Skip to main content

View Diary: Detroit's EFM: four tax liens in four years (116 comments)

Comment Preferences

  •  4 times and he's not aware? (9+ / 0-)

    No letter in the mail? No call from his tax accountant?

    Sorry, if you want to place blame, blame the lousy vetting process from our less-than-bright governor.  It took the Detroit News 1 day to find this information.  

    The EFM is undemocratic, the people of the state voted it down, and Snyder and the legislature reinstated it anyway.  Now their chosen guy has tax problems and we are to look the other way.  I AM NOT BUYING IT.

    Imagine all the people, living life in peace. You may say I'm a dreamer, but I'm not the only one. John Lennon

    by GwenM on Sat Mar 16, 2013 at 03:01:49 PM PDT

    [ Parent ]

    •  So why is the council and mayor supporting him? (1+ / 0-)
      Recommended by:

      Could it be that maybe, just maybe, they realize Detroit is in deep trouble, and the guy who is going to help turn it around is actually good-intentioned and wants to help?

      •  They'll support him b/c he'll take the political.. (1+ / 0-)
        Recommended by:

        ...hits arising from the decisions he's going to make.

        He'll make all the decisions that will very negatively impact traditional Dem constituencies.  They'll then say that, had they been in a similar position, they could have improved Detroit without slashing the public work force.

        In the end, the onlookers will have ensured their political viability.

        The EFN, by virtue of the decisions he's going to have to make, we'll ensure that he won't ever get elected to any office.

        Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

        by PatriciaVa on Sat Mar 16, 2013 at 03:23:24 PM PDT

        [ Parent ]

        •  So basically, the city council is frozen (3+ / 0-)
          Recommended by:
          PatriciaVa, Christin, sydneyluv

          And can't do what needs to be done.  Why is that preferable to let them keep doing nothing?  The senate's likewise politically gridlocked and everyone here--me included--wants to bust up the filibuster to get things going.

          So what's the problem?  The elected officials are choosing to cooperate because they want the changes but don't want the political hit.  Detroiters could still elect a new council if they want to have someone come in and fight to do things on their own.  Detroiters can vote to remove Snyder in the next election.  

          Yes, Snyder is an asshole.  And so I understand the impulse to assume that whoever he picks is an asshole.  But I do have to say that the person he picked for the EM role is one of the good guys.  I'm not going to convince a lot of people here (although you can see that I've been on DKos for a long time and am not some RW puppet account), but I do know Kevyn.  You can confirm for yourself online that he's a Democrat and has only supported Democrats financially for office.  I think he can turn things around.  

          •  I don't dispute what you've said re Kevyn (2+ / 0-)
            Recommended by:
            Christin, FG

            And I have no reason to believe that he's anything but a good guy.  Tax snafus?  If Geithner had them, and Dems overlooked that transgression, we certainly can overlook this mistake.

            But this is politics, and his political adversaries will focus on any  perceived weakness to make a political point.  Scrivener, if you were representing the teachers union, and you saw that your members were about to take a potential 40% hit to their salaries, wouldn't you do the same?

            The EFN is about to take one for the team.  Perhaps he never had any political aspirations, so, in the end, it won't really matter,.

            Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

            by PatriciaVa on Sat Mar 16, 2013 at 03:45:50 PM PDT

            [ Parent ]

            •  And he admitted that. Watch the presser (1+ / 0-)
              Recommended by:

              He said that he knew he was like the "undertaker at the door" and that people were going to hate him.  He's making $275k, but that's definitely far less than what he was earning as a big law firm partner.  

              I think it's also been pretty clear that he is not just going to ax public servants to keep bondholders whole.  That certainly didn't happen with Chrysler, where a lot of very rich bondholders got pennies on the dollar, while the unions came out pretty good.

      •  They have NO CHOICE (5+ / 0-)

        The state owes Detroit over $200 million, which they will not pay. The industrial tax base was destroyed, Matty Maroun still owns that icon of blight the Central Train Station, and no one is coming to help.  Where is the investment in jobs for this City?

        Watch as they sell off all the public assets of value to balance the books.  

        We keep hearing about the $14.9 billion in long term liabilities.  If we had a thriving tax base, that wouldn't be an issue.

        Mr. Orr seems to have good intentions, but he is making $275,000 per year to understand finances as a professional.  I can tell you, if I had 4 liens against my property in 4 years, I'd be aware.  Snyder's people should have caught this.

        Imagine all the people, living life in peace. You may say I'm a dreamer, but I'm not the only one. John Lennon

        by GwenM on Sat Mar 16, 2013 at 03:24:49 PM PDT

        [ Parent ]

        •  And that mistake doesn't negate (1+ / 0-)
          Recommended by:

          Kevyn's significant, documented expertise with financially distressed entities.  He was one of the guys who kept Chrysler afloat, which all of us Democrats and President Obama rightfully bragged about last year.  

          It's just silly to pretend otherwise, that's why it's a cheap shot.  Was Michael Jordan a shitty basketball player because he flamed out in Minor League Baseball?

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site