europe, if we can bail out wall street, which we did, if we can rescue the auto industry, which was the right thing to do, then i think we ve got to think about creative measures in which we can help urban centers across the country experiencing financial difficulty. do you worry about who will have sufficient power as this process rolls forward in bankruptcy court to look out for workers? we re now we ve now we re now no longer in the world of democratic politics. we re in the world of the court of law and you have lawyers that are making a case about the illegally of this. are you worried that now that it s been taken out of the hands of any kind of semblance of self-government, it s been put into a bankruptcy court, that yes, please? i m sorry. go ahead. i m sorry. no, the most powerful people in that court are going to be the wall street lawyers. well, i mean, we ve got to fight it, and we ve got to make our voices heard in the city of
go ahead. i m sorry. no, the most powerful people in that court are going to be the wall street lawyers. well, i mean, we ve got to fight it, and we ve got to make our voices heard in the city of detroit and around this country. that s why we re organizing our retirees. we re organizing our communities. folks who believe that if you play by the rules every single day, then you deserve a decent retirement that cannot be attacked. it cannot be reduced. we have to continue to mobilize our communities. i mean, we re going to be in court. we ll do anything we possibly can to protect the rights of our retirees. those folks who have provided essential services to the citizens of detroit. lee saunders, i want you to stick around, because if you watch conservative media, if you read the right wing, it s the public sector unions bankrupting america, and detroit is just the beginning, you re to blame for all of america s problems. i want to talk about that right after this break. hey linda!
no, the most powerful people in that court are going to be the wall street lawyers. well, i mean, we ve got to fight it, and we ve got to make our voices heard in the city of detroit and around this country. that s why we re organizing our retirees. we re organizing our communities. folks who believe that if you play by the rules every single day, then you deserve a decent retirement that cannot be attacked. it cannot be reduced. we have to continue to mobilize our communities. i mean, we re going to be in court. we ll do anything we possibly can to protect the rights of our retirees. those folks who have provided essential services to the citizens of detroit. lee saunders, i want you to stick around, because if you watch conservative media, if you read the right wing, it s the public sector unions bankrupting america, and detroit is just the beginning, you re to blame for all of america s problems. i want to talk about that right after this break. [ tires screech ]
they ll want the, you know, new business tax incentives. will those be able to be offered? mm-hmm. yes. we continue to offer those on a regular basis here in the city of detroit. it is an interesting story. i call it the tale of two cities because while we are constantly getting new businesses and new jobs and our downtown is thriving in a way that it hasn t in a very long time, our neighborhoods continue to suffer because our tax base is growing but it s not growing at the rate we need it to in order to get a handle on our debt and our constant our annual deficit. so businesses are still being offered. tax incentives are being offered and one of the great things we can provide is real estate, beautiful real estate at a price that you can t get anywhere else. we ve heard it said earlier today that getting an apartment there in downtown detroit versus here in new york city where you
is joanne watson, city council member in the city of detroit for her solution out of this. after the election of jimmy carter mayor coleman alexander young, he went to washington, d.c., he came back home with some bacon. that s what you do. that s what you do. this is, this is our people in an overwhelming way supported the re-election of this president and there ought to be a quid pro quo and you ought to exercise leadership on that. of course not just that but why not? bill: i don t know if she still feels that way today but that sound like a request for a bailout, stuart. flat-out. that was a request. it was many a demand for a bailout. we voted for you in overwhelming numbers. now you re elected president for a second term. come through with federal money, bail out detroit. that is what it was all