Broke, Fed-Up Detroit Elects 'Turnaround Expert' Mayor

Broke, Fed-Up Detroit Elects 'Turnaround Expert' Mayor - newser.com

Excerpt from this article:

"The city is $18 billion in debt and awaiting the outcome of a historic bankruptcy filing."

Recommended reading (my post):

Should We Blame the UAW for Detroit?

Should We Blame the UAW for Detroit?

Detroit: Empire of Rust | National Review Online:

"The UAW's stranglehold turned one of America's most prosperous cities into a wasteland."

I'm not a fan of the UAW. Or the Teamsters. Or the UFCW. Or any Union, for that matter. But in the case of Detroit, I think the blame needs to be placed at the feet of the politicians who gutted America in the name of 'Free Trade.' For many years now our politicians have been exporting 'living wage jobs' overseas. And it will take more than singing Solidarity Forever! to bring those jobs back home!

Here is an excerpt from Patrick Buchanan's great book: The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy

"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.
"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America's greatest industry was shipped off to Japan...
"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...
"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas?  Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?" (Emphasis mine)

Recommended reading:

Recovery Woes: America's Second Largest Employer is a Temp Agency
Only 47% of Americans Have Full Time Jobs

Michael Moore Tweet: Don't Cry For Us America: You're Next!

Michelle Malkin | Heh: Guy who wants entire country run like Detroit RIPs Motown, warns America:

"Most likely, Moore will (if he hasn’t already) join Robert Reich in blaming corporate America and evil capitalism (::spit take::) for Detroit’s demise instead of the fact that the city has been a Petri dish of the very policies Moore wants to roll out nationally for decades."

Recommended reading:

Explaining the Obama Ecomomy to Sixth Graders
The $17 trillion Dollar Party

If Your Outgo Exdeeds Your Income, Your Upkeep Will Be Your Downfall

Detroit Defaults: Tells Creditors They'll Have to Accept Pennies on the Dollar

Detroit Tells Creditors They'll Have to Accept Pennies on the Dollar:

"In 2009, as the Obama administration pressed through its version of the auto bailout, creditors of companies like General Motors were squeezed into accepting repayments of just pennies on the dollar. The deal was supposed to save Detroit. Instead, creditors of the city of Detroit itself will now be handed pennies on the dollar."

Here is a great excerpt from Patrick Buchanan's book:  The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy

"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.

"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...

"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...

"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...

"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas?  Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?" (Emphasis mine)

Detroit's Financial Crisis Deepens

For Detroit, A Crisis Born of Bad Decisions and Crossed Fingers - The New York Times

Excerpt:

"This city was already sinking under hundreds of millions of dollars in bills that it could not pay when a municipal auditor brought in a veteran financial consultant to dig through the books. A seasoned turnaround man and former actuary with Ford Motor Co., he was stunned by what he found: an additional $7.2 billion in retiree health costs that had never been reported, or even tallied up."

If you havn't had a chance to Read Patrick Buchanan's great book, The Great Betrayal - How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy, why don't you pick up a copy today at your local library? And if you live in Detroit, this book is a must read! Here is a short excerpt:

"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.

"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...

"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...

"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...

"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas?  Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?"


 Other recommeded reading (My posts/reposts):

 When Your Outgo Exceeds Your Income, Your Upkeep Will Be Your Downfall

Detroit City Leaders Upset about State Takeover

Opinions Mixed As State Takeover Looms In Detroit « CBS Detroit:

Here is some light reading for the residents of Detroit:

"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.

"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...

"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...

"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...

"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas?  Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?"

"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.

"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...

"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...

"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...

"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas?  Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?"

-Excerpt from The Great Betrayal - How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy, by Patrick Buchanan


Very Strongly recommended reading:


The Great Betrayal - How American Sovereignty and Social Justice Are Being Sacrificed to the Gods of the Global Economy, by Patrick Buchanan

Why Would Anyone Want to Live in Texas?

[Governor] Rick Perry: "My State is So in the Black I Must Ask For Emergency Power to Return People's Money to Them - Ace of Spades HQ
 
Of course, if you don't like Texas, you could always move to Detroit!

Detroit Bankruptcy: City 'Teetering on the Edge of Financial Crisis' - Christian Science Monitor


Recommended reading (my post):

If Your Outgo Exceeds Your Income Your Upkeep Will Be Your Downfall

State Senator Proposes Dissolving City Of Detroit

State Senator Proposes Dissolving City Of Detroit « CBS Detroit:

If you don't live in Detroit, this story may not even catch your attention. But if you live in America, it really should. To find out why Detroit is dying, Read The Great Betrayal - How American Sovereignty and Social Justice are Being Sacrificed to the Gods of the Global Economy, by Patrick Buchanan:

Excerpt from this book:

"No site better captures yesterday's America than Detroit, forge and furnace of America's democracy. Detroit is the burned out case of American cities. The Empire of the Sun has its revenge. Japanese imports helped kill the city that built the weapons that destroyed the empire. Now grandsons of the soldiers of the imperial army work at high paying manufacturing jobs once held by the fathers of ten-dollar-an-hour retail clerks in Macomb County.

"But why blame the Japanese? We did it to ourselves. We Americans created a post war trading regime, in which, over 25 years, Japan bought 400,000 American cars while selling us 40 million Japanese cars, a ratio of 100:1. One president after another sat still while a third of America'a greatest industry was shipped off to Japan...

"Americans no longer make their own cameras, shoes, radios, TVs, toys. A fifth of our steal, a third of our autos, half our machine tools, and two-thirds of our textiles are made abroad...

"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages have fallen and the standard of living of American families has stagnated because of a basic law: the law of supply and demand. The price of labor has been dropping because the supply of labor has exploded...

"Having declared free trade and open borders to be American policy, why are we surprised that corporate executives padlocked their plants in the Rust Belt and moved over seas?  Why keep your plants here when you can manufacture at a fraction of the cost abroad, ship your goods back, and pocket the windfall profits that come from firing $20 an hour Americans and hiring fifty-cent-an-hour Asians? A pair of Nikes that sells for $150 in the United States costs $5 in wages to make in Indonesia. Any wonder that Nike president Philip Knight is the fifth richest man in America, with $5.2 billion, while his Indonesian workers make 31 cents an hour?"

Enter At Your Own Risk: Police Union Says ‘War-Like’ Detroit Is Unsafe For Visitors

Enter At Your Own Risk: Police Union Says ‘War-Like’ Detroit Is Unsafe For Visitors « CBS Detroit:

Where is Giuliani When We Need him? See Rudolph Giuliani's blog: The Rudy Report - Crime Reduction