Detroit is an Opportunity

Posted: Jul 23, 2013 12:01 AM

When the City emerges from bankruptcy, they will have an opportunity to be the next great story of American endurance and ingenuity. . . Or they can continue to be the story of Liberal failure. Michael Schaus weighs in on the potential behind Detroit’s fiscal woes.           (Full show audio at the end of this post.)

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Show Prep:

What’s Right with Ransom:

Detroit. . . It’s an opportunity. If we just move away from the policies that led it to Bankruptcy, the city could become an example of American ingenuity and entrepreneurship. . . Not a model for failure. If only, if only:

Big Three:

Big News about Home Prices. Bloomberg’s chief optimist, Mike McKee, reports:

Gas prices, according to AAA, have gone up. And they are going to continue to go up. But the real news is in the WTI, and Brent:

I LOVE it when the news media picks up on things we’ve been saying for years. Scarlet Fu had this in her morning’s “must read” segment:

Stocks in the News:

Michael Schaus points out exactly what led to Detroit’s Bankruptcy – and how it ties into what our President is doing today:

Other News:

Oh, Fine. . . So now the unions are upset:

Hooray! Only 52million dollars misspent on foodstamps! (In Illinois. . . Which was lauded as one of the less wasteful programs.)

Of course, it all depends on your definition of “misspent.”

Yep. . . A paragraph to say “I don’t know.” This kinda sums up why Joe Biden says stupid things:

What’s left after Bankruptcy for Detroit? Well. . . Not much:

The full program, from start to finish, for your educational benefit: