Tag Archives: detroit

Detroit bankruptcy: Beyond the Headline or how Capitalism crippled a great American City and the Right will kill it!

You will not find the details, the real story on the Detroit bankruptcy filing unless you are really looking for it amid a great deal of spin. What you will get is the cartoon version, the fluff that really furthers a greater misconception that really shows the Rightwing bias of the media. That is, as we have maintained all along, the Right, as the propaganda front for greedy commercial interests wants to get their hands on the public till, which will dwarf the 2008 financial “crisis” as the biggest crime against the United States in history.

Largest among those misconceptions is a diabolical spin, most particularly today by Limbaugh guest ogre and ardent racist Mark Steyn. He cited that $9billion of Detroit’s outstanding $11billion debt was owed to public workers. Steyn then described the crisis as being their fault. This Canadian-born facilitator to the looting of the nation could hardly be more wrong. There is no causal link here, except in the fraudulent mind of a 1% shill.

What the figures show is that Detroit, a dichotomy of areas of opulently concentrated wealth and near warzone-like poverty, has chronically defaulted on responsibilities and debts to working class people. They have been sacrificed, pushed aside, promised and now betrayed. As with so many companies filing for bankruptcy, the workers suffer most, while the owners and lawyers leave handsomely compensated. This debt represents pay checks, retirement, braces for kids teeth, medical procedures under existing healthcare benefits-true necessities of life.

In March Michigan governor Rick Snyder appointed lawyer Kevyn Orr, a former partner with the Washington-based law firm of Jones Day as emergency manager of Detroit, despite the overwhelming objections of the voters. This from a group who proclaim a dozen Tea Partiers in a mall as “the will of the people!” While at the firm Orr represented Chrysler in their 2009 bankruptcy, billing the company $700 an hour. Chrysler received $4.5 billion in debtor-in-possession financing from the federal government under George Bush. So, who did Kevyn Orr bill exactly at $700 bucks and hour? Chrysler or the US taxpayer? I have a guess? Do you? On Thursday Orr asked a judge for permission to place the city under Chapter 9 bankruptcy protection. Who is going to get paid for this one? What will their connection to Mr. Orr be?

Aside from the fact that the largest municipality in the nation, a once great American city, filed for bankruptcy under a Republican, there are far greater issues here that spell real danger for our nation. While the Occupy Movement has all but faded away into disparate and ineffectual small grounds and the Tea Party tools are being jettisoned now that their usefulness to their corporate and ideological inventors are through with them, this marks a giant leap forward in the planned privatization of public sector finances and assets, moving all of those things into private control, and with it your tax dollars.

This is a looting of the economy. The withering here began with international trade agreements allowing corporations to abandon American workers, and through full support and approval of the government, relocate to undercut American workers. There are no mechanisms by all of these “very smart” people to hold companies accountable, taxing them for jettisoning domestic factories for slave foreign labor. This is the outcome of that planet-sized loophole.

Greedy, unrestrained capitalism brought Detroit to its knees and crippled it, just as it is doing around the nation It was not the unions. So now they have appointed a robber baron to oversee the process and kill it off once and for good. Who will represent Detroit in that, some old friend of Orr’s, Jones Day, and what will they charge the taxpayers? Just asking a question. Rest assured, and I saw it first hand during the United Airlines bankruptcy in 2002, people will get paid a great deal of money from this, and the workers; the cops, firemen, street cleaners and teachers will get nothing by screwed.

This is not an isolated issue about a struggling city. This was engineered and will lead to privatization of public works, business and assets. the strategy to accomplish that is in degrading the government to a point in which it inevitably fails and then sell it off. Always the endgame, like with the banks and Wall Street in 2008 was to get to the purse strings of America’s tax base-the American worker. It feeds their greed and strengthens their control over the government and favorable legislation.

And the blinding messaging from the Right’s media monopoly continues apace. the anti-union FOX News is but one example, coming out in loud and fully support of former Jones Day partner Kevin Orr’s actions greed czar of Detroit. Interesting that FOX pundit Megyn Kelly once worked at Jones Day, but I’m sure that is just a coincidence.
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