Detroit Hock City

  • Aired:  07/22/13
  •  | Views: 865

Detroit's auto industry was too big to fail, but Detroit's public sector workers are just small enough to not give a s**t about. (4:31)

BACK THEN.

HOW DID DETROIT GET INTO THIS

MESS?

MUCH MORE IMPORTANTLY, WHO IS

RESPONSIBLE?

>> SNYDER'S EMERGENCY CITY

MANAGER IS TO BLAME.

>> CORRUPTION RUN RAMPANT UNDER

THE MAYOR.

>> LEFTIST DEMOCRATS.

THE DOWNFALL OF THE AUTO

INDUSTRY.

VERY POOR TAX COLLECTION.

>> GLOBALIZATION AND

TECHNOLOGICALLED ADVANCES, LOSS

OF JOBS.

>> John: SO IT APPEARS THAT

WE'VE NARROWED DOWN THE BLAME TO

EVERYBODY.

YOU KILLED DETROIT.

YOU KILLED DETROIT.

YOU KILLED DETROIT.

EVERYBODY KILLED DETROIT.

[ CHEERS AND APPLAUSE ]

NOW NOBODY GETS A CAR.

WELL, ACTUALLY YOU DO BUT IT'S A

MORE AFFORDABLE CAR IMPORTED

FROM COUNTRIES LIKE.

♪ JAPAN ♪♪

AND.

♪ KOREA ♪♪

WHERE THE CARS ARE CHEAPER

BECAUSE THE PRICES AREN'T PUSHED

UP BY THINGS LIKE.

♪ HIGHER LABOR COSTS ♪♪

LOOK, THESE MUSICALS ARE CATCHY.

THAT'S A FACT.

I DON'T WANT TO ARGUE ABOUT IT.

FOLKS, IF EVERYONE CREATED THIS

MESS, WHO ULTIMATELY IS GOING TO

PAY THE PRICE FOR IT?

WILL IT BE, A, VULNERABLE

WORKING CLASS RETIREES.

OR WILL IT BE, B, IT'S A.

>> WORKERS ARE BRACING FOR WHAT

COULD HAPPEN TO THEIR PENSIONS

AND HEALTH CARE.

>> THE REAL VICTIMS ARE GOING TO

BE PEOPLE WHO ARE ESSENTIALLY

GOING TO SEE THEIR CONTRACTS

WITH DETROIT BROKEN.

PENSIONERS, PUBLIC SECTOR

WORKERS.

FOLKS IN UNIONS.

>> I GET IT.

SO DETROIT'S AUTO INDUSTRY WAS

TOO BIG TO FAIL BUT DETROIT'S

PUBLIC SECTOR WORKERS ARE JUST

SMALL ENOUGH NOT TO GIVE A

[BLEEP] ABOUT IT.

HERE IS HOW CRAZY THIS STORY IS

IS.

WE ALL DETROIT TO EMERGE FROM

BANKRUPTCY OKAY, BUT WE MIGHT

NOT WANT IT TO EMERGE TOO OKAY.

AND HERE IS WHY.

>> THEY ARE REALLY IN DIRE

STRAITS.

THEY CANNOT PAY THEIR BILLS.

BUT THERE ARE A LOT OF OTHER

CITIES AND UP TOES AND

COMMUNITIES ACROSS THE COUNTRY

WHERE WE HAVE UNFUNDED PENSIONS

AND LIABILITIES AND HEALTH CARE

COSTS.

AND THEY ARE WATCHING VERY

CLOSELY TO SEE HOW THIS IS

TREATED IN COURT SO IT'S REALLY

A TEST CASE.

YES, WE COULD SEE MORE OF THIS.

>> John: OH, THAT'S JUST GREAT.

SO IF THIS DOESN'T WORK, DETROIT

WILL DIE AND IF IT DOES WORK,

OTHER CITIES MAY TRY GOING INTO

BANKRUPTCY TO SCREW OVER THEIR

RETIREES.

I'M TALKING ABOUT YOU.

GLOAT BALTIMORE AND LOS

ANGELES ♪♪

DON'T APOLOGIZE FOR LIKING THAT

SONG.

LOOK, I UNDERSTAND HOW

BANKRUPTCY WORKS.

EVEN IF DETROIT DOES COME BACK,

IT'S NOT GOING TO HAPPEN BEFORE

ITS CREDITORS GO FULL HARD-CORE

PORN ON THE PLACE.

>> YOU TALKED ABOUT POSSIBLY

HAVING TO SELL CITY ASSETS

INCLUDING THE INTERNATIONAL

AIRPORT IN DETROIT, INCLUDING A

PARK, INCLUDING THE VERY

VALUABLE TREASURES AT THE

DETROIT INSTITUTE OF ART.

IS THAT ALL THAT ON THE TABLE.

>> I SAID AT THE BEGINNING

EVERYTHING IS ON THE TABLE.

>> John: EVERYTHING'S ON THE

TABLE.

EVERYTHING IS FOR SALE.

YOU WANT A HOCKEY TEAM, THE RED

WINGS ARE YOURS.

ARE YOU HUNGRY?

CONSIDER THE DETROIT ZOO.

YOUR PERSONAL MEAT LOCKER.

ARE YOU LOOKING FOR A HAND JOB?

BECAUSE FOR $10 WE'LL GIVE YOU

THE GREATEST HAND JOB OF YOUR

LIFE.

THAT'S A HUGE HAND JOB.

THAT IS INSULT TO SIGNIFICANT

ECONOMIC INJURY.

NOW ONE PARTICULAR DETROIT

TREASURE MAY GET THE MOST

ATTENTION.

>> HOWDY DOODY COULD BE THE

MOTOR CITY'S SAVIOR.

THE ORIGINAL MARIONETTE USED IN

THE 1950'S TV SHOW IS PART OF AN

ART COLLECTION THAT'S ESTIMATED

TO BE WORTH A BILLION DOLLARS OR

EVEN BILLIONS OF DOLLARS.

>> John: NOT HOWDY DOODY.

ALTHOUGH PERHAPS WE SHOULD HAVE

ALL SEEN THIS COMING.

THERE WAS THAT ONE EPISODE YEARS

AGO THAT DOES NOW SEEM ODDLY

PRESCIENT.

>> HI, KIDS.

ENJOY THE CITY WHILE YOU CAN

BECAUSE IN 50 YEARS, THANKS TO

POOR URBAN PLANNING, CORRUPT

MANAGEMENT AND THE NATURAL

FORCES OF CAPITALISM, THIS CITY

WILL BE REDUCED TO A BANKRUPT

CITY.

>> John: INTERESTING SIDE NOTE

THERE.

THOSE CHILDREN ARE NOW 75, AND

THE CITY IS WAVING HOWDY DOODY

TO THEIR PENSION.

WE'LL BE RIGHT

Loading...