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Thread: Emergency manager: Detroit won't pay $2.5B it owes

  1. #11
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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Eighty Deuce View Post
    And the Unions that brought down the auto industry do not vote for the liberal candidates ?
    False premise, the unions did not "bring down" the US auto industry, they make less than auto workers in Germany and less than US workers in foreign owned US auto plants.

    Your comment reminds of of Mary Landrue. Yesterday. She got a bit caught-up referring to a "dumb" fence.
    I'm sorry...how do you spell her name? Dumb...indeed.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Gimmesometruth View Post
    Yes yes...the city fathers are responsible for the decline of the US auto industry.

    Scapegoating rather than understanding we have no industrial policy is the way of low intelligence conservatives.
    Yeah right, the unions and the local politicos had nothing to do with the demise of the auto industry in Detroit . Sounds like the work of low intelligence liberals.

  3. #13
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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by clownboy View Post
    Yeah right, the unions and the local politicos had nothing to do with the demise of the auto industry in Detroit . Sounds like the work of low information liberals.
    You know, using a worn out unrelated argument about "unions" to lambast the Detroit city govt is beyond weak. The US auto industry was only able in the last 20 years to finally start producing a product that could compete with govt subsidized imports. That failure to design a modern world vehicle was not the fault of unions.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Eighty Deuce View Post
    Detroit is defaulting. So how about taking 10 cents on the dollar ? This is what is at the end of the liberal rainbow. Too many moochers. Not enough hosts.



    If you had a choice between ten cents on the dollar and zero cents on the dollar, which one would you take?

    No one that owns this debt was forced to buy it. They planned on making money, didn't work out too well for them.




    "Better days are coming." ~ But not for today's out of touch, running out of time, GOP.

    They made a bad choice, and now they are going to pay the price.

    I'll save my sympathy for those who didn't have a lot of money to invest.




    "Better days are coming. ~ But not for today's out of touch, running out of time, GOP.
    Last edited by shrubnose; 06-14-13 at 03:22 PM.

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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Gimmesometruth View Post
    You know, using a worn out unrelated argument about "unions" to lambast the Detroit city govt is beyond weak. The US auto industry was only able in the last 20 years to finally start producing a product that could compete with govt subsidized imports. That failure to design a modern world vehicle was not the fault of unions.
    Absolutely wrong. Detroit was the home of the auto industry for decades, very competitive, but less so by the year as the unions asserted themselves and the workers priced themselves out of existence. The industry there couldn't react to salad years with the union monkey on their back. The pension thing was the final nail in the coffin. Are you really trying to assert that the unions had nothing to do with pensions?

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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by shrubnose View Post
    If you had a choice between ten cents on the dollar and zero cents on the dollar, which one would you take?

    No one that owns this debt was forced to buy it. They planned on making money, didn't work out too well for them.
    I think they planned on responsible government too. Municipal bonds used to be the "safe" part of one's portfolio. Just not the liberal towns anymore.

    Instead they got such as this:



    Former Mayor of Detroit Guilty in Corruption Case

    DETROIT Kwame M. Kilpatrick, a former mayor of Detroit, was found guilty on Monday of a raft of charges, including racketeering, fraud and extortion, capping a five-month public corruption trial against him and two co-defendants.

    http://www.nytimes.com/2013/03/12/us...case.html?_r=0

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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by clownboy View Post
    Absolutely wrong. Detroit was the home of the auto industry for decades, very competitive, but less so by the year as the unions asserted themselves and the workers priced themselves out of existence. The industry there couldn't react to salad years with the union monkey on their back. The pension thing was the final nail in the coffin. Are you really trying to assert that the unions had nothing to do with pensions?
    Really? How did the unions stop innovative modern design...say...in the early 70's....when we had the gas crises and the rise of below cost imports into the US?
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  8. #18
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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Fenton View Post
    LOL !!


    What a desperate bunch of low life incompetents



    I agree.

    Those who bought these bonds made a serious mistake.



    "While it is not true that all conservatives are stupid people, it is true that most stupid people are conservative." ~ John Stuart Mill

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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Eighty Deuce View Post
    I think they planned on responsible government too. Municipal bonds used to be the "safe" part of one's portfolio. Just not the liberal towns anymore.

    Instead they got such as this:
    Oh, the mayor of Detroit (02-08) is responsible for the industrial decline of the city.....wow.....
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  10. #20
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    Re: Emergency manager: Detroit won't pay $2.5B it owes

    Quote Originally Posted by Eighty Deuce View Post
    I think they planned on responsible government too. Municipal bonds used to be the "safe" part of one's portfolio. Just not the liberal towns anymore.

    Instead they got such as this:



    I didn't buy any of the bonds, so it's 'Not my problem'. My European real estate is doing great.

    Those who did buy them will now pay the price for a bad investment decision.

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