fbpx
The Mike Church Show World HQ
The Mike Church Show World HQ

Detroit Bankruptcy Isn’t Just About Economics, It’s About Values

Mandeville, LA – Exclusive Transcript – We have the news from Detroit.  This is really sad, really sad and tragic.  It’s not sad and tragic just in an economic sense.  If you haven’t heard the news, Detroit is going to become the largest municipal bankruptcy in the history of the United States as it has filed for bankruptcy protection.  Much of this, I think, could have been averted, but it probably couldn’t have been averted in the last ten years.  In other words, what was set in motion 40 years ago, maybe 50, is what is responsible for this.  Check out today’s transcript for the rest…

 

Begin Mike Church Show Transcript

Mike:  We have the news from Detroit.  This is really sad, really sad and tragic.  It’s not sad and tragic just in an economic sense.  If you haven’t heard the news, Detroit is going to become the largest municipal bankruptcy in the history of the United States as it has filed for bankruptcy protection.  Much of this, I think, could have been averted, but it probably couldn’t have been averted in the last ten years.  In other words, what was set in motion 40 years ago, maybe 50, is what is responsible for this.  This is not something that just came up overnight.  It’s not something where we’re just in a spate of bad luck.  Yeah, you may have some misfortune there, but that’s not the cause of your troubles.  This goes way, way back.

What Lincoln Killed flyer
Hear the story of the United States AFTER the Constitution like you’ve never heard it before

Folks, you have to remember, and I hope that this comes out when there is discussion of this.  The only way you can benefit from making a mistake is if you learn from it.  Those of you that are athletes can tell you this.  You become a better athlete by doing things that did not produce the result you wanted.  That could be in some manner in which you’re practicing, or maybe during a game you make a wrong decision.  It might seem like the right one at the time and it turns out to be awful.  You learn from it.  You make a mistake, you learn from it, and you move on.  When you’re playing golf, one of the things you must train your mind to do is to absorb the mistake, catalog it that you’re not going to do that again.  There are very few physical mistakes in golf; a lot of mental mistakes.  I’d say the game is won and lost on mental mistakes.  Catalog what it is that you did, resign yourself not to do that again.  Put a red flag up in the old noggin and move along.

america-secede-or-die-t-shirtSo mistakes are actually good.  If we don’t have mistakes, we don’t learn.  If you don’t have mistakes, you can’t learn what works and what doesn’t work, what’s good and what’s bad.  The problem is when you ignore the mistakes.  When you ignore the bad, which Detroit, Michigan and other major American cities and probably three-quarters if not more of the elected political elite of the United States have not been learning from mistakes.  Detroit, Michigan’s troubles, in other words, are five decades in the making.  Detroit, Michigan was the model city for all of the wondrous things that the war on poverty could do.  Oh, the wonderful things LBJ can do.  He can give you a lot of money.  He can go moo moo.  Of course, I’m paraphrasing and satirizing Dr. Seuss’ Mr. Brown.  The analogy fits.  Oh the wonderful things the war on poverty can do.  And boy, didn’t it do wonderful things.

The things that happened in Detroit have been happening all across the U.S., and they have been happening as a result of a theoretical statement or a theory around which the policy was built.  You people know it well.  The theory is that poverty is an economic condition, a financial condition.  While the financial condition may be the symptom and may be how it outwardly manifests itself and may be easiest to see, that’s not what causes the financial condition.  Poverty is a poverty of values.  If you have a poor or no work ethic, you’re probably going to stink at earning wages.  You may think: So, I’m going to stink at earning wages.  Well, you’re probably not going to rise up the wage ladder.  If you don’t rise up the wage ladder, then you are probably going to be rated to be impoverished.  If someone comes along and tells you: Don’t worry about that work ethic thing.  We’ve got it covered.  We’ve got your back.  That is a very short description of what has happened over the last 50 years in Detroit….

For the rest of today’s transcript please sign up for a Founders Pass or if you’re already a member, make sure you are logged in!

Members Only Access The Founders Pass

You are missing out on crucial commentary video, audio and exclusive downloads!

See What You Are Missing Take The Tour!

OR Join Now

Franklin Approves!

City Of Detroit Teeters On Bankruptcy As State Audits Its Finances

Print Friendly, PDF & Email

Related Posts

Become a CRUSADER Today!

SUPPORT THE MIKE CHURCH SHOW
AND BECOME A PREMIUM MEMBER TODAY!
CHOOSE A MONTHLY SUPPORT LEVEL
$9.00 Basic Founders Pass
$16.67 PREMIUM Founding Brother
$49.99 PREMIUM Founding Father

GO PREMIUM FOR 30 DAYS FREE!

Click for 30 days FREE of the Mike Church Show

Signup for Mike’s Daily [r]epublican Newsletter

Subscribe: Red Pill Diary Podcast

>
Scroll Up