70 search results for "Detroit Bankruptcy"

Michigan, Michigan Politics

Insert Cash Here

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Yet another bucket lister with bling

It’s getting interesting already.

In 2009, a relatively new guy came on the political scene, threw down some shekels, and became the titular head of the Michigan GOP.  We all knew he was a fraud, but money talks, and we all know the rest.

And now, the first round of financial reporting is out for 2018.  Candidates for Michigan’s top spot are starting to sort out, and the Michigan Campaign Finance Network has done a nice job of putting up some of their financial numbers fast. The heavy fundraising this early in the game goes to the usual suspects and one that stands out in a peculiar way, also hailing from Ann Arbor, but this time on the Democrat side.

Democrat Shri Thanedar, Ann Arbor
Total Contributions: $3.2 million

Thanedar, a businessman who lists himself as an entrepreneur on campaign finance disclosures, has loaned his own campaign $3.2 million so far this year. His campaign reported only one other contributor. That person gave $100.

The Thanedar campaign reported spending $81,557 from when the committee formed in April and the campaign finance reporting deadline on July 20.

Michigan is no stranger to self-funding candidates. In 2010, Republican businessman Rick Snyder contributed about $6 million to his primary campaign to help score the GOP nomination for governor. He went on to win the general election.

I suppose the fantasy of every political wannabe in Michigan is to self fund the next Gubernatorial contest.

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Cronyism, Democrats, Detroit, Elections, Government Incompetence, Michigan, Michigan Politics, Republicans

Why Riot?

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What causes a riot in urban America?

The news media, social scientists, and political scientists are eager to offer up the usual stale left wing bromides on urban riots, but at best those bromides are based upon a lot of anecdotes rather than hard data. The plural of anecdote is not data. The disingenuousness of their bromides arises from the clash of facts with their committed leftist politics.  Economists were far less political, at least 25 years ago.

A pair of economists working under the aegis of the National Bureau of Economic Research (NBER) applied linear regression computation modeling to various community statistics from a broad range of cities to determine which underlying issues cause riots and, further, to determine their intensity. Their results are a real eye opener and run contrary to the drivel being peddled by the media and academics on this 50th anniversary of the Detroit riots.

The National Bureau of Economic Research is a private nonprofit research organization which distributes its work product to financial officials and the public around the world. NBER is best known as the official arbiter of the start and end dates of economic recessions in the United States, a not uncontroversial subject. Its economists have run the gamut from the good (Milton Friedman, Wassily Leontief), to the bad (Austan Goolsbee), to the ugly (Paul Krugman). As a fun side note, it is comforting to know that an economists’ organization as august as NBER can lose money on their financial portfolio. No crony capitalists there!

The NBER divides its research into 20 programs; one of which is ‘Labor Studies’. Denise DiPasquale and Edward L. Glaeser produced NBER Working Paper 5456, The L.A. Riot and the Economics of Urban Unrest on behalf of the NBER Labor Studies Program. This paper was written after the Los Angeles riots of 1992, but its research reaches back into the 1960’s and across the world to construct its data base.

The DiPasquale/Glaeser study has two major components: a cross-national study which covers urban rioting around the world (including the U.S.), and a cross-city study which covers urban rioting across just the U.S. They assembled data sets on a large number of cities which included dependent variables representing the frequency of riots and the intensity of riots, along with many independent variables suggested by previous studies as being responsible for the frequency and intensity of those riots – poverty, unemployment, ethnic composition, and so on.

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Cronyism, Democrats, Detroit, Fees, Government Incompetence, Michigan, Michigan Politics, Part Time Legislature, Republicans, Taxes

Corruption or Incompetence?

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Oakland Macomb Sewer Interceptor Costs Now At $ 335 Million And Climbing, Cue The Lawsuits

The City of Sterling Heights announced on their FakeBook page Monday that they have filed a lawsuit against Macomb County over their $ 22.2 million portion of the cost for reconstructing the collapsed Oakland Macomb sewer interceptor (OMI), as apportioned by the Macomb Interceptor Drain Drainage District (MIDDD). Sterling Heights believes that the Macomb County Wastewater Disposal District (MCWDD) “did nothing to abate the conditions that likely caused the December [24th] 2016 collapse”. Sterling Heights believes their contract with the MCWDD covers the operation and maintenance of the OMI interceptor.  This may be a little tricky to prove, since the OMI is actually run by the Oakland Macomb Interceptor Drain Drainage District (OMIDDD), an entity independent of and superior to the MCWDD.

Sterling Heights’ contention is that proper maintenance on the OMI by the MCWDD would have prevented its collapse. Maybe. The OMIDDD has already spent $ 170 million on rehabilitation of the OMI since they bought it in 2009. Supposedly the entire 21 mile length was examined and rehabilitated. That rehabilitation effort ended just months before its December 2016 collapse. That collapse suggests that the OMIDDD rehabilitation didn’t do much good. Anyone care to speculate why? Your choices are corruption or incompetence, or both.

