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HelicopterOff Topics News & Politics › Detroit-Why Hasn't odumbo Addressed The Issue?
07-30-2013 03:09 AM  4 years agoPost 1
pctomlin

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Texas

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Does President Obama dare take the latest version of his revive-the economy-and-boost-the-middle-class speech to the poster city for the bankruptcy of his ideas: Detroit?
Don’t bet on it. 
You don’t hear the president talking about Detroit. Maybe the reason Detroit is bankrupt today is because for decades it was governed, in large part, by the Obama playbook: Soak the rich, choke small businesses, and squeeze the middle class with high taxes (in the case of Detroit that included sky high property, commercial and industrial taxes). 
Out of control taxing and spending by government in Detroit was one reason a staggering 25 percent of the city’s population moved out between 2000 and 2010. 
A study by the Lincoln Institute of Land Policy in 2011 found that Detroit had the highest property taxes among the 50 largest U.S. cities on homes, apartment buildings, commercial buildings, and industrial buildings.
Yet President Obama keeps saying that he wants to tax the wealthy and businesses much more across the country to redistribute income to the middle class, the poor, and government. 
Detroit tried that (with most of the money going down the government spending rat hole instead of to its citizens).
Maybe the reason Detroit is bankrupt is because for decades it was governed, in large part, by the Obama playbook.
Detroit stands as an extreme example of how an Obama tax system of  “spreading the wealth” (actually, confiscating it) inevitably means that since there is not enough rich and business people’s money to create a utopia of income equality -- government must inevitably tax middle income people, too. 
Worse, most of the money ends up in government’s coffers where it gets misspent and siphoned to special interests—instead of in the pockets of citizens whose spending and investing stimulates economic and job growth.   
Here's how that works: Insure that unions and government workers get generous pension, health and other benefit packages that government can’t fund, long-term, in exchange for their votes and political activism. 
According to the Cato Institute’s Michael Tanner, “Fully 99.6% of [Detroit’s] retiree health-care liabilities are unfunded” and…“unfunded obligations account for $9.2 billion of Detroit’s $18 billion debt.”
Shortly before President Obama delivered his nearly 8,000-word “economic success” speech at Knox College in Galesburg, Illinois last week (without once mentioning the word “Detroit”) Moody’s downgraded the credit rating of Obama’s home city of Chicago, Illinois by three notches. This was largely because Moody’s calculated Chicago’s unfunded liabilities at $36-billion—nearly double of what the Windy City reported.
Looking at other cities across the country, Moody’s estimates that cities are using accounting gimmicks to disguise their true unfunded government pension liabilities, which Moody’s says are three times as bad as those cities are reporting. But if President Obama would dare to talk about this in Detroit (or in Chicago, for that matter), he would alienate unions and government workers who are among his biggest backers.
Instead, government officials strive to sell the power of big government to be the savior when it comes to major economic and social problems. 
Detroit’s mayors over the past 30 years tried various forms of government intervention to invigorate the city but clearly that failed. As Steve Malanga recently wrote in The Wall Street Journal, as early as the 1970’s, when Coleman Young was Detroit’s mayor, “the increasingly distressed city became a fiscal ward of the state and federal governments…by the late 1970s federal grants paid the salaries of up to one-third of Detroit's workforce.” 
As Detroit continued to demonstrate over the years, government bailouts only forestall problems that only responsible individuals must solve.
Mr. Obama did dare to speak of his economic vision in Detroit, in 2007, just a few months after he declared his first bid for the presidency. 
At the Detroit Economic Club, Obama said, “I believe in America's great cities. I believe in America's great Midwestern cities. We have not had an urban agenda over the last six years. We need to restore an urban agenda.” 
He cited as his top priorities: education, “innovative ways that the federal government can spark economic development,” and then touched on the topics of affordable housing and jobs. 
Obama added that, “Obviously, the marketplace is the best engine of job growth.”
In the six years since Obama spoke those words—and six months into his second term as president—President Obama is still campaigning as if big government can fix major economic and social problems in all the areas he cited as his priorities when he spoke at the Detroit Economic Club.
But the Obama administration’s role in bailing out Detroit’s auto industry didn’t “save Detroit”—certainly not the city. 
While Obama pushes for even more big government taxing and spending, here’s what we see:
-  Failed schools, especially in the minority neighborhoods of big cities. 
- Real GDP growth that is limping along at barely over one percent. 
- When it comes to affordable housing and job growth, Obama is long on claiming credit and short on producing results.     
While the Obama playbook continues to play out in Detroit and elsewhere, the president continues to speak as if he and his administration are on the right track. 
If the president ever does dare to speak in Detroit, expect from him what he accuses his critics of: “an endless parade of distractions, political posturing and phony scandals.”

