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Detroit Councilwoman Wants Obama-Money

Posted by Larry Doyle on December 5, 2012 10:23 AM |

The political game of “quid pro quo”, another version of “payola”, used to have a degree of discretion. No longer.

In a bold and blatant message provided by Detroit City Council member JoAnn Watson, the racket of political payoff comes out of the backroom for all the world to see. Is this what the future of America looks like? The misguided and ill-conceived policies of ineffective politicians and their cronies take their case to Washington for a bailout from their friends in high places.

Many of our forefathers are certainly rolling over in their graves this morning.  The clip only runs 55 seconds. I hope the impact on you lasts a lot longer than that.

Fox 2 News Headlines

God help us.

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • KD8

    What does she mean by “our people”?

  • Peter Watts

    Sorry Larry, I did not comprehend what that women was saying. Does she speak English? Failing which could we please have sub-titles.

  • Bill

    A top official in Detroit Mayor Dave Bing’s administration told the City Council Tuesday that getting Michigan to release bond funds is the only way to make it through the city’s latest cash crisis.

    “We have to take strong action to right our own house so the only lender we have available to us — the state — is comfortable in release of the bond proceeds,” said program manager William “Kriss” Andrews, who oversees the consent agreement Detroit inked with Michigan earlier this year to avoid an emergency manager.

    “We’re all capable of running it better than this, and the sooner we get help the sooner we get it fixed,” he added.

    Andrews and other top city officials met with the council to discuss Detroit’s precarious fiscal position and the steps needed to make it through the end of the calendar and fiscal years.

    Detroit Cash Hole “Deeper Than Thought,” State Help Needed

  • John B. Egan

    I’m not from Detroit, but being outraged that votes are traded for favors is laughable..It’s been going on for as long as we’ve been a nation. What do you think lobbyists do? (BTW, if you want to see horse trading in action, go watch “Lincoln”..) And even the video notes that Presidents have bailed out cities before..In the case pointed out, it was NYC by the ‘white Republican’ Gerald Ford. Begging for favors, right or wrong, is the least of our worries. How about a recalcitrant House that seems Hell bent on destroying our Nation? Or our blind obedience to Israel which is using our $8 Billion gift every year to bulldoze Palestine? ..Pick a real issue. ;=)

  • Randee

    Lots of veiled, and not so veiled, racist remarks on this blog. Many of you should wear white hoods while typing. The anti-government rhetoric is over the top and frequently extreme and in some cases downright scary. If he were still alive I’m sure Timothy McVeigh would love this blog. What the councilwoman suggests is not out of line. There is positive payback to those who vote for the winner of an election. Always has been. She’s just open and honest about it. President Obama, give the councilwoman what she wants. 75% of voters there supported you. Now help her out.

    • LD

      You sure you’re not looking for this blog?

  • Rick

    whatever happened to the brown bags and cash….maybe they are using plastic…

  • David T

    Wait, I want some too. Don’t you? How about you over there? Dont’ you want some too? I think we should all get some bailout money. After all, isn’t that the business Uncle Sam is supposed to be in!? Larry, I agree with you: God help us all. DT

  • LD

    Even as the state Treasury prepares to begin another financial review of Detroit’s books, a plan is being solidified in the governor’s office that would guide Michigan’s largest city through what is being called a managed bankruptcy.

    The working concept, still evolving, assumes that the state’s financial review would find severe financial distress in Detroit, that Mayor Dave Bing and City Council would be unable to push through overdue restructuring, and that the process would culminate in appointment of an emergency financial manager under Public Act 72.

    The case would be filed under Chapter 9 of the federal bankruptcy code, according to two ranking sources familiar with the situation, following efforts to reach prenegotiated settlements with as many key creditors — unions, vendors and pension funds among them — as possible before any filing.

    “Clearly, we will always try to do that,” one source familiar with the situation said in an interview Thursday. “You can move on a much more expedited basis if you can demonstrate that your cash is running out” — as Detroit clearly is with each passing week.

    The evolving bankruptcy scenario is a clear signal that Gov. Rick Snyder and Treasurer Andy Dillon have lost confidence in the ability of the mayor, his management team and council to honor their commitments under the eight-month-old consent agreement with the state, or to make any meaningful progress on restructuring.

    Contingency planning in Lansing for a possible Chapter 9 bankruptcy filing is not likely to be popular inside council chambers or the Mayor’s Office. But it’s the responsible and necessary thing to do, whatever the protests from the elected officials whose denial and self-delusion are hastening the arrival of a reckoning they can no longer avoid.

    State Laying Groundwork for Managed Bankruptcy for Detroit

  • Bill

    Giving money to Detroit is about as good an example as there is of throwing good money after bad. There would be no limit to that sink hole.






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