Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Another Former Staffer Comes Forward to Accuse Filner | Main | Scientist Claims He's Demonstrated Warp Drive's Feasibility on a Microscopic Scale »
July 24, 2013

Oh For God's Sake Obama's Giving the Same Stupid "Big Pivot Speech on the Economy" He's Given 60 Times Since 2010

Recap:


Whatev's. If you care about this horror show, it's on MSNBC. Even Obama's fellative allies in the media say this speech will be empty of anything new andentirely useless.

Meanwhile, Detroit looms as a backdrop, a facts-on-the-ground indictment of ObamaNomics. Major Garrett writes:

Obama’s 2011 speech described a Detroit that can only be described as a myth wrapped in a wish inside a dream.

“This is a city that’s been to heck and back,” Obama said. “And while there are still a lot of challenges here, I see a city that’s coming back.”



Obama referenced “tough choices” made to bail out GM and Fiat-Chrysler and also hailed the birth of a new wave of high-tech employment. “We said American workers could manufacture the best products in the world. So we invested in high-tech manufacturing and we invested in clean energy,” he said. “And right now, there’s an advanced-battery industry taking root here in Michigan that barely existed before.”

The biggest factory in this supposed new trend, Massachusetts-based A123 Systems, had plans to employ 5,900 workers nationwide to build lithium-ion batteries. In Detroit, A123 Systems never employed more than 1,000. The Energy Department awarded A123 Systems a $249 million grant to boost production. It filed forbankruptcy in 2012 and was still receiving DOE largesse. A judge approved the bankruptcy in 2013.

In other words, the Detroit-area advanced-battery industry Obama said “barely existed before” his 2011 speech now … barely exists.

Rich Lowry writes of Detroit as Suicide By Government.

The case of the city of Detroit isn’t much of a murder mystery. Various suspects have been fingered in its demise: The global economy. The fall of the auto industry. The decline of manufacturing generally. But it’s simpler than that. Detroit died of its own hand.

The city undertook a controlled experiment in what happens if you are governed by a toxic combination of Great Society big spenders, race hustlers, crooks, public-sector unions, and ineffectual reformers. It spent and misgoverned itself into the ground. It tried to defy the axiom of the late economist Herb Stein that “if something cannot go on forever, it will stop.” Detroit’s bout of self-destruction lasted for a few decades, and now may finally stop only when there is little left to destroy.

...

The city’s downfall started long before anyone imagined that the Big Three would ever be anything but overwhelmingly dominant. Hardly anyone had heard of Toyota in 1967, when riots ripped the city and a long crime wave began that made it unlivable. According to Henry Payne of the Detroit News, the murder rate climbed from 13 per 100,000 residents in 1966 to 51 per 100,000 by 1976.

It was the city’s dysfunction that made it unappealing to the auto companies rather than the diminished state of the auto companies that made the city dysfunctional. The city’s mayor for 20 years, Coleman Young, was an ethically challenged black nationalist who hated the suburbs. Under Young, journalist Zev Chafets writes, Detroit had “all the trappings of a third-world city — the showcase projects, an external enemy, and the cult of personality.” And this was in the good old days of the 1970s and 1980s.


Detroit

Coming to a national government near you.


digg this
posted by Ace at 01:36 PM

| Access Comments




Recent Comments
bluebell: "I don't know 75 people..... Posted by: Stateless ..."

Hadrian the Seventh: " I guess my invitation got lost in the mail. Pos ..."

bluebell: "I guess my invitation got lost in the mail. Poste ..."

Stateless: "231 I can't possibly host a Christmas party f ..."

JackStraw: ">>I can't possibly host a Christmas party for 75 t ..."

Hadrian the Seventh: " Oh crap! Posted by: Weasel at December 22, 2024 ..."

Weasel: " Must be getting close to the gun thread. I read ..."

Hour of the Wolf: "No pies leftover, yes cakes leftover. And cookies. ..."

Kindltot: "[i]Anybody knows what Presdent Obama is be doing f ..."

olddog in mo: "I can't possibly host a Christmas party for 75 ton ..."

bluebell: "No pies leftover, yes cakes leftover. And cookies. ..."

Eromero: "227 I can't possibly host a Christmas party for 75 ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64