CHRYSLER HAS BEEN BAILED OUT TWICE. DO WE SAY WHITE PEOPLE CAN'T RUN
CHRYSLER AND WANT FREE STUFF
By C.D. Brown October , 2013
When GM and Chrysler went managed bankrupt for something like
$80 billion, nobody said that white people are not ready to be in charge
of transnational industrial corporations and, that Chrysler was dependent on
free tax money from
us; that , as Corporation leader and Presidential candidate Mitt
Romney insultingly said to the NAACP convention, to paraphrase, u
people want too much free stuff.
Chrysler Corporation has been bailed out twice by the federal
government. Congressman James Blanchard road his championing that FREE STUFF for Chrysler to the Michigan governor's chair. But Prince
Richard Snyder
doesn't want a bailout for Detroit. It is because, unlike Chrysler, Detroit
has a Black majority represented in electoral offices running City
government.
Mayor Coleman A Young, Black Mayor Extraordinaire, won a loan from
the federal government for the
City of Detroit to help Chrysler Corporation build the Jefferson North
Assembly plant. The federal government can forgive that loan which
benefited Chrysler and America handsomely.
Snyder,the Barbarian Governor, doesn't want a
bailout for Detroit, thereby
speaking against the best interests of Detroit. He should be
aggressively seeking a bailout for Detroit, like Governor Christie
aggressively
sought aid for New Jersey for relief from hurricane damage or
Blanchard and Granholm sought bailouts for Chrysler. Detroit
has been under economic "hurricanes" almost continuously for 50 years.
Chrysler has been bailed
out twice from those storms ! (
http://en.wikipedia.org/wiki/History_of_Chrysler). Not only was
there divestment from the city proper in
capital flight for 60 years, but the auto industry corporations
centered in Detroit have been crushed in the world competition as
emblemized in Chrysler's two insolvencies. The City of Detroit's
elected
officials could do about as much about those auto company disasters in
Detroit's economy as New Jersey elected officials could do to stop the
hurricane. So, city officials should not be scapegoated in loss of
powers under Snyder savage dictator law.
As part of the economic hurricanes, the State of Michigan itself ,
including Detroit, suffered a
one state recession (as the monopoly media termed it) in the years
leading up to two of Michigan's
private auto giants falling into the final insolvencies As a result
the State of Michigan fell into fiscal irresponsibility greater than
Detroit's and, had to be bailed out by the Obama
Stimulus for $7.8 billion ( See
http://www.house.mi.gov/hfa/PDFs/ARRA%20Forum%20Dec%202009.pdf
). Then it was not even considered that whites ,who dominate
Michigan's governorships and legislatures (
including many who are still there) couldn't run our State, and liked
"Federal Welfare and Entitlements", free stuff, to bail them out
of their fiscal
irresponsibility. Savage Snyder's current budget "surplus" is wholly
based on the bailout by President Obama and the Democratic majority
Congress of Obama's first term.
Similarly when New York City, New York was in
receivership/emergency financial management in 1975, it was not said
that white people couldn't run a major city. NYC got a $2.3 billion
bailout from the federal government under President Gerald Ford of
Michigan when it was insolvent.
but it was not even whispered that the white people in charge of NYC liked
free stuff. NYC was bailed out when it was insolvent in 1975.
( Bill Summary & Status - 94th Congress (1975 - 1976) - S.2725 -
THOMAS
http://thomas.loc.gov/cgi-bin/bdquery/z?d094%3ASN02725%3A%40%40%40D&summ2=m&;
http://en.wikipedia.org/wiki/History_of_New_York_City_(1946–77)
So, when Detroit has an immediate deficit we should not say Black
people don't
know how to administer a major city. Since all these other institutions were
bailed out, why not bailout out Detroit without any of this " Black
people like free stuff"?
There is a long history of government
bailout of monopoly private corporations. especially banks and hedge
funds based in New York City (
(History of U.S. Gov't Bailouts
http://www.propublica.org/special/government-bailouts
:http://en.wikipedia.org/wiki/Too_big_to_fail).
What's good for the
goose is good for the gander.
