Detroit...

Discussion in 'Politics' started by JBeukema, Jul 30, 2010.

  1. JBeukema
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    JBeukema BANNED

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    [ame="http://www.youtube.com/watch?v=1hhJ_49leBw"]YouTube - Detroit in RUINS! (Crowder goes Ghetto)[/ame]
     
  2. The Rabbi
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    The Rabbi Diamond Member

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    The former mayor is in jail on corruption charges. The school board president resigned over allegations that he masturbated in his office during a meeting with an official. In any case he cannot read or write. The police chief unexpectedly resigned.
    Yes, this is what happens when you elect Democrats who promise to tax the rich.
     
  3. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Sad to see the decline of a once great city

    Detroit, at one time symbolized American greatness. With the decline in dominance of the American auto industry and the dispersion of auto manufacturing to less expensive areas, I doubt if Detroit will ever return to its former greatness

    They have to downsize the city. Demolish what once was and concentrate on a manageable city center and try to attract new industries.

    They need a powerful city planner to rescope their future...I wish them luck
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    But if they need some Good News

    GM received about $50 billion last year from the U.S. government to stay in business and make it through bankruptcy court. The company repaid $6.7 billion, and the balance was converted to a 61% government stake in the automaker.

    The government hopes to get the rest of the money back when GM sells its shares.

    Obama on Thursday said the government will recover all taxpayer money his administration used to bail out the auto industry.

    The White House said the president referred only to the $60 billion his administration spent rescuing the auto industry, not the $25 billion spent under the Bush administration. The most recent government estimate found that taxpayers will lose $24.3 billion on the auto bailout.

    The Obama and Bush administrations poured $85 billion into General Motors, Chrysler, auto lenders and suppliers to avoid an industrywide meltdown in 2008 and 2009.
     
  5. Jarhead
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    Jarhead Gold Member

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    Detroit, as Pittsburgh, was the epitomy of America.
    Now, sadly, it is the armpit of America.
     
  6. JBeukema
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    When the Planners bring about total failure, there comes a call for a single powerful Planner, a strong man to lead the People...

    I swear I read something like that once... I think the author's name was Hayek or something...
     
  7. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Look at someone like Robert Moses did in New York

    Cities like San Antonio, Atlanta, Nashville have redefined themselves. Whining about what once was will not do the job
     
  8. Jarhead
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    Jarhead Gold Member

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    RW....

    I believe there are times where you just need to let go. The auto industry helped define America, but over the years it proved to be a losing cause. America, with all of its regulations (for good or bad, that is not the debate), with all of its union requirements (again, for good or bad, that is not the debate), cannot sustain an industry like the auto industry....it can nopt compete.

    America is usually the frontrunner of an industry, and when other countries catch on and the competition increases, we should be willing to move forward and be the frontunner of a new industry. As a country that is not just in it for the money and instead care about the eniovronment, the long term good of the earth in general and the health and well being of the people (workers), we can not and should not try to compete with those that will sacrifice safety and the environment in an effort to win over the consumer.

    We should have used that 85 billion on new energy technology....and educating those that serviced the auto industry in transferring their skills to the energy industry.

    My personal opinon, of course.
     
  9. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Well the good news is the $85 billion will be repaid. The standard opposition at the time was if we gave GM the money they would be back in six months asking for more. As a condition of lending them money, Obama insisted that they become more lean and come back with a more efficient management strategy.

    GM looks to have come back from the brink. They will not be the same company they were but they have stopped bleeding and stopped asking for more money
     
  10. Jarhead
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    Jarhead Gold Member

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    Well, we need to call a spade a spade.

    In it was the CARS program. I would like to see how the returns are without the taxpayer having to absorb a lot of the money.

    And to avoid an unecessary debate, everytime someone gets a tax credit, it is still a burden on the taxpayer...the deficit....and, if not, the debt.

    No, I am not being a pessimist. I am a realist. I want to see how things go with GM in a normal enivronment with fair competition. It is the "economist" part of me.
     

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