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Detroit To Be Taken Over By The State
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
More:
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...
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Its taking the Feds forever to get the armed drones in the sky and the FEMA camps operational for the takeover of the United States of America. Maybe the market will hit 2,000 by the time they get their asses in gear.
They pulled that story and now it is this.
http://www.wxyz.com/dpp/news/region/detroit/will-governor-rick-snyder-an...
Will Governor Rick Snyder announce his decision on Detroit today?Stay tuned folks.
Gubbinor: Hello, Lloyd? We could use some accounting help here. We'd like to rehypothcate Detroit pleaze. You could even short it later if you like...
There was a ZH poster who a week or so ago said the states would take over the bankrupt cities, which would then bankrupt the states. Then, he wrote, the bankrupt states would be taken over by the feds.
Posted it to my facebook that day just to piss off the muppets I know.
Then today I read this headline - sha-ZAM!
I now realize many ZH'ers are modern-day prophets.
SO glad I found this site!!
That's why we are here. LIBERTAD
Until we too are censored or co-opted or pressured by the PTB...
I doubt we the people would stand for that too long....
Good at prophecy ... not so good at market timing
We are so screwed:
"Maxine Waters: 'Over 170 Million Jobs Could Be Lost' Due To Sequestration"
Maxine Waters, one of LA most brilliant minds!
Actually that is perfect because she is wrong about everything so there should be no problems at all.
my fucking Yorkie could do a better job.
The people of South Central must be proud
Oh they are....
Believe me, that they are.
About her being black...
After that, not sure...
Its just fucking amazing, it really is, its like Guam tipping over or sumpin.
The nation's mismanagement is not an occasion for humor or posturing. It is a serious development. Maxine Waters has overdone it; it is more than a false statement! With people like this in central control from Washington, DC, we as a nation are folding.
Don’t Overdo It
"As RESTRICTIONS and prohibition are multiplied in the Empire, the people grow poorer and poorer.
When the people are subjected to overmuch government, the land is thrown into confusion.
When the people are skilled in many cunning arts, strange are the objects of luxury that appear.
The greater the number of laws and enactments, the more thieves and robbers there will be.
Therefore, the Sage says: 'So long as I do nothing, the people will work out their own reformation. So long as I love calm, the people will right themselves. If only I keep from meddling, the people will grow rich. If only I am free from desire, the people will come naturally back to simplicity.'
If the Government is sluggish and tolerant, the people will be honest and free from guile. If the Government is prying and meddling, there will be constant infraction of the law.
Is the Government corrupt? Then uprightness becomes rare, and goodness becomes strange.
Verily, mankind have been under delusion for many a day! Govern a great nation as you would cook a small fish. (Don’t overdo it.)"
--Lao-Tze, 560 B.C.
+1
I sent this to Tyler but I'm sure he/they get thousands of links and articles.
"Whether it's the Department of Education's failure to produce kids who can read, the FBI's accusations against innocent people in high-profile cases, or the FDA cracking down on tomatoes, the answer is always the same: proponents of bigger government argue that yes, mistakes were made, but the solution of course is to shovel more taxpayer money into the agencies in question.
In the private sector, when a firm fails, it ceases operations. The opposite happens in government."
http://mises.org/daily/3273
I'm getting to the point where I'm wondering if people actually want to be free. We're surrounded by pansies, flim flam artists and sheep.
“Yet it gets worse. As the Wall Street Journal and others dig into the story, they find that Madoff's family had close ties to the SEC. His sons, brother, and niece, for example, worked with or advised financial regulators on certain matters—no doubt telling them the best way to protect investors from fraud.”
America’s come to be controlled by just one big happy crime family, nmewn. Those in power have been allowed to murder the market because Congress no longer cares for the country or its future. Congress has joined up with the renegades, subverting anything for their own profit; they'll even twist the laws for powerful men just to ride in a limo. Well, if the economy doesn’t soon get them the people will. With an American buying a gun every 1.5 seconds, it looks as if we’re heading for a range war.
As someone said, "one need not be shrewd to outwit a pack of fools." My sixth sense tells me we're at the climax - at the explosion point.
If our freedom is to survive, Americans must become far better informed of the dangers from Washington -- regardless of who wins the Presidency." -- James Bovard in Voting is Overrated
The powerful voices on ZH -- you -- are helping turn the tide, nmewn. Public opinion, IMO, now questions the legitimacy of this government. And as James E. Miller of Mises/Canada said, "They fear losing consent above all things because soon after, their lordship must come to an end."
By the looks of things, it may soon be ending.
This looks like a job for the state milita......
They need to re-open the Model T plant in Detroit. It worked back in 1908, it should work now.
Or sell it to the US military where they can practice close quarters fighting... Gangmembers can play the evil doers if they want.
