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Government
Democrats favor federal bailout of Motown. Public does not.
2013-08-03
No surprises here.
Posted by:Besoeker

#14  "Give it to Canada."

Geez, Penguin. What'd Canada ever do to us?
Posted by: Barbara   2013-08-03 19:21  

#13  Suppose they put Detroit back on its feet. Then what?

A most excellent question! Cities grow up where they do for a reason. At the start of the 1900s, there were dozens of little startup auto companies. The Great Lakes provided cheap and easy shipping for raw materials. Lots of tool & die shops, and parts manufacturers. Skilled, educated population. Lots of jobs from the auto industry and it's associated support companies. All gone now.

Now... the productive citizens have either been chased away or moved out of their own accord. Jobs are gone along with the auto industry; although the Detroit Metro region is still a center for technology and manufacturing, it's all in the suburbs. The remaining people are barely literate and have shown a distinct inability to govern themselves. Bad schools, crime and bad government. It could dry up and blow away without a noticeable economic impact on the rest of the state. The city will get smaller before it gets bigger.
Posted by: SteveS   2013-08-03 18:58  

#12  ..as the Big Bailout demonstrated, the best investment banks made in the '00s was in politicians.
Posted by: Procopius2k   2013-08-03 11:29  

#11  You'll notice that the politically connected bondholding classes almost never take a loss...
Posted by: Bright Pebbles   2013-08-03 10:55  

#10  Give it to Canada.
Posted by: Penguin   2013-08-03 10:04  

#9  More opportunities for stealing and graft. It's their life blood.
Posted by: Procopius2k   2013-08-03 09:41  

#8  Oh, the liberality!

Suppose they put Detroit back on its feet. Then what? Cars again? No.
Posted by: gorb   2013-08-03 09:39  

#7  Democrats favor federal bailout of Motown. Public does not.

Of course they do, more cash to pocket.
Posted by: Redneck Jim   2013-08-03 08:08  

#6  AP, I thought it was.
Posted by: AlanC   2013-08-03 08:06  

#5  Detroit should become a live set for the program Life Without People.
Posted by: Alaska Paul   2013-08-03 04:03  

#4  Bailout NO! Buyout and reforestation... YES !
Posted by: Besoeker   2013-08-03 03:47  

#3  Since when what public wants matter?
Posted by: g(r)omgoru   2013-08-03 01:28  

#2  hell no
Posted by: 3dc   2013-08-03 01:26  

#1  > REDDIT = [Alert24] FRENCH GOVT. FAVORS 75% TAX RATE.
> GUAM PDN = US ECONOMY MAY STILL REQUIRE CONTINUING SUPPORT FROM THE FED.

There are QES, and then there are QES.
Posted by: JosephMendiola   2013-08-03 00:52  

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