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Related: About this forumMy appearance on Fox News' Your World to discuss a possible Federal bailout of Detroit
My latest appearance on Fox News, here I discuss a possible Federal bailout of Detroit on Your World with Neil Cavuto along with Cheri Jacobus and guest host Jenna Lee.
closeupready
(29,503 posts)I wish we could clone you. K&R
stevenleser
(32,886 posts)tomm2thumbs
(13,297 posts)well stated and presented.
And funny too '.. you know, I've got this new cologne...' hahahahaha killed me. Great job all throughout.
stevenleser
(32,886 posts)I'm not comedian but I am trying to inject more humor into my appearances. Thanks for noticing and for all your other nice comments!
Mr_Jefferson_24
(8,559 posts)Source: http://www.informationclearinghouse.info/article35601.htm
stevenleser
(32,886 posts)I also want to talk about how it isnt just the elected leadership of Detroit that should now be held accountable but also this committee that the Governor forced on the city. They are also responsible now. I dont think anyone else is talking about that.
Spitfire of ATJ
(32,723 posts)The people of Detroit elected a black mayor and Big Business set out to cause the city to collapse to send the message that black people can't run a city.
They also did the SAME THING they're doing now to Obama. Claiming he crashed the economy by increasing welfare for black people.
navarth
(5,927 posts)Couldn't agree more.
angstlessk
(11,862 posts)and when a Democrat finally gets to talk the repug interrupts...of course this is faux..whacha gona do?
dtom67
(634 posts)If you dig deep enough, you will find Wall Street derivatives at the heart of the Debt. Some city official investing in a vehicle sold by Goldman Sachs or JPM because the traditional "safe" bet (bonds) have such a low yield. The official looks at potential yield and does not understand the risk. Zero interest rates by the Fed have endangered ALL pension funds.
This also has the added bonus of union busting: if you bankrupt the Employer, you can crush the Union. Works for gov't employee unions as well.
The swindlers on Wall Street are the REAL culprit here.
But they will get a Pass, as always.....
Triana
(22,666 posts)Typical. UNIONS didn't cause Detroit's issues.
freshwest
(53,661 posts)Spitfire of ATJ
(32,723 posts)They're saying the people should pay the price for refusing to vote for a,...(drumroll)...Conservative Republican.
Taitertots
(7,745 posts)Michigan deserves the same treatment as Mississippi, Alabama.....
Most of the Republicans states have been being "bailed out" for the last 50+ years via trillions of dollars in tax outlays.
Now that Detroit is suffering, the Republicans are doing everything in their power to destroy them so they can blame liberal policies.
Spitfire of ATJ
(32,723 posts)silvershadow
(10,336 posts)Wall Street did. The financial sector did. The hedge fund guys did. And the NAFTA was the start of it all. NAFTA was a Republican idea, co-opted by third-way Democrats, which led to declining wages, union-busting (so, no unions at all were involved, in this particular crises.) The city of Detroit could make no assumptions was to what future Washington policy would be, never mind imagining that Washington would sell out the entire populace ongoing. No, I think Detroit is ground zero when it comes to our economic and trade policies. I would say it points out just how stupid our political leaders actually are. This is the best the United States of America has been able to produce over the last many decades now. Someone needs to stand up and say it- and we need to all get behind the City of Detroit in a big way. We need to figure out not only how to save the city, but we need to re-invent the city if that is what they want. Those people had absolutely no control over the stupidity of Washington. Washington creates messes that are years or decades in the making, and then the people responsible are no where to be found, blamed, or publicly flogged. *Also, that blonde shifted the central meme of her union comments from what would presumably be the private-sector unions in the auto industry conveniently to what I assume would be the unions covering city workers, and those unions had zero to do with the entirety of our national trade policies.
navarth
(5,927 posts)NAFTA in my opinion was not the start of it all. I've lived here in the Greater Detroit Area all my life, thank you, and I remember the trouble starting with the "Arab Oil Embargo". The automakers had been coasting on cheap oil for a long time, and those at the very top refused to see the handwriting on the wall (again this is just my opinion) and were terribly short-sighted. And these are the same assholes that started exporting the jobs to states that could offer cheaper labor (non-union poacher states) and so began the race to the bottom. Beyond that, we're now exporting the jobs right out of the country (this doesn't only reference Detroit auto jobs) where the fat cats can have what amounts to slave labor.
Capitalism is what happened to Detroit. And it is indeed ground zero. The canary in the coal mine. BUT I also believe that my city is the laboratory wherein a long-term solution to the question 'where do we go from here' will be answered.
silvershadow
(10,336 posts)about politics and the world. Sounds exactly right. Also I would like to note that I have stated here before that the jobs that were shipped to other states from the north to the south was as much about union-busting as anything, and while the wages were part of the issue, in reality it was more about union-busting with the added benefit of weakening and diluting the Democratic vote- some of the union members who were close to retirement and/or otherwise willing followed their jobs to Georgia, Texas, Kansas and elsewhere, including even to Mexico. I really hope our national leaders are able to take this surely one-time possible glint of a chance to really step in and help Detroit, whom I personally believe got shafted all the way around.