Detroit... a toxic asset if there ever was one.
I'm surprised the FED or the Federal Government didn't snap it up.
They (the FED) don't want to improve their Balance Sheet
Black democrat politicians have done to Detriot what the OBowel Movement is doing to America.
amerika has a problem with too many bad negroes in office.
it starts at the top.
the poster child for militant unionism (though i am certainly no fan of management) and socialist pig troughs without end, detroit is an economic wasteland created by the best and brightest in american politics and leadership. the decay started in the 1950s with detroit's arrogant hubris and has finally ended 50 years later in shambles, decay, and shame....just think of all of those stupid fuck voters who supported the incompetent crooks....
create a deck of cards with the faces of the leading losers - romney, that bitch governor who came in on a tidal wave of popularity - can't think of her name maybe granholm, all of the mayors since 1950, all of the governors, all of the union leaders, all of the voters....
the only redeemng product out of detroit was motown and it is history too....
who cares as long as the union folks get their fat pensions and unlimited lifelong, free medical care?
That check's about to marked "Account Overdrawn"
Sarah Palin: Govt To Default On Debt; Feds Stockpiling Bullets In Case Of Civil Unrest
http://govtslaves.info/sarah-palin-govt-to-default-on-debt-feds-stockpil...
She sounds like she'es been reading ZH
I have a developer buddy living North of Detroit. A few years back he and some friends put together a beautiful plan to rehab the old Detroit Rowing Club on Belle Isle. Amazing building and location. A member of Congress was even involved.
The Mayor at the time, Kirkpatrick, wanted a cool one million dollar payoff to approve the project.
The plans were dropped right there and that was that.
Tragic.
Another disaster that won't end well. I'm sure the city fucks that work in the museum courthouse with $5k weekly wardrobes won't be liking it. What happened? Some richy rich politician bitch was just preaching about bringing light rail to Detroit. And wtf would that accomplish? Get from one side of the shitpit to the other in a blink of an eye? And skip right over the asshole?
liberalism is a mental disorder. it destroys hearts, minds, towns, cities, states, countries and societies.
I see Bulldozers coming, lots of them.
If only. Keep hoping.
So Lansing will be cleansed after all.
Detroit is America's future, don't be smug.
The Michigan takeover is insertion of a technocrat. As with Mario Monti in italy, it is a matter of time before this person fails and the city becomes effectively ungovernable.
What happens next? Who knows but it will be less.
Your future, folks, LESS.
I bet they won't be so smug when the democrats get control back, overthrow the elected government of the state of alabama and force all those crackers to join a union. The precedent is being set by a tea bag republican in Michigan right now.
You force a "cracker" to do something at your own peril. You only show your own ignorance. Ever hear of the old adage of keeping your mouth shut being thought dumb as opposed to speaking and removing all doubt.
"Because you can't stomp us out and can't make us run
'Cause we're them ole boys raised on shotguns...
We say grace and we say ma'am
and if you ain't into that we don't give a damned"
negro riots coming soon, with dhs tanks roaming the streets.
Less is more.
--Mies van der Rohe
I keep telling ya Detroit, there's huge money in becoming a dump for everyone's spent nuclear fuel. If ya can't stand the heat (or radiation) get out of the kitchen.
Lansing would be a better place as long as ALEC controls the government there.
What happens to the Inner City? Will it get gentrified by QE money from The Fed? To grow the GDP, and have the Phoenix rise out of the 'hood ashes?
It'd do wonders for the state if the banks just wrote off and demolished excess inventory (drug-haven homes), and the developers renewed the core. Since it's all funny-money anyway. And make the cops live in the 'hood, like they used to, to tamp down crime.
Mr. Mayor, tear down these ('hood) walls!
First of all it is Michiganders. I lived in Detroit for a couple years in the mid 80s. Gunshots in the night far too common and an unfortunate with an attempted mugging while picking up and employee on 7 Mile road at 5AM. We should war with Canada, lose and give them Wayne County. Then again I have relatives in Canada and they would just give it back anyway. West side of the state and the north is a whole different world. In the 50s and 60s before 68 Detroit was the height of American manufacturing. Sad but true. Demise on Steroids.
Thank the South for their theft of all that was the North (especially Detroit) and general disdain for those who are not business owners.
Imagine those ignorant inbred retard southern morons outsmarting the "northeastern intelligensia" out of all of their possession. Hmmm.... Country dumb appears to beat City Slick Carpetbagger SOB all day, everyday and twice on Sunday's if you are to be believed.
What's that old saying my Ohio family used to say? Michigan and Ohio fought a skirmish over Toledo...Ohio lost.
