Cronyism, corruption, bailouts, favored status, confiscation through eminent domain, picking winners and losers. Sound familiar?
This documentary premiered yesterday in Washington DC, and offers some historic perspective to the decline of Detroit.
Perhaps even, an explanation (a warning) of what is to come next, as long as we allow our governments to engage in corporatism; a way in which our taxpayers dollars are funneled into the pockets of special interests and how corruption has abused Detroit, providing little benefit to those paying the bills. At one point Thomas LaDuke makes a great point about not questioning “people’s heart or motives,” but his frustration of how city residents don’t actually see how the city has been run.
Obama Approval ratings in Senate Battleground States (this is the YEARLY average, the President’s current numbers are actually lower in EACH of these states).
New Hampshire: 44.6%
North Carolina: 43%
South Dakota: 31.7%
West Virginia: 25.1%
The current numbers may be lower, but I see one particular thing that makes sense.
You have to love Michigan’s push for medicaid expansion, and ceding to the Obamacare plan along side other progressive Obama ‘likes’ such as common core, A21, and transportation schemes. The highest appreciation for Obama, coming from the state that is controlled by Republicans.
Because Republicans manage those failed progressive schemes so much better than the Democrats.
By Michael Lafaive
The recent announcement that philanthropic foundations may donate $330 million to help the Detroit Institute of Arts, which would also help city pensioners avoid the consequences of Detroit government mismanagement, sounds like great news.
Unfortunately, there may be a hook: A requirement that the state treasury contribute, which would convert voluntary private generosity into a coerced taxpayer bailout.
A state bailout of Detroit is a terrible idea. It creates moral hazard and adds to the overly generous financial support the city has for years received from state taxpayers.