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Real Crash - by Howard

 
We can avoid nuclear war by putting the financial system into bankruptcy reorganization.Need Glass-Steagall Act, water projects, space program. Need a change to production, the real American System.

Michael Moore, Capitalism, and Detroit

Real Crash- Looking at the Financial System and the War Drive:
More to Michael Moore and Capitalism
More to Michael Moore and Capitalism



It's a well known situation that Detroit Michigan has deteriorated in a remarkable fashion. I hear that a lot of the shots of vacant Detroit and Flint Michigan have made it into the Michael Moore movies, like "Capitalism." In early October, the city of Detroit received $15 million of Obama Stimulus cash, to help destitute homeowners pay their bills. Newly abandoned properties reach the number of 9,000 "tax-delinquent" properties, enough to fill New York's Central Park.


Last week, the city held an auction to try and recoup whatever possible from the sale of these seized properties. Of the 1,800 which were sold (this was actually the second attempt), most went to carpetbagger developers from New York and California, leaving the few local residents who could pay (many who were turned away simply because they missed a registration deadline), out in the cold.

Having already been faced with this collapse, the (Michael Moore famed) city of Flint started a land bank in 2007, which allowed property owners to sell their land to a local church, for a mere dollar. The city now pays the churches to maintain the houses, or turns the empty land into parks.

New Dark Age, anyone? After 30 years of screaming-- no public planning, everything private finance, we love the British Financial Empire, we have the result-- dead cities. Time to return to the real American System.
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Comments
7 Comments. [ Add A Comment ]
1. October 28th 2009 @ 13:04. S.L. Says:
If the government hadn't taken over the automobile industry and had allowed them to recover on their own, Howard, these problems wouldn't exist. If the government hadn't manipulated the real estate market it wouldn't have caved in. And if B.O. (B.S.) didn't require total inexperience for those he puts in charge, maybe it wouldn't be so bad. And how about the "Cash for Clunkers" plan! That helped a lot! The Japanese are still smiling.

But take heart, my friend, Joe Biden has used "porkulus" money to reopen a GM plant. Of course, it's in Delaware, not Detroit... minor detail.
2. October 28th 2009 @ 13:11. Howard Says:
I knew that post would get your goat!
3. October 28th 2009 @ 14:43. S.L. Says:
It worked!
4. October 29th 2009 @ 12:39. Mountain Fog Says:
Howard,
S.L. seems to forget it was "Reaganomics" that was the original cancer that has led to the continual destruction of jobs on US soil. And what of the Bush presidencies? What did they do to help the middle class and the battling workers? ZIP! I also note Clinton did bugger all to fix these problems.

I have seen the Moore doco and reviewed it. The problems grew with the disappearance of corporate and government social conscience; Capitalism used to basically provide for everyone, in health and education, now the tax money that used to go to those worthy investments, in the future of the populace and therefore the country, go straight into the pockets of billionaire owners and multi-millionaire investors. Remember "trickle down economics"? What Reagan failed to tell everyone, (or his advisers failed to tell him is more likely), the trickle went as far as the big end of town, and stopped!

The top 1% of the money earners' tree have never had it so good. They only pay 1% tax, how much do the rest of us pay?

Why anyone, who isn't a member of a billionaire's family, would support such a despicable corruption of the once good moral ground America was built on, is beyond my comprehension.

Check some of out Moore's epic here;

Capitalism film LINK

cheers

fog


5. October 29th 2009 @ 13:02. S.L. Says:
Apparently Fog has been indulging in Kool Aid for too long. First of all, the top 1% of money earners pay most of the taxes. Instead of a flat tax where everyone pays the same percentage, the amount varies widely. You might want to consult the IRS about the rates, instead of Michael Moore.

Secondly, "trickle down economics" does work. If you doubt it, go to a guy on welfare the next time you need a job and see what he's willing to pay.
6. October 29th 2009 @ 13:55. Howard Says:
I love all this attention.
7. October 29th 2009 @ 14:08. S.L. Says:
Enjoy it, Howard! Of course, I wouldn't mind if you stopped by my blog from time to time...

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