If you saw what happened in 2011, Ohio won and Michigan lost. Ohio has managed to take back some control over the government since 2010.
my typing is terrible, sorry for not editing . I do know how to spell. I think.
No post on Detroit is complete without a naked, hometown girl Madonna picture:
Detroit Doom
http://chartistfriendfrompittsburgh.blogspot.com/2013/02/detroit-doom.html
Just one more example of a broke and inefficient government taking over another broke and incompetent one. It's sure to end well.
Obumbwa simply calls Mugabe and arranges a 100 Trillion dollar bridge loan. Free Night Train and Newports for all!!! Problem solved. CB
why would the state want to take responsibility for Detroit anyway? Is it required by law to do so? If I were Michigan's governor, I'd tell Detroiters to fix it themselves. They didn't vote for him anyway.
Almost all states have such laws for cities, school districts, etc. to protect the innocent, er that is us; usually followed by criminal investogations, and white washed political deals.
When the City gets to the point when cash flow can't cover the bills, and nobody will buy its bonds, there are provisions in the Federal Bankruptcy code for local governmental units to declare bankruptcy. The process is very much more like a Chapter 11 than a Chapter 7. A lifetime tenure Federal Bankruptcy Judge becomes the person who ultimately decides any disagreements over who gets the gold and who gets the shaft. The City eventually gets its budget straightened out and comes out of bankruptcy.
Politicians cannot allow that sort of power to pass into the hands of somebody else, so they pass laws at the State level that basically say to the locals that if you can't run your city finances, you step aside and let our guy serve as dictator, and he will have absolute power to get all of the financial ducks in a row. That way, there can be all sorts of back room deals which benefit the state politicians and their cronies. Much better for them than letting some crusty old bankruptcy Judge rule the roost. There's a chance that the Judge might not be corruptable.
In the case of Detroit, this is an especially satisfying process, since the State is presently being run by Repubs, and the City has been about 99.8 Dems for decades. The Repubs probably feel it is about time they got the chance to get their middleman cut while they shove their cocks up the asses of their lifelong worst political foes.
There's probably going to be another riot, except that it requires much more effort now compared to 1967 to find something left to burn down within the City limits.
Contrary to what has been said or implied by many of the above posters, this process in no way makes the State of Michigan financially responsible for any contracts or debts of the City of Detroit. It just means that the State gets to put their man in as absolute ruler of the City as an alternative to federal bankruptcy.
You're correct. My first thought after reading the article was riot. This place is so polarized between right/left and black/white all hell could break loose. I'm sure the hood views Rick as the whitest of whities. He comes off that way. He's like Mitt. With blond hair. On acid.
Maybe that's the idea all along...
"can't we just all get along?"
If Detroiters want to keep their city, perhaps they should try defending it from Lansing's attempt at insurrection.
It might help if the police force is willing to stand with their citizens and keep Detroit in the hands of its own.
Delta City, here we come - just don't expect to be in it unless you're one of Snyder's (or ALEC's) cronies. Hopefully Snyder's there for the announcement for the ED-209 that should be coming to that city.
Bernanke Claims Fed Bankruptcy Is Irrelevanthttp://seekingalpha.com/article/1234971-bernanke-claims-fed-bankruptcy-i...
The Most Important Topic For 2013 YouTubehttp://www.youtube.com/watch?v=kXUaI718yJs
After reading and watching this,Who care about
Detroit ...:P
This is a terrible move from a political standpoint. The State and voters and taxpayers of Michigan should've let the whole thing fail. Detroit should collect taxes just like any other city in America....except it has so few people to collect from it can't. Since it can't the state of Michigan should've cut off ANY and ALL support. The unions, jackals, thugs, thieves, corrupt politicians, bureaucrats and police could've all eaten the shit they've been dropping for decades. If the Federal Government wanted to step in to "help" then let people across the nation behold their fate should they choose Detroit's path. Let them behold and let them wonder and let them prevent it.
Things could've been different.
That was not even remotely possible and you know it. You know how much lucrative backroom dealing there will be? No government would pass on that oppurtunity. Think of all the speeches there will be to the plebs who will be bailing out Detroit, it's a golden oppurtunity.
But it wouldn't provide a coup-de-grace for Snyder(R-ALEC).
They're going to make Detroit a Model City, damnit, even if they have to bulldoze every last inch first.
Only if Lansing returns control from ALEC and the Mackinac Institute to the Michiganders first.
Arabs still seem to love Detroit. All of southeast MI actually. Song is kinda Dated. I bet Newports are more than 50 cents now with Beniflation and all...
http://youtu.be/uQ7MfPTVwHo
I've often thought that the solution to the Palestinian issue would be to just move all the inhabitants of Gaza to Detroit. Give every Arab family a vacant home. The homes aren't much, but at least there is less chance of having your home bulldozed by the Israeli military.
