Crony Capitalism Works In Kansas City



In this clueless cheerleader screed from KCBJ, the local news honcho makes an argument about the importance of personal relationships . . .

Personal connections bring KC's convention hotel to fruition

Premise . . .

"Editor-in-Chief Brian Kaberline writes that relationships matter as much for $350 million convention hotel projects as they do for mom-and-pop ventures."

There's not much to this bit of civic cheerleading except to remind readers the Mayor Sly became besties with developer Mike Burke after a low-rent election and the Mayor is also an acquaintance with somebody connected to the Loews hotel fam.

That's all well and good and might help to build a hotel . . . Along with $35-MIILLION UP FRONT FROM CITY HALL OUT OF THE GENERAL FUND along with HUNDREDS OF MILLIONS WORTH OF TAX BREAKS . . .

The bigger economic picture as the nation comes to terms with LATE CAPITALISM . . .

The Dow is flirting with its ugliest March decline in 17 years

Meanwhile, local business dudes and their creepy consultants and hype men celebrate the virtues of gambling with taxpayer cash.

Developing . . .

Comments

  1. Thanks Trump! Our dear idiot President. He took claim for the gains, he owns the losses. Moron. This is why he declared bankruptcy 8 times. He is a horrible businessman.

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  2. Thanks Sylvester, hope you enjoy your lobbying Jon selling prison bars.

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  3. When a business deal is based on cronies, insiders, debt, and taxpayer subsidies instead of having a real market and serious business plan, its long-term financial success is very much in doubt.
    In fact, it is built on a cloud of hype and dreams.
    This will become yet another financial sucking chest wound for the taxpayers of KCMO and will join the P&L District and other adventures that are draining the city's general fund of money that should be going to actual services to residents like police and street maintenance and repair.
    Sly and the gang will be long gone and a whole new cast of characters at 12th and Oak will be pitching yet another "developer's" pipe dream to the public.
    It's really too bad that KCMO doesn't have an actual city government.

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  4. ^^^^ you're as ignorant as the hind side of a donkey.
    You obviously not a clue of what it takes to start or run a business, or that vitriol spewing from your pie hole would of remained.

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  5. 7:38 was intended for 7:23

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  6. As 7:23 stumbles out the door late for work at Jiffy Lube....

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  7. Sorry everyone, Trump is a horrendous businessman. Do you remember TrumpAir, Trump Steaks, Trump water & Trump University? How about 8 bankruptcies? How about tens of millions paid out in fraudulent claims over the years? It's unfortunate that you bought the myth that he was a successful businessman from a TV show, but even the producers admit that was the plan. They had to make him appear successful for it to work. In reality he was broke desperate for money and jumped at the opportunity to "play" a businessman on TV. Look people, I get being afraid to admit you backed a loser, but all of this information is out there. If anyone has Netflix, there is a show called dirty money, and one of the episodes is on Trump's history before he ran for President. You should watch it. You would see why there is a special prosecutor appointed. He got so desperate for money, he entered into business deals with the Russian mob. Do your research.

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    1. My research shows that empty Trump hate doesn't win votes.

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  8. Doubling down on the declining convention business is about as dumb as subsidizing shopping centers, last decades debacle.

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  9. ^^Really? really? Maybe check the Governor's election in Virginia, Roy Moore's loss in Alabama, and the democratic win in the recent special election in PA, a seat that Trump won by 20 points! Yea, I mean Trump personally backed and endorsed all those candidates and they still lost. You know it's a choice you make to be willfully ignorant? Stay asleep sheep. This is the most despised President ever, but by all means keep your moronic head in the sand.

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    1. Moore loses by a razor thin margin, and the only reason the guy in PA won was that he was pro gun and not very progressive.

      Learn to read.

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  10. 7:38: Drunk this early? Post again when you're coherent.

