Late Night: If Only Detroit Was Too Big to Fail
Posted in: Economy
On Sunday, Orr and Snyder said that they empathize with the fears of retirees but added that the city had ignored its problems for too long and that now there is no choice but to limit pension payments.
“You get honest about it to start with,” Snyder said on NBC’s “Meet the Press.” “. . .In many cases for the last 60 years, people have ignored the realities of the situation. We’re being real now.”
Detroit Mayor Dave Bing said on ABC’s “This Week With George Stephanopoulos” that one option not on the table is a federal bailout. “I think it’s very difficult right now to ask directly for support,” he said.
Well yeah. It is difficult to ask directly for support. It’s not like you’re a financial institution, after all.
It’s not like you spent the past 15 years putting the entire national economy on red in Vegas.
It’s not like you bet against your own customers and then sold them out without telling them.
It’s not like you took your federal bailouts and then backed a greedy fuck in the next election whose campaign did nothing but bash the entire CONCEPT of federal government.
It’s not like you reacted to the slightest attempt to regulate your business like someone who just watched his puppy gunned down in the street, and then demanded the rest of the world treat your feelings like a national emergency.
If you were one of those guys, hey, no problem. The free money pile is that way. Here’s a wheelbarrow. May we push it for you? Wouldn’t want you to strain your back.
Now come vulturous fucks Kevyn Orr and Rick Snyder to tell other people it’s time to get “real,” because apparently losing your house and a retirement income YOU WERE PROMISED and facing the possibility of living in your car as a reward for working your whole life for the public isn’t “real.”
Now come Kevyn Orr and Rick Snyder, scraping their beaks on the bones of the wounded, to explain how they have no choice but to take everything away from people who have nothing, because sometime in the past somebody had the stupid idea that we should take responsibility for the people who take responsibility for us.
Kevyn Orr, by the way, is getting paid $275,000 to tell people who made $35,000 a year their whole lives to get real. Just in case your irony meter wasn’t already buried in the red zone. The public has no choice but to pay him, I assume, the same way it has no choice but to act like people who retired because they had every expectation of being able to retire because they had done literally everything in their lives right at this point are the anchor dragging Detroit down.
If only they’d crashed the entire trading floor, left the housing market in ruins, and bitched to the WSJ’s editorial board about how mean everybody was. Then they could belly up to the federal bar and order a double of whatever the banks are having.