ErikJ
(6,335 posts)Portland Or got some federal grants to establish an Urban Renewal program called PDC. Its been very successful. They divided the run-down areas into 7 districts mostly inner Portland and a couple in outer Portland. The one nexd to downtown was a large area of old warehouses and derelict businesses and buildings with freight train tracks running through it. They renamed it the Pearl District and it is now one of the most trendy and upscale places in all of Portland with boutique shops, galleries, street cars and condos. It now generates so much property tax that they are now using it to fund other urbam renewal districts. The Pearl has won several Urban Planning awards and attracts urban planners from around the country to tour it.
stevenleser
(32,886 posts)stevenleser
(32,886 posts)ErikJ
(6,335 posts)I'll try to catch it if I can! If you have any questions just let me know.
stevenleser
(32,886 posts)You can also hear today's broadcast online at 5pm Eastern time, 2pm Pacific time at this link, note the show starts a few minutes after the start of the hour http://tunein.com/radio/KCAA-1050-s31934/
fascisthunter
(29,381 posts)and our constitutional rights. You are great on these shows.
sheshe2
(83,898 posts)Thank you for braving the lions den, for us!
kentuck
(111,110 posts)Keep the faith.
Response to stevenleser (Original post)
Douglas Carpenter This message was self-deleted by its author.
Jamaal510
(10,893 posts)but how is it a stand against our Constitution when they are 100% legal?
Douglas Carpenter
(20,226 posts)Corrupted courts once ruled that slaves were property and had to be returned to their owners. Corrupted courts ruled that states did not have to accept black students into their publicly supported schools and colleges. Corrupted courts once ruled that it was perfectly legal to lock up a presidential candidate for sixteen years because he peacefully protested a war. Corrupted courts ruled only in 1986 that states could jail people for being gay. So what corrupted courts say does not trump the Constitution
Amendment IV
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
B Stieg
(2,410 posts)Boy oh boy. The rule of law, the idea of contract--these principles sure get jettisoned fast when the bottom line is at stake.
Conservatism=shysterism
JNelson6563
(28,151 posts)Lint Head
(15,064 posts)Nothing was said about how their jobs were outsourced. The unions are not responsible for the collapse of Detroit. Auto manufacturing does not account for all of the city of Detroit's financial income. Taxes and fees that come from the "people" account for that income. The major corporations get a tax break and usually end up paying no taxes. Manufacturing, among other job types, has left many US cities giving the "people" of China, Pakistan, India and Mexico the money that Americans used to have. The GOP is directly responsible of the financial gutting of money power of the common man. All anyone has to do is look at any auto part and see the stamp that says "Made in Mexico" to know what has been going on for decades.
You still did a good job on the show.
stevenleser
(32,886 posts)the fact that these folks are people like firefighters and police.
Here are some other appearances where I have defended unions:
Defending rights of the CFPB to Organize
Playlist of a number of other appearances where I support Unions
&list=PL_Q3099tVFiId-gUZDuY1tQs1QQyzCVKF
Lint Head
(15,064 posts)CHOCOLATMIMOSA
(165 posts)SunSeeker
(51,697 posts)I can't believe those smiling bleach blonde monsters would just leave cops and fireman without the pensions they were promised for their dangerous work. What assholez.
Oh and yes, the federal government IS a good example--this DEMOCRATIC administration just cut the budget deficit in half.
Red Knight
(704 posts)Banks used other government money--money meant for small business loans--to repay on the debt. They used government money meant to spur investment and create jobs to pay for government money used to bail them out.
Not only that--all everyone talks about is TARP. That was far from all the lending going on.
What about the Fed bailout to the tune of 7.77 TRILLION dollars?
And we can't know what they really ever paid back to the Fed because, of course, that's secret.
http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html
She has a BS argument that it was the consumer's fault the the banks failed, that this bailout was such a success, and that the investment in GM was so terrible. THAT was an investment. THAT saved jobs. THAT prevented a domino effect from automakers to suppliers going out of business. A bankruptcy at that time would not have saved anything because banks were not loaning money.
Too big to fail survives.
Gambling continues.
We are at risk for this to happen all over again.
Republicans want personal responsibility, but only at the lowest financial levels.
I'm aware that both parties are responsible for the bailout but at least the Dems threw some crumbs to regular people, to save some jobs, and it's been estimated over a million were saved.
I'd rather invest in that.
Pretzel_Warrior
(8,361 posts)You presented your case well.