Detroit is an Opportunity

Ransom Notes Radio
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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:

http://www.bloomberg.com/video/u-s-existing-home-sales-unexpectedly-fall-1-2-GEycE2b0SYKYPHfe7dfaJQ.html

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:

http://www.bloomberg.com/video/why-wti-brent-spread-matters-in-oil-market-mcjTjxyoQROKWu7jhlfXWw.html

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:

http://www.bloomberg.com/video/a-ceo-s-eye-view-of-obamacare-XeDCE72YS_uzm8dxo4hAiQ.html

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:

http://www.washingtontimes.com/news/2013/jul/21/disillusionment-of-obamacare-shifts-unions-politic/#ixzz2ZlcyrLrE

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

http://watchdog.org/96500/illinois-rewarded-for-misspending-only-52-million-on-food-stamps/

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

http://www.nypost.com/p/news/national/it_on_y22owkLpsldSAjDVC9isjM

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

http://nation.foxnews.com/2013/07/22/krauthammer-mocks-biden-detroit-remarks

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

http://www.bloomberg.com/video/what-s-left-of-detroit-after-bankruptcy-belv1MDHTBCgl5__5MMfJw.html

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