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The bankruptcy for joining us -- Rick Berman from the center for union facts are correct.
Use separate survey half time well you say that -- -- all the union's fault I know what I know that's what you site.
Does it also have something to do with a corrupt government does it also -- them to do with rapid population decline.
Does it -- some -- the do with the demise of Detroit has the auto industry -- focal point.
Well you're absolutely right there's and there's always more than one reason in the the corruption in the Coleman Young administration in Kwame Kilpatrick.
Mayor of of Detroit was terrible terrible episode.
The 67 race riots.
Certainly contributed to white flight which in turn meant that the tax base left.
Detroit left Michigan for that matter.
But I was in the steel industry and I was in the auto industry.
And what -- what's certain is that the unions as well as management made some terrible mistakes.
And you had the union.
Take Ford for example before Ford went out of business.
Ford had thirty pages on seniority.
That that really took away management's decision to who could work in what job and could the most effective people -- the most efficient people be working in certain jobs.
You have the General Motors contract where the union dictated to the company which cars could be maiden which plans for how many years.
-- that's the kind of thing that destroyed the the industry and win the auto industry went down the supplier industry went down -- retailers who.
Who service those of those suppliers they all went down you have Detroit as well as Michigan and a death spiral.
Now it looks to me like this federal judge is gonna say yes you could declare bankruptcy but it will be a federal judges decides who gets -- in Detroit.
Odds are very strong that the union guys there's 20000 retirees will not get what they -- being promised -- no matter walk the state constitution sets.
Not put it to you.
That sends a message to union retirees.
Municipal retirees all across the country.
Because they may not get what they have been promised so you may say that this is the union's fault.
But the -- is that going to be the big loses apart from the creditors -- always settles down.
Yeah well actually half of the shortfall.
In the Michigan financial -- -- -- the Detroit financials.
Is money that's owed to retirees.
And these are people who are counting on health benefits pension benefits.
And quite frankly they're the ones who are getting screwed by all this because.
The union leadership the one thing that the union leadership didn't do.
Was agreed -- more layoffs it's not like these people are getting tremendous salaries or tremendous pension benefits.
Compared to other public employees but there are too many people working -- you have lost half of Detroit's population.
And you didn't cut back on the number of people in city services that we're trying to service those people that are just too many people -- an offer of the taxpayer.
What about a bailout it will never be called -- -- out of -- but help for the State's help for the city's.
I think that that is -- probability.
From the Obama administration what say you.
I think it's a non starter I don't see how you get I don't see how you get it through the congress I think that shift money from all the sources that wouldn't put it through congress because of as you say it wouldn't get through congress but I think -- could shift money from other sources from all the programs and stick it into Detroit somehow or other tests to bail -- those -- What he said of that.
Well you know I've always been a fan of creative thinking but this would really be a stretch his.
Our recruitment we're hearing you thanks so much for joining us -- -- -- had like a lot.
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