Detroit first to fall
Bushwhacker

Seattle, WA

#31 Jul 23, 2013
Sorry about your corvair clunker, clueless.....
Bushwhacker

Seattle, WA

#32 Jul 23, 2013
Sorry about your corvair clunker, clockless....
Scooby Slew

Saint Paul, MN

#36 Jul 25, 2013
Detroit's fiscal nightmare has traveled in slow motion, like a vise being tightened one turn each year. Motor City's dreadful balance sheet, poverty, high crime rate, and blight of abandoned housing was in full view in 2009, when current Mayor Dave Bing won election. Bing has no say in the bankruptcy matters and will not seek reelection, overwhelmed by his city's intractable woes.


But Obama's 2011 speech described a Detroit that can only be described as a myth wrapped in a wish inside a dream.


"This is a city that's been to heck and back," Obama said. "And while there are still a lot of challenges here, I see a city that's coming back."


Obama referenced "tough choices" made to bail out GM and Fiat-Chrysler and also hailed the birth of a new wave of high-tech employment. "We said American workers could manufacture the best products in the world. So we invested in high-tech manufacturing and we invested in clean energy," he said. "And right now, there's an advanced-battery industry taking root here in Michigan that barely existed before."


The biggest factory in this supposed new trend, Massachusetts-based A123 Systems, had plans to employ 5,900 workers nationwide to build lithium-ion batteries. In Detroit, A123 Systems never employed more than 1,000. The Energy Department awarded A123 Systems a $249 million grant to boost production. It filed for bankruptcy in 2012 and was still receiving DOE largesse. A judge approved the bankruptcy in 2013.


In other words, the Detroit-area advanced-battery industry Obama said "barely existed before" his 2011 speech now ... barely exists.
Bushwhacker

Seattle, WA

#37 Jul 25, 2013
In other words, Bush left a mess & wasn't invited to the RNC, because he's TOXIC ?
ist

Minneapolis, MN

#39 Jul 26, 2013
Interesting how the media dropped coverage of the Detroit disaster when the world learned more about how liberalism was the cause.
Scooby Slew

Saint Paul, MN

#42 Jul 26, 2013
Obama referenced "tough choices" made to bail out GM and Fiat-Chrysler and also hailed the birth of a new wave of high-tech employment. "We said American workers could manufacture the best products in the world. So we invested in high-tech manufacturing and we invested in clean energy," he said. "And right now, there's an advanced-battery industry taking root here in Michigan that barely existed before."

The biggest factory in this supposed new trend, Massachusetts-based A123 Systems, had plans to employ 5,900 workers nationwide to build lithium-ion batteries. In Detroit, A123 Systems never employed more than 1,000. The Energy Department awarded A123 Systems a $249 million grant to boost production. It filed for bankruptcy in 2012 and was still receiving DOE largesse. A judge approved the bankruptcy in 2013.

In other words, the Detroit-area advanced-battery industry Obama said "barely existed before" his 2011 speech now ... barely exists.
Scooby Slew

Saint Paul, MN

#44 Jul 27, 2013
So we invested in high-tech manufacturing and we invested in clean energy," he said. "And right now, there's an advanced-battery industry taking root here in Michigan that barely existed before."

The biggest factory in this supposed new trend, Massachusetts-based A123 Systems, had plans to employ 5,900 workers nationwide to build lithium-ion batteries. In Detroit, A123 Systems never employed more than 1,000. The Energy Department awarded A123 Systems a $249 million grant to boost production. It filed for bankruptcy in 2012 and was still receiving DOE largesse. A judge approved the bankruptcy in 2013.
Grim TRUTH

Seattle, WA

#45 Jul 27, 2013
Ohhhhh ?

A factory failed & your pretending THAT'S A FIRST ???

Guess, Enron ever happened, ALONG with 911.
Bushwhacker

Seattle, WA

#47 Jul 27, 2013
Pretty sad, YOU HATE AMERICAN JOBS/WORKERS !
It's interesting you're so against helping fellow Americans, but you're all for blaming the working men & women at the bottom ???
Did Mittiot offer you a pony ride, TAX SUBSIDIZED of course....
ist

Minneapolis, MN

#48 Jul 27, 2013
No it sounds like we are blaming the idiotic 'progressives' that promised unfunded pensions the books could never cover. But that is just one of many problems caused by liberalism in Detroit.
Bushwhacker

Seattle, WA

#49 Jul 27, 2013
Who took the pension money ?? Certainly NOT the blameless/broke workers, right ???

