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Detailed text transcripts for TV channel - MSNBC - 20120501:08:49:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120501:08:49:00

Michigan, under state supervision from 1986 to the year 2000. how did that decade of control go for fixing things in ecorse, michigan? there's the city of flint, michigan. the buckle of the rust belt. flint went broke a decade ago and got fixed by an emergency manager. after that flint went broke again and has another emergency manager. there's highland park, michigan, a city inside detroit that spent the whole decade of the 2000s under emergency management. heck of a lot of good that did them. the state took over the school district in highland park, too. it's been the argument of michigan st...

Detailed text transcripts for TV channel - MSNBC - 20120501:08:52:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120501:08:52:00

Manager has become a whistleblower about michigan's radical emergency manager law, the law that does away with your right to vote for your representatives at the local level. a speech was given in michigan last week in which he said it doesn't make sense to try to save these towns by rendering newt, by doing away with the means by which most towns are supposed to work and solve their problems. he says an emergency manager must work toward building up the social capital, building up the democracy of the town if the town's going to survive after an emergency manager guy like him leaves. >> you t...

Detailed text transcripts for TV channel - MSNBC - 20120501:04:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120501:04:47:00

Add all of this up on one side of the ledger, if pontiac, michigan, laid off every single person, and as an emergency manager, you can do that. if you fired everybody, if you eliminated the whole town payroll, pontiac would still be in the red, in deficit by over $1 million. even with nobody working for the town. with all the power michigan republicans had given him, with unilateral authority to ignore the city's founding charter and do anything he wants, with the power to be a dictator in the particular american city, michael stampler could not fix pontiac's budget. he proposed pontiac give u...

Detailed text transcripts for TV channel - MSNBC - 20120501:08:47:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120501:08:47:00

Plus tax money from the county is down 8 o% leaving the city on the hook for a couple million in debt. add all of this up on one side of the ledger, if pontiac, michigan, laid off every single person, and as an emergency manager, you can do that. if you fired everybody, if you eliminated the whole town payroll, pontiac would still be in the red, in deficit by over $1 million. even with nobody working for the town. with all the power michigan republicans had given him, with unilateral authority to ignore the city's founding charter and do anything he wants, with the power to be a dictator in th...

Detailed text transcripts for TV channel - MSNBC - 20120501:04:45:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20120501:04:45:00

Trucks in pontiac, too. that's over now. they moved that work to indiana. the detroit lions used to play football in the pontiac silver dome. the lions left pontiac in the silver dome in 2002. this is pontiac now and frankly pontiac is broke. in 2009 the state took over pontiac and installed an emergency manager whose mission was to balance the books in that city. a few months into his tenure, they sold the pontiac silver dome to a guy from canada. in the mid 1970s the silver dome cost $55 million. when they sold it in 2009, the price they got for it was just over half of $1 million. the year ...