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View Diary: Detroit Files For Bankruptcy… (42 comments)

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  •  i've been wondering why this is getting (7+ / 0-)

    so little coverage here.  

    i heard the news and went right to dK expecting to see something on the front page.

    eclectablog wrote a diary a few hours ago

    but for some reason i expected this to be bigger news

    Politics is like driving. To go backward put it in R. To go forward put it in D.
    Drop by The Grieving Room on Monday nights for support in dealing with grief.

    by TrueBlueMajority on Thu Jul 18, 2013 at 04:45:05 PM PDT

    •  I thnk this is something... (2+ / 0-)
      Recommended by:
      FG, johnny wurster

      ...a lot of people saw as inevitable, from a long ways back.  Besides, it's not the end of Detroit.  Look at it as a fresh start in a sense.

       Now when they have trouble borrowing in the future...

      Warren/3-D Print of Warren in 2016!

      by dov12348 on Thu Jul 18, 2013 at 04:55:26 PM PDT

      [ Parent ]

    •  I wondered the same, so I posted this quick... (2+ / 0-)
      Recommended by:
      3goldens, jennifree2bme

      diary.  For those of us in MI, this is an unsettling, though not totally unexpected, development.  To see the city go from a thriving manufacturing center to a bankrupt city in a few decades is so sad, and disturbing.

      Thanks for the link to eclectablog's diary, which I rec'd, and will go back and read now, as I was looking for him to post something on this, but missed his diary.

    •  It gets little coverage here for the same reason (4+ / 0-)
      Recommended by:
      peregrinus, 3goldens, Zornorph, katiec

      the rising personal bankruptcy rate, under and unemployment, the fact that more people are without health care than before "Obamacare" was passed, and that the surveillance state and MIC are out of control, it reflects badly on the "Blue team."

      The Larry Summers, Wall Street, Geithner economy is failing America and is supported by a President still focused on a failed Washington Consensus economic policy. Federal fiscal policy, excoriated by Ben Bernanke in his latest report to the Congress, is the primary reason that the American economy is still failing, while the President and his staff trumpet falling deficits as some fantastic example of "leadership."

      "Intelligence is quickness in seeing things as they are..." George Santayana

      by KJG52 on Thu Jul 18, 2013 at 05:00:45 PM PDT

      [ Parent ]

    •  Maybe because there appear to be no solutions (0+ / 0-)

      within capitalism.

      "I was a big supporter of waterboarding" - Dick Cheney 2/14/10

      by Bob Love on Thu Jul 18, 2013 at 05:19:07 PM PDT

      [ Parent ]

      •  plenty of cities are thriving. (2+ / 0-)
        Recommended by:
        auapplemac, virginislandsguy

        Detroit made a lot of mistakes.  that doesnt indict capitalism; it indicts Detroit's leadership over the years.

        •  Then what are the solutions for Detroit? (0+ / 0-)

          "I was a big supporter of waterboarding" - Dick Cheney 2/14/10

          by Bob Love on Thu Jul 18, 2013 at 07:36:58 PM PDT

          [ Parent ]

        •  What mistakes? (2+ / 0-)
          Recommended by:
          icemilkcoffee, Bob Love

          I've looked at this pretty hard, and as far as I can tell the quality of the City's leadership is actually irrelevant.

          The problems are three-fold:

          1) Like all rust belt cities, Detroit is surrounded by incorporated suburbs that cannot be annexed and will never die. Grosse Pointe, population 40-50k, for example has five mayors for no reason anyone can explain. This means the number of square feet in Detroit is limited. Since the 50s people have been demanding ever-larger houses.

          2) In the late 60s Detroit's white population ran a particularly stupid, brutal, racist police department. one of it's officers ultimately plead Not Guilty by Reason of Insanity to murdering nine black people. Blacks responded to this in a way that was also brutal and stupid (albeit more understandable): the biggest race riot before Rodney King.

          3) Unlike almost all rust belt cities, white racists in the City had a place to flee to. The guy who thought of the elite police unit Psycho Racist Serial Killer Cop served in was elected Sheriff of Oakland County within a year  of being drummed out of Detroit.

          IMO the mayors who could have saved Detroit served 40-50 years ago. When the City was 29% of the state's population, if a Mayor had said, "Shit, we need more square feet, we have to annex much of Oakland and Macomb Counties" he probably would have gotten his way.

          If he'd integrated the police in 1965 we wouldn't have had the riots.

          In other word: yes Kwame sucked ass, but by the time he got the job there wasn't really anything he could do.

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