This is now a Michigan wide story because our state government will be providing at least $ 5 million of the $ 75 million repair costs for the December OMI collapse. The much debated $ 3 million legislative grant and another $ 2 million from MDEQ.  That $ 75 million is just the current estimate, for the currently acknowledged deterioration of the OMI. Given the Granholm Administration’s role in suckering Oakland and Macomb counties into the OMI purchase, the State of Michigan probably has a lot more responsibility.

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Conservative News, Cronyism, Democrats, Detroit, Fees, Fees, Flint Water Fiasco, Government Incompetence, Michigan, Michigan Politics, Republicans, Taxes

Rip Off

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Weaver/McCormick Flint-GLWA Deal Transforms Water From Obscene Tax To Outright Theft

Flint Mayor Karen I Love Rizzo Weaver and Great Lakes Water Authority CEO Sue McCormick have reached a 30 year deal for Flint to purchase water from the Great Lakes Water Authority. The City of Flint had signed up to purchase its water from the nascent Karegnondi Water Authority in March 2013 and the State of Michigan concurred in April. Everyone in Flint City government, save one councilman, has agreed to source Flint’s water from the KWA. Even Mayor Weaver. Until this week.

The Weaver/McCormick deal has GLWA paying Flint at least $ 7 million a year to cover Flint’s share of the bonds issued to finance the KWA. A total of $ 210 million over the 30 year contact period.

Where will that $ 210 million come from?  GLWA is not the Federal Reserve, they cannot just create money out of thin air. GLWA will extract the money from the victims ratepayers in the other communities it ‘serves’.

Mayor Weaver and CEO McCormick will transform GLWA water rates into yet another exaction imposed upon most of Southeastern Michigan to subsidize Flint. Without any input from those victims ratepayers. A blatant fee as tax evasion of Headlee. Governor Snyder, of course, approves wholeheartedly.

This is government theft, Headlee evasion, and a rich fount of future corruption.

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Conservative News, Cronyism, Democrats, Detroit, Elections, Government Incompetence, Michigan, Michigan Politics, Republicans, Taxes

The Price of Political Failure

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The Detroit News launched a hit piece on Michael G. Ford, the CEO of the Regional Transportation Authority of Southeastern Michigan this morning. Reporters Robert Snell and Christine MacDonald breathlessly review Mr. Ford’s expense accounting and employment contract details over the 33 months since he was appointed CEO of the RTA.

The closest they get to finding any real improprieties is Mr. Ford’s car allowance and mileage reimbursement, but that does not stop them from reporting salacious details of hotel room charges and his very generous employment contract. No illegality or budget overruns are found, but the tone of the article is supremely negative. Mr. Ford’s contract happens to be up for renewal and the RTA Board tabled a $ 16,300 raise for him two weeks ago.

A special meeting of the RTA Board of Directors was held this morning, including a closed session. Public bodies operating under the Open Meetings Act are only allowed to close meetings when deliberating personnel matters and contracts. It is not much of a leap to speculate that Mr. Ford is today’s main course at the RTA Board meeting.

The Detroit News duo filed an FOIA request for Mr. Ford’s contract details and expense reimbursements shortly after Paul Hillegonds, Governor Rick Snyder’s appointee to the RTA Board, began reviewing Mr. Ford’s expenses. Coincidence? Hardly.

What is going on here?

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All the Other Stuff, Conservative News, Democrats, Detroit, Elections, Government Incompetence, Humor in Michigan, Michigan, Michigan Politics, Philosophy

The democrats are coming! The democrats are coming!!!

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Let's see if they can last?

I’ve mentioned previously that get contacted fairly frequently asking for my input on various political things going on around the area.

This one is too good for me not to share with everyone here.

{Continued below}

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Elections, Michigan, Michigan Politics

Yes, You Want To Vote For Trump.

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U.S. Republican presidential candidate Donald Trump speaks at the Family Leadership Summit in AmesDonald Trump will likely be our next president.

It should really come as no surprise, but due to the nature of folks holding their voting choices close to the vest, the media has seemed content to report that he is already an also-ran candidate. We know better, and so do some on the other side.

Yes, on November 8, you Joe Blow, Steve Blow, Bob Blow, Billy Blow, all the Blows get to go and blow up the whole goddamn system because it’s your right. Trump’s election is going to be the biggest ‘f*** you’ ever recorded in human history and it will feel good.

Yeah.  We quoted that guy.

Truly, if in fact he gets it, all of those inbetwixt he-and-I are likely to get it too. Yes, he is now screaming it is taken out of context, and that we should all go see his movie to see why, but he identified the underlying (and rightful) angst that actually exists.

There is no doubt that Hillary Clinton is the man, the machine, the mechanization of oppression and crap policy that leaves middle America feeling like a lone protester in Tianemen square after all of the cameras are turned off.

She offers more-of-the-same. And by golly there are few, if any folks who think that is a good thing.

Especially “more” of the same.

And of course, the tried and true ‘what is the definition of insanity?’ question comes in two parts. The first part of doing the same thing and expecting change is the gimme, but leaving in place the system that produces the same thing is the viral component that must be recognized as a continuation of it.

