WHY DETROIT IS BROKE !

Detroit Bankruptcy Due To Canadian Bridge, Casinos, And Hollywood

Bush League, Corrupt Politicicians Cause Bailout

Confidential emails indicate Michigan Govenor Rick Snyder's March 1st announcement of a take over of the city of Detroit did not address the root causes of the financial collapse of the Motor City. Emails between Detroit Jerome Almon and several high Michigan and Canadian politicians, as well as several prominent business entities indicate Detroit was corrupted and "bush leagued" into bankruptcy. The emails indicate that Detroit lost out billions in tax revenues and economic activity and one hundred to two hundred thousand jobs due to the incompetence of state and city politicians alone.  This includes a $100 million, a $500 million, $1 billion, and $4 billion opportunities that either left Detroit or were lost due to lack of world class politicians in the state of Michigan and city of Detroit. The lack of world class leaders is the major component in the collapse of Motown according to evidence contained in the emails.

 Numerous emails indicate that Michigan politicians, including former Govenor Jennifer Granholm's attempt to usurp the idea for the Michigan Film Incentive Program resulted in the state being fleeced by Hollywood. The program ended up costing tax payers hundreds of millions of dollars with no visible benefit according to both current Governor Rick Snyder and numerous media reports.  The program was reduced to $25 million by Govenor Snyder from hundreds of millions on the 42% per film rebate under Granholm, which is now being phased out completely.

The city of Detroit was also hard hit by its decision to build three casinos in the 1990's. The casinos rake in nearly $1.5 billion annually, with most of the revenues being shipped to Las Vegas and New York.  The casinos pay one of the lowest tax rates in the country, and have led to the flight of the middle class. Additionally, the casinos led to the flight of a large percentage of the middle class  and businesses due to the severe uptick in crime that came with casinos. This in turn led to drastic cuts in police, fire, and other city services. Behind the scenes emails indicate the process and deal cut by the city and state was rife with irregularities. 

The Center For Public Integrity rates Michigan an F when it comes to corruption, tantamount to the state being a "theftocracy." Other serious issues that led to Detroit's need for a federal tax payer bailout include the facts that the city has paid over a quarter of a billion dollars to settle police and corruption lawsuits,  continues to elects  chronic Congress like city council, it is continually ripped off by outsiders using the city's name, and the fact no plan was ever devised to correct these issues. Most damaging was neglect of the auto industry which eventually lead to its collapse and bailout.

 The website, Facebook, and Twitter page www.preactdontreact.com will address the bankruptcy at length.