Posted on 07/13/2016 4:10:26 AM PDT by detective
The city of Detroit, now famous as an economic disaster, began its decline when it lost jobs. This was accompanied by a loss of population, a rapid rise in poverty, increasing dependence upon federal entitlement programs and an unstoppable downward economic spiral.
Puerto Rico is now undergoing an economic collapse sparked not by population loss but by excessive government spending. Chicago is in the same situation. Government overspending and over taxation comes first, population loss follows.
Chicago is technically bankrupt. Its expenditures have exceeded its receipts for about ten years. All big rust belt cities in the Midwest, East, and Northeast have been losing population since 1950. Detroit’s population has dropped from 1.85 million to 800,000.
(Excerpt) Read more at americanthinker.com ...
By the way, just because the teacher’s unions and the blacks despise Emanuel doesn’t mean they’d vote for somebody better - they’d just vote somebody different, in the donkey primary. The hispanic Rahm took out in the last primary was enough of a lefty to rival Hugo Chavez - if the primary was held today, I bet he’d have a good chance of knocking Tiny Dancer off, even with all the money Rahm would be able to round up.
You’re probably correct, in all of your theories. Although the city elections are nonpartisan, many voters know the candidates’ parties. If a famous conservative runs for mayor, in 2019, do you think he’ll get to the run-off election? I read that many voters dislike Mayor Emanuel.
See post 61; not enough conservatives left within the city limits for one to make a viable run for Miss Congeniality, let alone elective office.
Also, let me add factor 8; a compliant local media. They’ll run down occasional instances of really disgusting corruption, but by-and-large, they stay on the machine’s plantation. It took years to nail Blago, and most of the really corrupt party movers enjoy a comfortable retirement in Florida and the like.
The identification of the race of numerous perps (especially in flash mob incidents) is routinely ignored for fear of upsetting the party bigwigs who need tha patina of racial harmony to keep out of trouble, and a double-standard based on party affiliation is so obvious it’s laughable: when Jim Ryan ran for senator (against BO) the Trib forced open sealed divorce records to drive him out of the race; when BO ran for anything, all we heard from them was how glamorous he and his wife and his daughters were.
Better yet, how about privately-run cities? Contract a major systems company to run the city, with incentives based on employment rates, lack of pothole complaints, crime rates, etc.
Not "like" but "as".
The people suffer while crooked politicians make out as bandits.
No Congressmen, Senators or votes in the Electoral College?
As in Puerto Rico and Guam, they have Electoral votes but would vote for non-voting Representatives in Congress.
Jim Ryan didn’t run for the U.S. Senate. That was Jack Ryan.
4 am bump...
There are a lot of assets to heavily tax from the ultra-libs in Kenwood and Hyde Park. Start with a crazy sales tax just for businesses in that area who cater to the residents. They live in an enclave and can’t really shop anywhere else conveniently to make it worthwhile avoiding the tax.
bkmk
I know people who used to work at Freddie Mac. They had responsible high level positions.
They all said Rahm Emanuel pushed very hard for the policy of making questionable sub prime loans. The said the professionals were opposed to it. Rahm and the political types pushed hard for it.
They also said there was organized mortgage fraud in which criminal groups would organize applications for fraudulent mortgages to fictitious sub prime borrowers. All the documents were fraudulent. Emmanuel would push for these.
The heads of Fannie Mae and Freddie Mac were Clinton people during the time they went into bankruptcy. Franklin Raines, former Budget Director for President Clinton, CEO from 1999 to 2004, James Johnson, former aide to Democratic Vice-President Walter Mondale and ex-head of Obama’s Vice-Presidential Selection Committee, CEO from 1991 to 1998; and Jamie Gorelick, former Deputy Attorney General to President Clinton, and Vice-Chairman from 1998 to 2003. In his position, Johnson earned an estimated $21 million; Raines earned an estimated $90 million; and Gorelick earned an estimated $26 million. These top executives were also involved in mortgage-related financial scandals
Freddie Mac along with Fannie Mae went into Federal conservatorship in 2008. The bailout of Freddie Mac and Fannie Mae cost taxpayers over $150 billion
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