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  11. I doubt that Trump has declared personal bankruptcy even once. Businesses with which he was associated likely have filed for Chapter 11 re-organization, but that is not unusual in many industries and is not the same as personal bankruptcy, as Mr. Jiffy Lube implies.

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  12. I’ve made more money with my 401k under trump than I did in 8yrs of Barry, I’ll take my chances with trump, Barry wiped out the middle class for the sake of “diversity” ........ fuck that shit, I’m retiring in style bitches!

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  13. ^^@ 9:26AM. False. Lie. Easily debunked. The market On Obama's inauguration day 2009 was 7,949. On his lat day in office it was 19,732. Trump's inauguration day the market was 19,827.3 today it is at 24,000. So in addition to being a dumbass, you are also an inveterate liar. This information is on the web and could be easily researched. You have zero gains for the year 2018 because of Trump. The market is negative for the year and will go down more because of the upcoming trade war. Since you are now a confirmed liar, I seriously doubt you have any money whatsoever. School's out. You are now dismissed you lying ignorant bitch.

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  14. Oh snap!!!@9:26AM you GOT KNOCKED THE FUCK OUT!!!!!!!!!!!!!!!!!!!!!!!

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  15. @9:26AM LOL! We knew Trump supporters were dumb, but 9:26AM proves they are also liars. LMAO!

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    1. Why do you post multiple times congratulating yourself for pounts you failed to make? Odd.

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  16. ^^^^ They are not LIARS!!
    That would be as false as saying all Actors are Liars, because they repeat the words of a Script, or all Christians are Liars because they sing the Lyrics from a Hymnal!
    How can a Parrot lie?
    How can a Tape Recorder Lie?

    If you want to claim that their "Beloved Leaders" are LIARS, so be it!
    But don't blame the sheep if the wool is itchy, blame the Shepherds or those who "wove the web"!




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  17. Yep! It is all Trumps fault that America has spent decades whoring its business and workers out for the sake of China that somehow has been trained by the USA to believe that equal trade and tariffs makes them a victim. What a world where there are actually people who believe that a global economy must be financed and insured by the tax payers of the U.S.A. Hoe else does American know how and technology result in a global trade deficit of billions? Since when is it a sin for America to wish to compete and win on a level playing field? Since when do Americans think against America reaping the benefits of it hard work and contributions to the world? Something is seriously wrong with th status quo and the failed education systems that have brought us to this point.

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  18. ^^^Yea, but since this a thread on the stock market and not world trade, your post is essentially worthless and off-topic. Yes dummy, this market failure is 100% Trump related.

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    1. That's funny, until recently the economic boom was Obama's accomplishment. You guys are tied in so many knots over hating Trump you don't know which spin to say. It's funny. ;)

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  19. The U.S.A Has Much Bigger problems then TRUMP AND PELOSI. AS AN INDEPENDENT THE SYSTEM IS RIGGED. AND THE CENTRAL BANKING SYSTEM. EVERY TIME THE FEDERAL RESERVE RAISES INTEREST RATES THE ECONOMY SLOWS DOWN .BUYING A HOME BECOMING LESS AFFORDABLE. BUSINESSES LAY OFF BECAUSE OF LESS REVENUE. AND FEWER CUSTOMERS. IT'S A DOMINO EFFECT. AND IT WOULD NOT MATTER WHO WAS PRESIDENT. IT WAS GOING TO HAPPEN. BUT WITH TRUMP IT'S GOING TO HAPPEN FASTER. SORRY ABOUT THE CAPS I'M TRYING TO DO SEVERAL TIMES THINGS,AT ONCE. .TO ALL THE READERS OF TONYSKANSASCITY. JUST PREPARE YOURSELF FOR A DOWNTURN. AND IF IT DOESN'T HAPPEN GO OUT AND SPEND THE MONEY YOU SAVED, BECAUSE YOU CAN'T TAKE IT WITH YOU.

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  20. Is the new airport going to look like it was designed and constructed by chipolte too?

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