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Detroit bankruptcy

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, Jul 18, 2013.

  1. Caltex2

    Caltex2 Member

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    That's the case with most cities, the whites run off to the suburbs but gentrification is bringing people back in, especially with the rising cost of gas.

    I actually heard they're trying to revive Detroit in Downtown.
     
  2. ling ling

    ling ling Member

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    So... you are saying, GM and Chrysler did not go bankrupt?
     
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  3. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    I don't think there is any reason for it to turn around.
     
  4. Major

    Major Member

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    :confused: Where on earth did you get that? Do you even have any clue of the context of the statements being referred to? Or are you a tallanvor type that wants to simply score political points by taking things out of context and saying "OOOH LOOK GOTCHA!!!" :confused:
     
  5. Refman

    Refman Contributing Member

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    The GM bankruptcy was...interesting. It was structured differently from any other bankruptcy filed under the present bankruptcy code. If GM was not able to structure the plan the way they did, it would have resulted in a conversion from a reorganization to a liquidation.
     
  6. Commodore

    Commodore Contributing Member

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    <iframe width="560" height="315" src="//www.youtube.com/embed/l4ZQooPHHAA" frameborder="0" allowfullscreen></iframe>
     
  7. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    I think you two have just proven why D&D is in such a sad state. Wow, it's incredible the level of ignorance you demonstrate here.

    Now, what's scary here is that this dude makes C&T above look like geniuses. It's interesting to see how people like to use one example of a city which has problems as a template for all evil in the world.

    Of course, it's much easier then scratching beneath the surface and addressing the truth - which is that Detroit has lost over a million people from its city making it impossible for it to support all the services it had built up during its heydey across a massive land area.
     
  8. Commodore

    Commodore Contributing Member

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    The Mean Girl tactics you demonstrate here is why the D&D is not in a better state.

    Detroit is the canary in the coal mine. States like Illinois will be next.

    “When you see that in order to produce, you need to obtain permission
    from men who produce nothing; when you see that money is flowing to
    those who deal, not in goods, but in favors; when you see that men get
    rich more easily by graft than by work, and your laws no longer protect
    you against them, but protect them against you... you may know that your
    society [Detroit] is doomed.”
    -Ayn Rand
     
  9. bigtexxx

    bigtexxx Contributing Member

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    hahahaha not even a year later.

    #madeinObama'sAmerica
     
  10. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    Dude, when you post stuff totally out of context, you should own up and say "oops" at least.

    This country has problems, not because of liberal policies but because of a right wing that cares more about opposing and resisting and helping the rich stay rich rather than building a strong foundation to a nation.

    The lack of investment in solving our educational, infrastructure, energy, and keeping us as a leader in technology is what will make us fail as a country - the 4 things you conservatives love to blow apart to save a millionaire a buck.
     
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  11. Major

    Major Member

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    Really? You don't think there's a problem with taking a quote completely out of context and assigning it a different meaning to try to score political points? You think that contributes to an educated, interesting debate or discussion? :confused:
     
  12. Commodore

    Commodore Contributing Member

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    actually that was Obama ascribing something to Romney he never said (it was a headline chosen by the NYT for an article Romney wrote)

    this would be more like karma
     
  13. Northside Storm

    Northside Storm Contributing Member

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    :rolleyes:

    and this is why Sweden, Austria, Canada, and Norway tick on with better governance and better HDIs.

    I don't exactly see why you like the banking sector, but hate Elon Musk based on this quote though---methinks banksters fit your perfect definition of parasites? as opposed to union folks who produce tangible goods?

    Detroit was sunk by being overdependant on a dying industry. It speaks to the need of the modern city to embrace different new technologies, new ways of thinking, and the support needed to build up entire cities. Cities should be looking forward---building clean energy infrastructure, Internet of Things applications, and encouraging disruptive technology that will give consumers the power to communicate and produce en masse themselves (3D printing), and improve their lives through taking the potential of big data, and harnassing it (individual genomics). This will require both private risk-taking---and public-private collaboration. Don't let a skeleton of a city that never thought this through in the first place disabuse anyone of that notion.
     
  14. Commodore

    Commodore Contributing Member

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    I am pro-free enterprise. Elon Musk is certainly not that. Most banks are not either, but banking itself is necessary and valuable when it operates under free market rules (no socialization of risk, bailouts, artificial interest rates).

    just say no to central planners and giving power over us to utopian visionaries like NS
     
  15. bingsha10

    bingsha10 Member

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    The auto industry is a dying industry? Or maybe it all just left.

    Cities can't decide what gets made no matter how hard they try. They can only create environments that are attractive for industry to come.
     
  16. treeman

    treeman Member

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    So we can blame Detroit's bankruptcy on "a right wing that cares more about opposing and resisting and helping the rich stay rich rather than building a strong foundation to a nation"? Okay. :rolleyes:

    Or maybe perhaps it had something to do with the hold over the government's finances that unions had until recently? Or maybe the failure of the auto industry - again, caused primarily by unions - had something to do with it? Detriot is a SHINING EXAMPLE of liberal policy run amok, and what will result from its full implementation. If you think the right had ANYTHING AT ALL to do with Detroit's situation you are absolutely loony, they have been out of power there for decades. Even the Republicans, who have held some statewide offices, are anything but "right wing", they are country club Republicans closer to the New York variety than the Texas variety. Detroit itself has been under the control of the Democratic party since 1922. It is the poster boy for liberal policy and politics at work.
     
  17. Northside Storm

    Northside Storm Contributing Member

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    which is ironic, see because Elon co-founded Paypal, which is basically the epitome of free-market payment transfers without relying on central planners or banksters, or scallops of government regulation---

    i get where you're coming from though dude. The guy who helped create the set of ventures that helped spawn billions and revitalized private markets and bourses is not free market because he uses grants to help him achieve a social goal on top of creating mad piles of cash. this is unexcusable, because you worship an old woman who derided everybody as parasites, then took government benefits to her grave cause free market cats have to eat too.

    the irony of this statement is that it betrays a deep misunderstanding of web 2.0 and new technologies that seek to place mass mediums of communication and production to more decentralized hubs of people---an innovation that has the potential to completely reshape the traditional divide between consumer and producer surplus, and wean people off of traditional governance systems to meet their needs.

    but yeah, boo central planning because---i don't know. it's...CENTRAL
     
  18. Northside Storm

    Northside Storm Contributing Member

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    the most attractive environments can be created through tax incentives, making rules that make sense, striking down rules that don't, and placing the education, and health of human beings on the top of the priority list.

    being friendly to all (including malinged groups like homosexuals), and welcoming immigration with welcome arms, and supporting social progress with money and time help too.

    i mean that is if you want to attract intelligent people who actually create and execute great ideas rather than running sausage mills of money for no good reason.
     
  19. otis thorpe

    otis thorpe Member

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    Lord have mercy does everything have to be so partisan? This is plain and simply the result of a town leaning on the auto industry. the companies may have been revitalized but the jobs arent coming back. a shrinking tax base people have to leave one of the most rapid population declines in this country
     
  20. otis thorpe

    otis thorpe Member

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    I understand i think detroit would be willing to deal . but there is a reason people want to move south that employers realiue an detroit cant change weather
     

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