Takeover by the state? or by the Feds/? or Federal Reserve?
Housing is Cheap. So is Life.
Welcome to the new USA.
Due to the generational education which has stressed self interest being good for all, americans have largely forgotten/lost the skills of being a member of community where collaboration, the golden rule and long term thinking were predominant.
Now, it is a nation of predators where the most criminal, the most lying, cheating, theiving wins!@! AND the losers are envious and wish they had been the best predator.
All this arguing over healthcare, SS, Medicaid etc is really about what kind of nation we are.
Detroit citizens could try and figure it out finding better ways to collaborate and cooperate to make a future for the city. It is possible that hard times will yield a new vision for them.
Any hope for cooperation ended a couple of years ago when ALEC took over Michigan. Co-opting is the rule in the state, which now is no longer represented by Michiganders, but by a multi-state bill-mill entity.
Krugman,wake up dummy,the answer is nobody.Who wants to bail out a wasteland of rustbelt land and run down old bankrupt 60's industries that are full of mercury and toxic waste from decades of environmental abuse.It's a symbol of what's wrong with society in the United States.Just wait a few more decades and see the nuclear reactors fail and not one failed dollar left to clean up radioactivity that can't find a home in anybody's backyard.Your country is bankrupt Krugman and the U.S. monetary system is a scam.Do you understand what the word BROKE really means?
But they told me auto industry had come "roaring back". They said those cool hip-hop cars were "imported from Detroit". They said the GM bailout was a success. Honest, I saw it on TV.
New cars increasingly out of reach for many Americans....
http://finance.yahoo.com/news/cars-increasingly-reach-many-americans-145...
With the average new car over 30K, WTF do they expect?
Set the Controls for the Heart of the Sun. Spark up. Can I get a city block and a mule?
and a MULE? (Yeah, Mrs. TalkToLind watches Gone With The Wind too often, so what?)
Thank God for 7 Action News. Now we get the truth. (sarc)
Liberal rule and corruption at its finest...Chicago is next.
if you just visit ZH, you would think US is the worst place in the world.
nuff said.
you are right. it is only the 2nd or 3rd worst.
America was the greatest place in the world until a bunch of cocksuckers wrecked the car and pissed on the door handles.....We coalesce here to discuss, plan and ready ourselves for the retaking. If everything is so great here, then why is the sentiment of the country at its lowest point in recent if not all of history?
detroit should be turned into an open air prison for violent offenders ringed with high voltage fences, drone patrolled and cctved from the air and ground. food, ammunition and weapons drops should be made in random locations around the city daily. no toilet paper. running water should be supplied to certain locations. making sure there are only enough supplies for half the current population, new inmates should be dropped with the supplies every day to maintain the same level of population. the only rule is that anyone who shoots out a cctv camera will be captured and waterboarded while his body is tied to a rack eventualy tearing his body apart.
all of this should be made available world wide for pay for view on the tv and internet payable to .gov, split between the state and feds. michigan would recover in a month and the entire fed deficit would be paid off in a year. all these evil people could go to heaven knowing they gave their lives for the good of mankind so they have received redemption in the eyes of the lord.
Escape from New York....
Hire Snake Plissken as Mayor/Warden
I think it could work, worlds largest FEMA camp.
At least they should have tried hock it out to the Chinese and made something useful out of it, like maybe a waste dump.
Thorstein Veblen said,
The real profit is in the chaos.
PLove
Gosh what terrible news, I'll go for a drive in my suzuki to calm down.
They make nice golfcarts. Now if you wanted a car with an actual engine and US-sized body, General Motors and Chrysler would have that covered.
I bought some Detroit Munis back in the 90's. Was that a bad Idea?
Detroit has been repossessed, darn, towing it to the wrecking yard might be wiser.
ALEC already has Lansing. Why bother with Detroit unless you want to just inflict pain?
Because it has an excellent view of Windsor.
Except that Windsor has a Canadian politician controlling it, not some multistate(or in Canada's case, multiprovince) entity that acts as if it was its own country.
I wonder what Bill Bonds would have to say about all of this...
Autos are so 20th century. Detroit needs to find a new industry. Something like manufacturing cyborg replacements for police officers.
The problem is that Snyder(and his men) would end up on the wrong end of an ED-209. Michigan would lose a very valuable puppet in the quest to make Delta City safe for the businessfolk.
Nothing a couple of Bull Dozers cannot fix. So going long CAT. Should help in the clean up and then by John Deere as we move it back to farmland. That way Detroit can be good for something.
Lansing first, namely with the current legislature that is controlled by a non-Michigan entity.
Duke of Detroit
Robocop? Shit, you need Mel Farr Superstar on the jizzob.
How did I wind up last? I was the second post earlier.