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Politics
1:32 pm
Tue May 24, 2011

Gov. Snyder confident budget deadline will be met

Credit (photo by Steve Carmody/Michigan Radio)
Gov. Rick Snyder (R) Michigan

There’s one week left for the legislature to meet the governor’s deadline for passing a state budget before the end of May.  Governor Rick Snyder says negotiations are still on pace to wrap up by May 31st .   

“There are still lots of things…because it’s a very large document…that we need to get through.  But that’s all part of the process….and its coming along in a positive way.”     

But if the final deal isn’t ready until a few days later, Snyder says that would be OK.  

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Politics
12:54 pm
Tue May 24, 2011

Report: Thaddeus McCotter considers presidential run

Credit Rep. Thaddeus McCotter / U.S. House of Representatives
Michigan U.S. Representative Thaddeus McCotter (R-11th District) told Politico he's mulling over a run for the White House.

The man President George W. Bush once dubbed "that rock and roll dude" is considering a run for the White House.

In a interview with POLITICO, McCotter said he thinks the Republican electorate is not happy with the choices they have "and want to take a look at new people."

McCotter said his party must address four big issues:

  • "the challenge of globalization
  • the war for freedom against terrorists
  • the rise of Communist China
  • and whether moral relativism erodes a nation built on self-evident truth"

When asked how he thinks he can become a viable candidate for the Republican nomination, McCotter said it's easier for candidates to get their word out these days. From POLITICO: 

McCotter said the revolution in communication and media has made it easier for aspiring politicians who don’t have the sort of name identification or personal wealth that traditionally determined who could mount a national campaign.

“It’s easier to get your message out today, and people will take a look at it — and if they like it, maybe they vote for you,” he said.

Pressed further, the Michigander quipped: “I’m from Detroit — we live to prove the doubters wrong.”

McCotter plays lead guitar in the Second Amendments, a rock and country band made up of members of Congress. He was in the national spotlight recently when he had a little "Led in the Head" during the government shutdown debate: 

 

McCotter says he'll decide within the next two weeks whether he'll make a run for the White House.

Commentary
11:55 am
Tue May 24, 2011

Chrysler Resurgent

What goes around comes around, and if you live long enough, you get to see it come around more than once.  I’ve now been through two Chrysler near-death experiences in my adult life.

That includes two controversial loan or loan guarantee cycles, two cases of triumphant resurgence, and as of today, two triumphant moments in which the loans were paid back early.

Wasn’t it just the other day that Lee Iacocca was standing on a stage, grinning from ear to ear, and presenting a huge signed check to pay off the last of his generation’s loan guarantees?

Actually, that was 1983. We were still worried about the Soviet Union and there wasn’t any World Wide Web, but it wasn’t all that long ago. Today, it will be Sergio Marchionne pushing buttons to execute wire transfers to pay off loans.

But it feels pretty much the same. In between, we had interludes in which Chrysler sold itself first to the Germans, then the Italians. I hope somebody realizes that they are running out of former Axis nations to partner with. The only one left has its hands more than full with Toyota and the aftermath of the tsunami.

Seriously, what will happen today is good news. It is also a stinging rebuke to those who argued in 2009 that the government should just let General Motors and Chrysler die. That would have plunged us into deep depression.

Now the company is back on its feet - or almost. One thing that is important to remember is that Chrysler is not really an independent company any more. There is no more Chrysler Corporation. It is now the Chrysler Group, LLC. And to all intents and purposes, it is a division of the Italian automaker Fiat.

Fiat, which already has a controlling interest in Chrysler, will be majority owner by the end of the year. The Italian automaker’s stake in Chrysler may eventually rise to about three-quarters, with the remaining share sold as stock to the general public.

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News Roundup
9:03 am
Tue May 24, 2011

In this morning's news...

Credit Brother O'Mara / Flickr
Morning News Roundup, Tuesday, May 24th, 2011

Chrysler to Repay Government Loans

Chrysler is expected to pay back its federal loans in full today. Michigan Radio’s Tracy Samilton reports:

Chrysler will wire-transfer nearly $6 billion to the U.S. Treasury and $1.5 billion to the governments of Canada and Ontario. Chrysler used some cash from Fiat for the transaction - and refinanced the rest with loans from private banks and investors.The U.S. Treasury still holds about eight and a half percent of Chrysler stock. Fiat could end up buying that stock in the future. As of today, Fiat owns forty-six percent of Chrysler

Crime in Michigan's Largest Cities

The FBI released its preliminary Uniform Crime Report yesterday. The report lists crimes reported in cities with more than 100,000 people. The report shows a decrease in violent crimes in Detroit from 18,000 in 2009 to 17,000 in 2010. Flint, however, had the highest violent crime rate in the nation last year, according to the data. Flint set a record for homicides in 2010.

Plan to Stop the Carp

A new plan has been released by federal and state officials on how to deal with the threat of Asian Carp, an invasive species that many worry could destroy the Great Lakes’ eco-system. Michigan Radio’s Steve Carmody reports:

The plan includes stepping up tracking of the invasive fish species and contracting with Illinois fishermen to catch the carp before they can reach Lake Michigan. Michigan Senator Debbie Stabenow says the best way to prevent Asian Carp from reaching Lake Michigan is to close man-made canals linking the Great Lakes with the Mississippi River. Illinois business interests and politicians are opposed to closing the canals.

Al-Qaida Bomber Leaves a Fingerprint

The FBI has a fingerprint and forensic evidence linking al-Qaida's top bomb maker in Yemen to both the 2009 Christmas Day airline attack and the nearly successful attack on cargo planes last year, the Associated Press reports. From the AP:

Investigators have pulled a fingerprint of Ibrahim al-Asiri off the bomb hidden in the underwear of a Nigerian man accused of trying to blow up a plane over Detroit on Christmas Day. Counterterrorism officials say the explosives in that bomb are chemically identical to those hidden inside two printers that were shipped from Yemen to the U.S. last year.

Politics
5:46 pm
Mon May 23, 2011

Democrats say budget deal kicks off next phase of fight about Michigan's future

Credit user aunt owwee / Flickr
The budget should be wrapped up soon. Democrats say the fight will continue.

Governor Rick Snyder and legislative Republicans are expected to wrap up work this week on the budget. If they succeed, they will meet the governor’s target of finishing the budget four months ahead of the constitutional deadline.

Democrats, who are in the minority in the House and the Senate, have some objections, but expect to lose this week’s budget battle.

That won’t stop them from calling for using a revenue windfall to make sure schools don’t lose any money in the new budget.

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