Stunning Detroit Dysfunction Reported — A Harbinger of Things to Come?

Detroit-MichiganI’m originally from Michigan, so I’m somewhat biased. This short video about my beloved Detroit shows what happens when voters elect irresponsible and incompetent politicians, who promise more than they can deliver. Eventually, the laws of economics and sound business management catch up with the greedy voters and the self-serving politicians. Treating elections like high school popularity contests is a disastrous mistake and more and more of our citizens are doing just that!

Obama likes to claim he rescued the Detroit automotive industry and, specifically, General Motors and Chrysler. But in the process he sacrificed Detroit. In fact, he rescued the United Auto Workers union and their corrupt leadership, while screwing the bondholders and investors. The Obama administration also violated the bankruptcy laws in the process – in addition to violating the laws of economics.

(Frankly, the poor guy probably doesn’t know the first thing about economics – much less good management practice. He was trying to do his political best. It’s always politics with Obama and the Democrats. But that’s not good enough as the disaster in Detroit so clearly demonstrates.)

About the author: William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.

View all articles by William Pauwels

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