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News & Current Events Discuss Detroit is bankrupt. at the General Forum; “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on ...

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Old 07-18-2013, 08:55 PM
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Default Detroit is bankrupt.

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“We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way,” Obama said in his weekly address.
Obie on the campaign trail.

Obama Flashback: ‘We Refused to Let Detroit Go Bankrupt’ | Video | TheBlaze.com

flash forward to today?

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Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection.

Kevyn Orr, a bankruptcy expert, was hired by the state in March to lead Detroit out of a fiscal free-fall and made the filing Thursday in federal bankruptcy court.
UPDATE: Detroit Files for Largest Municipal Bankruptcy in U.S. History | TheBlaze.com

Well sh*t. Kind of like all the lefts visions of a future where reality never comes into play like universal healthcare, never ending welfare and nobody suffering as long as the rich can be stolen from Detroit has taken the final flush in the big liberal sh*tter.
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Old 07-18-2013, 09:04 PM
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Default Re: Detroit is bankrupt.

I guess the old stockholders wish they could have a do over and not be so greedy for instant gratification. Let the workers on the line and the managers' ideas go forward instead of milking a dinosaur for all it was worth.
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Old 07-18-2013, 09:17 PM
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Default Re: Detroit is bankrupt.

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Originally Posted by saltwn View Post
I guess the old stockholders wish they could have a do over and not be so greedy for instant gratification. Let the workers on the line and the managers' ideas go forward instead of milking a dinosaur for all it was worth.
Or vote people into office who didn't mismanage funds and run the city into the ground.
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Old 07-18-2013, 09:37 PM
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Default Re: Detroit is bankrupt.

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Originally Posted by Hairy Jello View Post
Or vote people into office who didn't mismanage funds and run the city into the ground.
As the auto industry went so went Detroit, didn't matter who rearranged the deck chairs, that ship was gonna sink.
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Old 07-18-2013, 10:38 PM
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Default Re: Detroit is bankrupt.

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Originally Posted by saltwn View Post
I guess the old stockholders wish they could have a do over and not be so greedy for instant gratification. Let the workers on the line and the managers' ideas go forward instead of milking a dinosaur for all it was worth.
The dems and the unions got what they inevitably would have to deal with and that's the people can't support your tax and give away system of government. Eventually you end up with only the takers on your side and nobody producing.

Your workers voted for this sh*t. Let them eat the sandwich they made.
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Old 07-19-2013, 12:35 AM
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Default Re: Detroit is bankrupt.

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Originally Posted by AzMike View Post
The dems and the unions got what they inevitably would have to deal with and that's the people can't support your tax and give away system of government. Eventually you end up with only the takers on your side and nobody producing.

Your workers voted for this sh*t. Let them eat the sandwich they made.
This country just wishes--WISHES those unions were full and Dems were in power again.

Wa'n't nothin' wrong with a BOOMING economy
no, Sir
not a thing.
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Old 07-19-2013, 03:57 AM
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Default Re: Detroit is bankrupt.

guess the UAW or AFL-CIO will bail them out!
Did enough milking,now give back some Cheese!
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So if Socialism is so great...why does it have to be mandated and forced on people?
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Old 07-19-2013, 05:29 AM
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Default Re: Detroit is bankrupt.

The democrats controlled the city for over forty years, if you like what you see happening in Detroit, you'll love what obama is doing to the country.
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Old 07-19-2013, 06:38 AM
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Default Re: Detroit is bankrupt.

Guess now the Feds will take over things,and bucit up beyond return!
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Old 07-19-2013, 08:53 AM
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Default Re: Detroit is bankrupt.

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Originally Posted by saltwn View Post
I guess the old stockholders wish they could have a do over and not be so greedy for instant gratification. Let the workers on the line and the managers' ideas go forward instead of milking a dinosaur for all it was worth.
I think that the number I heard on the news this morning was $6,000,000,000 in UNION pensions that was the tipping point.
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