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How Cronyism and Corruption Brought Down Detroit

hypocritexposer

Well-known member
FULL DOCUMENTARY: Bankrupt – How Cronyism and Corruption Brought Down Detroit

http://www.youtube.com/watch?v=IuOEf-pNXUI

www.detroitbankruptmovie.com

Detroit U.S.A.: Once the most prosperous city in America. With a booming manufacturing sector and cultural magnetism, the city had bright horizons after World War II. But as the 1960′s rolled in, the marriage of Big Business and Big Government overtook Detroit. The central planners in government needed the powerful corporations, and the powerful corporations came to depend on the bureaucracy, too. The marriage worked well for the politicians and for their corporate cronies, but Detroit itself entered a decades-long decline. America watched as Detroit slowly bled people, jobs and revenue. Politicians tried spending money. They tried raising taxes. The more they taxed and spent, the faster the city declined.
Detroit still had its "Big Three" auto manufacturers, until two of its crown jewels, General Motors and Chrysler, imploded in 2008 under the weight of reckless and subsidized mismanagement.

Instead of allowing market forces to rebuild Detroit and the auto industry, the United States handed billions of dollars to General Motors and Chrysler.

Five years later, the city of Detroit is bankrupt and almost $20 billion dollars in debt. Meanwhile, General Motors has a cash balance of over $20 billion, still owes the taxpayers over $10 billion dollars that outgoing CEO Dan Akerson said will not be paid, and the company continues to benefit from an unprecedented $18 billion tax gift from the bankruptcy.

Why is General Motors walking away with billions while Detroit dies?

How did so much money change hands between the world's most powerful corporate leaders and government officials while delivering on so little of the promise sold to America by central planners? Bankrupt: How Cronyism & Corruption Took Down Detroit answers this question, and many others. Complete with the candid analysis of pundits, journalists, analysts and government officials, sourcing of historical news and government archives, and on-scene interviews with everyday Detroiters, Bankrupt sheds light on what happened to Detroit, and who is to blame.

And most importantly, it asks "What is next for the Motor City?"
 

Mike

Well-known member
How many Countries, States, and/or Cities worldwide that are run by Blacks fiscally "Self Sufficient" ?

Please list your answers below:
 

hypocritexposer

Well-known member
Mike said:
How many Countries, States, and/or Cities worldwide that are run by Blacks fiscally "Self Sufficient" ?

Please list your answers below:

This isn't about the color or their skin. This has more to do with the political ideology that got them to where they are today.
 

Mike

Well-known member
This isn't about the color or their skin.

The hell it ain't. When the blacks moved to Detroit in the 60's. There went the neighborhood.

Or do you think it's just coincidence? :???:
 

Mike

Well-known member
hypocritexposer said:
Mike said:
This isn't about the color or their skin.

The hell it ain't.

I disagree. The union members in Detroit were not all Black, the Federal government officials that gave them the bailouts were not all Black and the Company executives were not all black

Take it from someone who knows:

http://www.debbieschlussel.com/64583/detroit-bankruptcy-long-overdue-years-of-bankrupt-black-racist-leadership-morals-undid-detroit/

The real bankruptcy in Detroit began when White flight happened in the ’60s and ’70s–when my family and others ran away from the city as fast we they could because my grandparents and parents saw the handwriting on the wall, because they saw the riots in which people’s lives and livelihoods–particularly the lives and livelihoods of the civilized White people living in the city–were threatened. And until White people (other than hipsters living in fantasyland) feel safe enough to return to the city and live there–as they have in places like Cleveland, Washington, DC, etc.–Detroit will never recover, bankruptcy or not. We didn’t leave Detroit to get away from Black people (we moved into what was transforming into a largely Black neighborhood and suburb, where I still live today). We moved to get away from the destructive values that then began to grip much of urban (and largely Black) culture and now dominate it.
 

Mike

Well-known member
hypocritexposer said:
I got to ask...did you watch the video?

It's mostly about obama"s Detroit, the one he saved from Bankruptcy, not the city :wink:

I'm watching it now. But I stand by my assessment. The Union & the Politicians put Blacks on the Gov't trough and Bankruptcy is the result.

Now. Back to my original question. You know of some?
 
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