It all start's with that. Detroit is paying the price for at least three generations of abysmal school systems. You can't have a thriving and
growing city when you only graduate 38% of your High School students and, according to a recent report have 47% of your Adult citizens are
Agreed. Some of the wounds are self-inflicted by the leadership in Detroit.
But for most working class families, they are the beneficiaries of a broken system, and forced to live in a culture filled with drugs and violent
gangs, with few economic prospects, massive unemployment, and a high probability of homelessness.
Yes, the city of Detroit's leaders are responsible. So is the state and federal government. But the average Joe is the one who has been hurt by
these corrupt leaders. Not to mention all of metro-Detroit and the state of Michigan as a whole.
But it's the same people, the city, GM, the car industry. Where did all our money go? There was even that program to destroy the environment by
junking perfectly good cars. Where's the money?
The City of Detroit and General Motors are not one and the same. The city never received any federal funds, as far as I am aware, to rebuild the
infrastructure of the city. At least not as part of any "federal bailout".
GM continues to struggle, and is now essentially a tax-payer owned entity. As far as where those funds went, you can take a close look at GM's
annual report and judge for yourself whether GM is being managed in a fiscally responsible manner or not. As GM works through this recession -
assuming they stay in business - taxpayer funds would be repaid, just as when Chrysler took federal funds decades ago and repaid the federal
government. The jury is still out regarding GM.
Strange that those countries you mentioned that would have done the same are communist. Are you trying to tell us something?
Non-communist countries would have done the same thing. Canada, the UK, New Zealand - most any country, whether pro-capitalist or not - would have
come to the aid of GM in the same shoes.
What hard-earned fortune? We're in massive debt.
We're in debt in part because we spent billions on rebuilding the infrastructure of foreign countries instead of our own. Plus we have spent massive
amounts of dollars in fighting the wars in Iraq and Afghanistan.
Speaking of which, didn't Wolfowitz in the lead-up to the Iraq war state that there would be oil reparations from Iraq once we won the war, that
would help defray the costs of the war? Funny how that idea went by the wayside, and now we're stuck with the bill while our cities are falling
The idea is to help the people of detroit by bulldozing the city (after they've left). The point my friend was trying to make was that he was
happier and more successful out of that place.
Yes, almost anyone would be happy to leave Detroit if given the chance. That's the problem. The city is a disaster.
The goal is how do you rebuild the city? How do you attract families to move to Detroit? Only after you significantly reduce crime, bring back
good-paying jobs, rebuild infrastructure, and fix the education system do you have a fighting chance.
How do you attract entrepreneurs and businesses back to the city? And immigrants from all around the world? Detroit used to be a melting pot of
French, English, Jewish, German, Polish, African-American, Armenian, Hispanic - any ethnicity under the sun.