Detroit Emergency Manager Orr: City was “dumb, lazy, happy and rich”

[pa28]

In an interview with the Wall Street Journal, Detroit Emergency Manager Kevyn Orr had some choice insulting words about union workers in Detroit. In the interview, he had this to say:

"For a long time the city was dumb, lazy, happy and rich…Detroit has been the center of more change in the 20th century than I dare say virtually any other city, but that wealth allowed us to have a covenant [that held] if you had an eighth grade education, you’ll get 30 years of a good job and a pension and great health care, but you don’t have to worry about what’s going to come."

"union workers" in other words. Orr rushed into bankruptcy with the intention of crushing labor. Now he's whining because unions would not take 25 cents on the dollar for their pension which is 90% funded. Yes, that's right. 90% funded.

Meanwhile Orr offered bondholders 75 cents on the dollar.

http://www.eclectablog.com/2013/08/detroit-emergency-manager-orr-union-workers-were-dumb-lazy-happy-and-rich.html

[HiPointDem]

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