Oh oh, we have a Mittiot....

I guess, you call the fired CEO a prog, huh ?

Yeah, you're WRONG A LOT.

Liberalism underfunded their own pensions, THEN gave the money to bush to start a war of DECEIT ???

You're broke, dumb, and wanna blame someone...

Let me guess, the pony ride didn't happen ???

"Man", don't bogart that joint. LMAOROFU~!
goose

La Grange, IL

#50 Jul 27, 2013
ist wrote:
No it sounds like we are blaming the idiotic 'progressives' that promised unfunded pensions the books could never cover. But that is just one of many problems caused by liberalism in Detroit.
Liberals have never been good at math. Detroit is a prime example of that.
Bushwhacker

Seattle, WA

#51 Jul 27, 2013
The Romneys gave $100 million to their sons and paid not one penny of gift tax...

Now, take a guess where ALL that money came from ???

I'll give you a clue, ME & YOU !!!
Bushwhacker

Seattle, WA

#52 Jul 27, 2013
Consewertatives sure like game playing & this board is a prime example of it.

Detroit is having a tough time, good thing we're the UNITED STATES OF AMERICA, so we can pitch in....

just like during any disaster....

Was your intentions, since the Constitution was for the whole UNITED STATES...
Bushwhacker

Seattle, WA

#53 Jul 27, 2013
ist wrote:
No it sounds like we are blaming the idiotic 'progressives' that promised unfunded pensions the books could never cover. But that is just one of many problems caused by liberalism in Detroit.
After 32 years at GM, Wagoner retired with an exit package of over $10 million:$1.65 million in benefits per year for his first five years of retirement,$74,030 per year pension for the rest of his life, and a $2.6 million dollar life insurance policy that can be cashed out at any time.

THIS IS UNFUNDED ???

“We have 545 traitors.”

Since: May 11

Parts Unknown

#55 Jul 27, 2013
Bushwhacker wrote:
<quoted text>After 32 years at GM, Wagoner retired with an exit package of over $10 million:$1.65 million in benefits per year for his first five years of retirement,$74,030 per year pension for the rest of his life, and a $2.6 million dollar life insurance policy that can be cashed out at any time.
THIS IS UNFUNDED ???
Child. General Motors is a private company, not the entire city of Detroit. Private companies fund their pensions, if they are stupid enough to even offer them, however they want to. City departments are buried in unfunded pensions, meaning nothing has been put aside for or contributed by the recipient. Detroit is a victim of its own bloated system, not just GM.
Bushwhacker

Seattle, WA

#56 Jul 27, 2013
After 32 years at GM, Wagoner retired with an exit package of over $10 million:$1.65 million in benefits per year for his first five years of retirement,$74,030 per year pension for the rest of his life, and a $2.6 million dollar life insurance policy that can be cashed out at any time.

THIS IS UNFUNDED ???

You hate pensions ??? WOW ! Guess, you like death panels, right ?
Bushwhacker

Seattle, WA

#57 Jul 27, 2013
Detroit paid taxes that supported the other parts of the country for years. As good Americans we're all in this together. Poor teabaggers are obvious bad Americans and treasonous twits...

Pretty sad, YOU HATE AMERICAN JOBS/WORKERS !
It's interesting you're so against helping fellow Americans, but you're all for blaming the working men & women at the bottom ???
Did Mittiot offer you a pony ride, TAX SUBSIDIZED of course....
ist

Maple Grove, MN

#59 Jul 28, 2013
Why should city pensioners get a free ride for life, after being paid too high a wage to begin with, working 30 minutes everyday, never contributing to their own retirement funds and racking up higher and higher debts for the city every year??

They should have been co-funding their own pensions for decades. Instead, the city is in ruin.

“We have 545 traitors.”

Since: May 11

Parts Unknown

#60 Jul 29, 2013
Exactly. I say cut all the pensions and privatize all departments. Make civil service an option for non-dangerous felons and make them work on fixing roads and maintaining buildings instead of sitting and watching cable TV all day in a cell.

There are hundreds of better ideas than bankrupting a city to pay retirees for life.

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