Idiot can't, Detroit is the poster child for obamanomics. All you LIVs who haven't received all you were promised for a vote will soon have nothing when odumbo runs out of other peoples money just like Detroit. Can't argue with the facts soon to be reality.

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07-30-2013 03:40 AM  4 years agoPost 2
Noobyflyer

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Clearwater, FL

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What issue?

He's working over time on improving the economy for all Americans. Growing it from the middle class out.

Well, as soon as he gets back from vacationing in the mansion.

We'll be here waiting with our ramen noodles for your expertise when you get back sir. We know how hard you work and you deserve a 32nd vacation in 5 years.

I HAVEN'T HAD A FRIGGING VACATION IN 4 YEARS!!!!

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07-30-2013 03:45 AM  4 years agoPost 3
baby uh1

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St. James, Mo.

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He has to allow time for the liberal spin machine to try to make us believe that somehow after decades of democrat rule, it's all the fault of the republicans.
You know, the big lie.

Anything is possible if you don't know what you are talking about!

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07-30-2013 03:53 AM  4 years agoPost 4
drdot

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So. California, Orange County.

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fwiw..

Awwwwww...This is an easy one...Why?....There are no voters left in Detroit....No use campaigning there.......

BC

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07-30-2013 03:56 AM  4 years agoPost 5
pctomlin

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Texas

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Breaking news!!! This is a made up bankruptcy, nothing to see here.

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07-30-2013 04:01 AM  4 years agoPost 6
johnmemphis

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memphis,tn

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Why?

No need to, Detroit policy works.
No repubes live in Detroit
No repube will ever live in Detroit again

Now, just make the rest of the USA just like Detroit and the Dems are in power forever

Flood in the heroin and crack, start a race war and let it all burn

.

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07-30-2013 04:26 AM  4 years agoPost 7
GREYEAGLE

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Flat Land's

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Finially : The Why's - Congrates and Kudo's all that goes with it a : Thinker

Why would their be repetitive NATIONAL Advertizements : From many Avenues : on National T.V. " Maybe $ 150,000.00 a pop, for 30 second's all day long --- Non -Stop : In Sales Spin - Listen to the Pitch = PLEASE

To invest your electronic decimal point's in nothing more than a physical commodity ???

To Pull Down the Float - Or known as the Draw ??? to the Citizen

What are you being re- issued ????

Then focus on PLASTIC That Pitch --------- Please

Is IT a Make Believe -Phony Scandal ???????

greyeagle

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07-30-2013 05:07 AM  4 years agoPost 8
Dennis (RIP)

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Oregon

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07-30-2013 07:07 AM  4 years agoPost 9
nitro fun

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Oc ca

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detroit should have scrappers come in and strip everything bury the rubble, have the greenies come in and plant trees, then make it a national park.

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07-30-2013 07:25 AM  4 years agoPost 10
Dennis (RIP)

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Oregon

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detroit should have scrappers come in and strip everything bury the rubble, have the greenies come in and plant trees, then make it a national park.
That won't do it because they will have the same city government other than critical city services.

They just need to get the feds to go into these cities like this, shut down their governments, their city government offices and confiscate all city records to be reviewed by an independent panel. Close all city official personal accounts until they can be reviewed for graft and bribes. That should include all public union leadership and any private contractors taking city contracts for any building, garbage pick up, and road building, bridge building and repair, etc.

Once investigation is complete and the culprits had a grand jury review their cases, get them into court and convict the SOB's.

Make it public for the entire world to see. Make it stick and then have special elections for a new city government after shutting down all public employee unions and no longer allow them to exist in city government throughout the entire USA including all aspects of the federal government.

THAT is called leadership.

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07-30-2013 09:24 AM  4 years agoPost 11
2low

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elkview,WV

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I love how the press just sweeps all the mess he makes under the rug and we the tax payers are stuck financing his blunders. The press makes me sick to my stomach.

Got to have my cup of heli in the morning.

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07-30-2013 09:47 PM  4 years agoPost 12
GREYEAGLE

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Flat Land's

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Prime Shining Example of the Failure of Socialism : It Run's Out

The after math is the evidence, sadly - their are numerous bankrupt cities, communities and whole states across the Nation.

The Welfare, The Entitlement, The Benevolence of a Judea Christian Nation is exhausted. The taker's out numbered the makers.

DETROIT

The Giving is what attracted those in need - till it was all gone.

Expect our population to double - The 1/2 Job or 1/2 Economy and even mountain's of debt to support the benevolence.

We earned what's coming.

greyeagle

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HelicopterOff Topics News & Politics › Detroit-Why Hasn't odumbo Addressed The Issue?
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