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Old 07-18-2013, 02:18 PM  
petegz28 petegz28 is offline
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Detroit files for Chapter 9 bankruptcy protection: local TV report

http://www.cnbc.com/id/100764427
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Old 07-18-2013, 02:21 PM   #2
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I knew the burbs weren't gonna go for the tax idea -- national economy is too weak, particularly there.
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Old 07-18-2013, 02:22 PM   #3
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Old 07-18-2013, 02:24 PM   #4
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Old 07-18-2013, 02:26 PM   #5
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Old 07-18-2013, 02:33 PM   #6
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Can Bugs saw off Detroit to?
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Old 07-18-2013, 03:22 PM   #7
Amnorix Amnorix is offline
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I love the signs people are holding: "Hands off our pensions; make the banks pay" etc.

Complete ignorance. The pensions and other fixed benefits are a big part of the reason why the bankruptcy filing was necessary. The banks and other investors, including ordinary folks, in the city's debt instruments are going to get absolutely hammered.

Who the hell do they think is going to keep paying for all those pensions and other benefits?
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Old 07-18-2013, 03:33 PM   #8
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Quote:
Originally Posted by Amnorix View Post
I love the signs people are holding: "Hands off our pensions; make the banks pay" etc.

Complete ignorance. The pensions and other fixed benefits are a big part of the reason why the bankruptcy filing was necessary. The banks and other investors, including ordinary folks, in the city's debt instruments are going to get absolutely hammered.

Who the hell do they think is going to keep paying for all those pensions and other benefits?

Well, what percentage of Detroit citizens voted for Obama?....Just a guess?



"20 percent of Detroit is on food stamps. Its violent crime rate is 5 times the national average and it’s rated as America’s Most Dangerous City.

40 percent of Detroit residents want to leave the city. Home prices have fallen 54 percent in the last 3 years. And Detroit has the highest poverty rate in the nation.

So guess who Detroit voted for by 98 percent? Obama, naturally. Because when you’re already living in a hellhole, your prime motivation is to drag the rest of the country in with you. The 40 percent of Detroiters who want to leave have drawn no conclusions about the causes of all their problems.

Barack Obama defeated Governor Mitt Romney by astounding numbers in Detroit, Michigan, amassing 98% of the vote to Romney’s 2%. In a city of over 700,000 people, Mr. Romney was only able to get 6,016 votes according to government tallies.

Mr. Obama received a staggering 281,382 votes, over forty-five times that of the governor. Democrats won heavily in Detroit, though no Democrat who faced a Republican challenger received a higher percent of the vote than the President."


http://frontpagemag.com/2012/dgreenf...ent-for-obama/
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Old 07-18-2013, 03:53 PM   #9
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I knew the burbs weren't gonna go for the tax idea -- national economy is too weak, particularly there.
wut?
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Old 07-18-2013, 03:54 PM   #10
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Quote:
Originally Posted by Amnorix View Post
I love the signs people are holding: "Hands off our pensions; make the banks pay" etc.

Complete ignorance. The pensions and other fixed benefits are a big part of the reason why the bankruptcy filing was necessary. The banks and other investors, including ordinary folks, in the city's debt instruments are going to get absolutely hammered.

Who the hell do they think is going to keep paying for all those pensions and other benefits?
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Old 07-18-2013, 03:55 PM   #11
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Quote:
Originally Posted by mikey23545 View Post
Well, what percentage of Detroit citizens voted for Obama?....Just a guess?
Don't forget all the muslims and CAIR workers
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Old 07-18-2013, 04:31 PM   #12
Amnorix Amnorix is offline
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Quote:
Originally Posted by mikey23545 View Post
Well, what percentage of Detroit citizens voted for Obama?....Just a guess?
errr...don't give a crap?


Quote:
So guess who Detroit voted for by 98 percent? Obama, naturally. Because when you’re already living in a hellhole, your prime motivation is to drag the rest of the country in with you. The 40 percent of Detroiters who want to leave have drawn no conclusions about the causes of all their problems.
Detroit has been slowly dying for a very, very long time now. At this point, all the businesses have largely left the city, and all that is left (other than the Innovation Zone (or whatever it's called) that they're trying to create) are lifers who can't imagine living elsewhere and city workers. I'm sure many of them voted Democrat because they thought they'd be more likely to have a better outcome with a Democrat in office than a Republican.

Are you suggesting an intelligence test to have the right to vote? A wealth/means test?

Of course, I'm sure Romney's unfavorable view of the efforts to save the American auto industry (in the view of the unions, etc.) had no impact on that vote disparity...
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Old 07-18-2013, 04:45 PM   #13
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Old 07-18-2013, 04:48 PM   #14
Deberg_1990 Deberg_1990 is offline
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Quote:
Originally Posted by mikey23545 View Post
Well, what percentage of Detroit citizens voted for Obama?....Just a guess?

What did Bush do for them?? Who's POTUS had very little to do with what happened to Detroit over decades.
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Old 07-18-2013, 04:57 PM   #15
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