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He doesn't pick the winners and losers, he just picks the losers

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gone:
http://washingtonexaminer.com/flashback-obama-2012-we-refused-to-let-detroit-go-bankrupt/article/2533249


"I refused to let Detroit go bankrupt"





gone:

Morgan:

--- Quote from: caradoc on July 19, 2013, 06:27:20 PM ---http://washingtonexaminer.com/flashback-obama-2012-we-refused-to-let-detroit-go-bankrupt/article/2533249


"I refused to let Detroit go bankrupt"


--- End quote ---

He was talking about the auto industry, you neanderthal.

dbucfan:

--- Quote from: Morgan on July 19, 2013, 06:30:46 PM ---
--- Quote from: caradoc on July 19, 2013, 06:27:20 PM ---http://washingtonexaminer.com/flashback-obama-2012-we-refused-to-let-detroit-go-bankrupt/article/2533249


"I refused to let Detroit go bankrupt"


--- End quote ---

He was talking about the auto industry, you neanderthal.

--- End quote ---
Ummm - no, he wasn't.  He was opining (unless he was out and out prevaricating) that the auto industry's return to health would carry the city of Detroit back from the brink of bankruptcy. 

The Anti-Java:
I have been there numerous times. Its scary.  Like a ghost town.   If you have a little money, no problem, pack up and go elsewhere.  But the really poor people don't have that option.

All the poor kids are into sports, big time.  They figure that is their only way out of there.  But unfortunately, of all the thousands of prospects that live there, At best, one or two will make the pros.

captainjimbo:

--- Quote from: The Anti-Java on July 19, 2013, 09:39:49 PM ---I have been there numerous times. Its scary.  Like a ghost town.   If you have a little money, no problem, pack up and go elsewhere.  But the really poor people don't have that option.

All the poor kids are into sports, big time.  They figure that is their only way out of there.  But unfortunately, of all the thousands of prospects that live there, At best, one or two will make the pros.

--- End quote ---
I'd rather be poor somewhere nice then in a **CENSORED** hole.  I'd find a way to move.

gone:
http://washingtonexaminer.com/without-big-changes-detroit-wont-have-a-second-act/article/2533247

"I once thought that there were no second acts in American lives, but there was certainly to be a second act to New York's boom days," F. Scott Fitzgerald once wrote. It's a good thing he wasn't talking about Detroit.

Until the city's politicos treat its humble entrepreneurs with the same respect they show big investors, Motown's second act will never arrive.

Detroit just became the biggest city to file for bankruptcy in America.

Many people are hoping that bankruptcy, the largest of its kind on U.S. soil, will give Detroit another chance. But that'll remain wishful thinking until Detroit reverses its backward economic strategy.

Every mayor for the last two decades has tried to jump-start Detroit by reviving its crumbling downtown. In the 1990s, Dennis Archer erected stadiums and casinos. His successor, Kwame Kilpatrick (now serving time on federal extortion and racketeering charges) hosted mega-events.
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The current mayor, Dave Bing, has been too bogged down in Detroit's fiscal quagmire to propose anything grand. But a group of rich investors led by Dan Gilbert, owner of Quicken Loans, is spearheading a massive effort to bring businesses, hotels and residents into the city.

Gilbert has pumped close to $1 billion to relocate his headquarters in Detroit and scoop up real estate for stores, hotels and apartment buildings. Whole Foods recently followed suit as did Moosejaw, a retailer for outdoor apparel.

But these ventures have been seduced by massive subsidies. Whole Foods' local partner received $5.8 million in state and local grants as well as sizable tax credits. Still, the business editor of Forbes declared two years ago that, thanks to Gilbert, green shoots were beginning to sprout in Detroit.

Since then, however, things have only gotten worse as more residents have fled and city services have deteriorated. Why? Because these shoots were Astroturf, not a spontaneous response to actual need. Worse, they were a wealth transfer from the average taxpayers to the rich who patronize these high-end stores.

Indeed, even as Forbes was praising Detroit's artificial green shoots, city regulations were busy nipping the real ones like Pink FlamInGo, a Latin-fusion food vendor responding to real market demand.

These regulations barred street vendors from selling any hot fare except hotdogs (but without sauerkraut) and that only in 16 approved locations. Pink FlamInGo built a roaring business by ignoring these rules — until the city shut it down.

The stink Pink FlamInGo raised forced the city eventually to reform its regulations. Even now, however, food trucks are required to maintain a 500-foot distance from restaurants and close before 11 p.m.

But this year Bing made Pink FlamInGo-style harassment his official policy by launching Operation Compliance.

The program seeks to cure the city's blight by shutting Detroit's 1,500 "illegal" businesses — tire shops operating from backyards, second-hand appliance stores perched in abandoned warehouses — if they fail to comply with city regulations. But worrying about blight in a city fast returning to the wild is insanity.

Moreover, noted University of Buffalo's urban studies professor Henry Louis Taylor to Black Detroit, a local magazine, these establishments might constitute only about 10 percent of the city's businesses — but they serve about 70 percent of residents.

A few of them might pose genuine public health issues. But the vast majority are being cited for technical violations like not having the proper zoning clearances or licenses or being behind on their taxes.

So a mayor who pleads he doesn't have the resources to provide street lights to half the city or arrange timely trash pickup or control Detroit's soaring murder rate nevertheless somehow has enough inspectors to unleash on poor residents trying to eke out a living.

"They're all worried about what's going on in the front of our stores," fumed a business owner who found puppy-sized rats in her back alley. "But the city needs to maintain its own business by keeping the public streets safe and clean."

Amen!

A city that showers subsidies on well-connected businesses while thwarting individual entrepreneurs and ignoring basic services is writing its obituary — not its second act.

Biggs3535:

--- Quote from: caradoc on July 19, 2013, 06:27:55 PM ---

--- End quote ---

It's funny, because it's true.

CalcuttaRain:

--- Quote from: dbucfan on July 19, 2013, 07:45:24 PM ---
--- Quote from: Morgan on July 19, 2013, 06:30:46 PM ---
--- Quote from: caradoc on July 19, 2013, 06:27:20 PM ---http://washingtonexaminer.com/flashback-obama-2012-we-refused-to-let-detroit-go-bankrupt/article/2533249


"I refused to let Detroit go bankrupt"


--- End quote ---

He was talking about the auto industry, you neanderthal.

--- End quote ---
Ummm - no, he wasn't.  He was opining (unless he was out and out prevaricating) that the auto industry's return to health would carry the city of Detroit back from the brink of bankruptcy.

--- End quote ---

Not so sure about that^^^

Obama's comment in 2012 is a direct shot at Romney's op-ed piece, which was about the auto industry not the city.  Romney used the word "Detroit" as a  reference to the auto makers, not the city:

http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=0

"let Detroit go bankrupt" is an op-ed piece about automakers, not the city.  Obama's comment is a shot at the comment by Romney that is why he references American workers and ingenuity and the bailout:

“[W]e refused to throw in the towel and do nothing,” Obama said. “We refused to let Detroit go bankrupt, I bet on American workers, and American ingenuity and three years later that bet is paying off in a big way.

dbucfan:
I am familiar with the speech - the target being the auto industry - and the implication that he would return the region to financial health - as I noted above. 

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