointments are handed out.
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Old 03-19-2012, 11:15 AM
 
12,638 posts, read 8,450,102 times
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Quote:
Originally Posted by desertdetroiter View Post
Yea, it's definitely a structural issue. The whole government there needs to be scrapped, especially the at-large city council and the way appointments are handed out.
The City of Detroit is a prime example of how anything run by liberals turns to shlt.
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Old 03-19-2012, 11:29 AM
 
24,729 posts, read 14,834,812 times
Reputation: 14925
Quote:
Originally Posted by Trace21230 View Post
The City of Detroit is a prime example of how anything run by liberals turns to shlt.
Definitely corruption in their city government but don't you think that outsourcing of auto worker jobs kind of killed the city?

I mean GM was making billions of dollars per month clear profit and laying off their American work force and shipping the jobs to Mexico in the 90's.

Unless you think that's good for the country?
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Old 03-19-2012, 11:33 AM
 
16,546 posts, read 12,880,080 times
Reputation: 4235
Quote:
Originally Posted by PullMyFinger View Post
Definitely corruption in their city government but don't you think that outsourcing of auto worker jobs kind of killed the city?

I mean GM was making billions of dollars per month clear profit and laying off their American work force and shipping the jobs to Mexico in the 90's.

Unless you think that's good for the country?
And what did GM just do? Well, they built a brand new plant in MEXICO!
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Old 03-19-2012, 11:35 AM
 
Location: Southcentral Kansas
44,877 posts, read 31,738,682 times
Reputation: 4269
Quote:
Originally Posted by PullMyFinger View Post
Definitely corruption in their city government but don't you think that outsourcing of auto worker jobs kind of killed the city?

I mean GM was making billions of dollars per month clear profit and laying off their American work force and shipping the jobs to Mexico in the 90's.

Unless you think that's good for the country?
The UAW was the one bailed out when Government Motors was created and the UAW ended up owning more of the company than anyone else. Bailing out Detroit would sound like another bailout for the UAW and begin a rather sad precedent for other cities.
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Old 03-19-2012, 11:37 AM
 
24,729 posts, read 14,834,812 times
Reputation: 14925
Quote:
Originally Posted by SourD View Post
And what did GM just do? Well, they built a brand new plant in MEXICO!
Exactly, I think it's sad how they have turned their back on their American workforce when Honda, Toyota, Nissan and others have embraced their American workforce and expanded it.

It's not a union issue, the unions have been so beat down that they are little more than whipped puppies. I mean our union auto workers make half of what the union auto workers in Germany make.
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Old 03-19-2012, 12:38 PM
 
Location: Berwick, Penna.
15,871 posts, read 10,184,453 times
Reputation: 20418
All the positives of free enterprise, and all the inconsistencies on both sides of the political spectrum, have played a part in the rise and fall of the city of Detroit. With one possible exception (Hong Kong) I cannot think of a place where the forces of supply and demand rule more forcefully, or unfogivingly.

Left alone, it must, at some point, stabilize and recover. But the politicans and their clientele, too many of them on the bottom rung of the economic ladder, aren't likely to recognize this.
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