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Conservative News, Democrats, Detroit, Government Incompetence, Michigan, Michigan Politics, Part Time Legislature, Pensions & Retirement Benefits, Republicans, Taxes

Financial State of Michigan – 2015

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41st Place Among the States

tia-methodologyYou have probably read the Mackinac Center’s excellent works on Michigan’s government finances, much of which they release through Michigan Capitol Confidential. Top quality analyses, but parochial in the sense that they don’t place Michigan’s government finances in the context of the other American states. An Illinois 501(c)(3) organization, Institute for Truth in Accounting does, and has come up with a useful metric – taxpayer burden – by which you can rank Michigan financial status relative to the other states. No accounting degree necessary.

Suffice it to say, you will not be reading any of Truth in Accounting’s work in Michigan’s nitwit, cheerleading media.

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Conservative News, Democrats, Detroit, Elections, Government Incompetence, Michigan, Michigan Politics, Republicans, Taxes

When $ 175,000 A Year Just Isn’t Enough

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You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time....President Abraham Lincoln

Adamo DemolitionDetroit’s Deputy Director of Construction and Project Management, James Wright, suddenly resigned today. Wright had been the Detroit Medical Center’s Corporate Vice President of Facility Engineering and Construction when Mayor Duggan hired him under a contract to be the $ 250,000 a year Deputy Director of the Detroit Land Bank Authority two and a half years ago. He was then transferred to the city’s payroll in March of this year at a $ 175,000 a year salary. Mr. Wright’s resignation does not include a severance and was effective immediately. Certain evidence of a firing at this level of government, not a resignation.  You can bet that Wright just got his Federal target letter. from U.S. Attorney Barbara McQuade.

The FBI and the Special Inspector General of the Troubled Asset Relief Program (SIGTARP) have been investigating Detroit’s demolition program for about a year now. Enough time to start issuing indictments. SIGTARP has jurisdiction over the Hardest Hit Fund which provided the $250 million Detroit has spent on home demolitions (and lavished on contractors). Detroit Mayor Duggan has pledged complete cooperation with the investigation.  Wright Right…..

Barry Ellentuck ImageWright’s resignation comes on the heels of Attorney General Bill Schuette’s failed prosecution of whistleblower Barry Ellentuck, the ADR Consultants, LLC President who went to the FBI with solid evidence of the corruption in the Detroit home demolition program – the very day before AG Schuette indicted him. Mr. Ellentuck was set up by a lying, thieving subordinate and his prosecution had all the hallmarks of retaliation for squealing to the Feds. Home demolition contract costs suddenly rose from about $ 10,000 per house to $ 16,000 per house under Mayor Duggan, just after Mr. Wright took control of the program.

The city originally signed Wright to a two-year contract that paid $250,000 a year. He was transferred to the city’s payroll at $175,000 a year when his original two year employment contract expired in March.  Evidently, $ 175,000 a year is just not enough for Mayor Duggan’s exalted talent.  As a point of reference, Governor Snyder makes $ 159,300 per year as Governor of Michigan. Governor Snyder clearly holds the wrong office to make money in this state.

Wright awarded corrupt ‘unit price’ demolition contracts to three connected demolition companies, Adamo, Homrich and MCM Management. You might recognize them as very profitable MDoT contractors, but that was the Proposal 1 story of last year. Wright disclosed contract prices before the bids were opened to their competitors and allowed all three companies special, reduced bonding requirements unavailable to other bidders.

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Conservative News, Cronyism, Detroit, Elections, Government Incompetence, Michigan, Michigan Politics, Part Time Legislature, Rent Seeking, Republicans, Taxes

Quid Pro Quo: How The DPS Bail Out Passed

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Pavlovian Conditioning In Michigan Politics

Money Transfer ImageMichigan’s campaign finance laws were designed to expose quid pro quo donations to legislators and politicians by the individuals and groups having special interests in government actions. A particular goal of campaign finance laws was to prevent politicians from benefiting personally from their votes and actions. In the American Civics version of representative government, politicians are expected to represent their voters exclusively. Selling their votes and actions to the highest bidder creates an unresponsive, alien government in short order. Think Venezuela, Illinois, or Detroit. Where Michigan is now heading.

Political campaigns are expensive today. Consultants and media outlets are the particular beneficiaries of lavish campaign spending and have, in turn, convinced candidates that money is the sine qua non of political success. Today, you are not considered a serious candidate for the lowest rung in the Michigan political firmament – State Representative – unless you have a $ 100,000 campaign war chest.

American politicians and their special interest backers are developing a technique which directs quid pro quo donations right into politicians’ pockets.  This technique is fast becoming a staple of Michigan politics and Michigan’s nitwit media have ignored this ingannation of representative government.

Michigan politicians are now morphing into vending machines that cater to the highest bidders in Lansing and Washington.  This explains the passage of the PA 192 – 197 Detroit Public Schools bail out over the objections of many outraged Michigan voters.

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