Obamacare And The Death Of Detroit, The First U.S. City To Face Extinction

The Market Oracle ^ | 3-24-2010 | Gary North

[blam]

Yes, I know who...Gary North!

[outhousepatrol]

I know not what course others may take, but as for me, give ME LIBERTY and give DETROIT DEATH! lol

[pnh102]

Detroit is dying.

Netcraft confirms it!

[Nailbiter]

FYI ping

[muawiyah]

Detroit ~ We have a family antique that was manufactured in the city when Detroit had just 100 families.

The whole family subsequently moved South into Indiana ~ which has far better weather.

My brother once moved to a Detroit suburb and in that year they had exactly 1 day of sunshine.

He moved away quickly.

Detroit has never been a good place to live. WIth the loss of its industrial base it's back to normal!

[esquirette]

I teach at a local community college. I showed my class pictures of the neglect of Detroit as part of my career planning unit last week. “This is what happens when whoever is writing the checks just decides it is not worth it any more. This is what happens when Atlas really does shrug.” The entitlement generation actually listened.

[Ruy Dias de Bivar]

So, a Democrat controled government did to Detroit what Pontiac and his wariors could not do back in 1763.

[Flycatcher]

Detroit is dying.

It's the most liberal city in America.

It's Utopia...

[festusbanjo]

Fantastic article. As someone who gets to see the ugliness that is Detroit up close on a somewhat regular basis, I can attest to the fact that it has been a lost cause for quite some time. In a normal market situation, when prices hit rock bottom, some enterprising developer would come in, bulldoze a few square miles, put up a gated, guarded and protected development, be able to sell the new neighborhood at a price that is much lower than suburbia and still make a huge profit. Detroit is so far gone, that even the people that still live there now, wished that they didn't.

[Nepeta]

It’s a terrifying time to be on the threshold of growing old.

[mo]

the Tea Party could do worse than use Detroit as a crystal ball for America...if the status quo isn’t changed.

[Cheryllynn]

My daughter asked me on our last trip to Canada as she peered out the car window “mama what happened to Detroit?” I told her “Democrats”.

[HiTech RedNeck]

We grow old, we die. But God is the same, yesterday, today, and forever.

[taxcutisapayraise]

Liberals are willing to give away EVERYTHING they don’t own.

[Freee-dame]

Foreign-trained physicians who can pass the U.S. tests are coming to America. They are competitive.

Where is the outcry about the loss of jobs for Americans? It's just a variation on outsourcing. I heard recently that half of the doctors in training in the USA (interns and residents) for primary care are foreign educated.

[hinckley buzzard]

The city planners, the Federal government's subsidy defenders, and the welfare state aficionados are all discreetly silent about Detroit.

Personally I find it ludicrous beyond belief that Detroit actually has urban planners still at work there. Sort of like boiler tenders on the Titanic.

[garjog]

It is worth watching this Steven Crowder video about the death of Detroit. http://www.youtube.com/watch?v=1hhJ_49leBw

[DJ Frisat]

"My brother once moved to a Detroit suburb and in that year they had exactly 1 day of sunshine."

There are many gray days in southeast Michigan, especially from November through February, but this statement is 100% utter, absolute nonsense. Regardless of the reality of Detroit's plight, you can't come on here and make such a blatantly false, ridiculous claim.

I don't know what kind of axe you have to grind, but you've undermined your own credibility with such nonsense.

[Mojave]

Interesting. The New York Times is reporting that, “Detroit also saw a 38 percent annual increase in its median home price. That brought the median up to $55,000.”

http://www.nytimes.com/aponline/2010/03/23/business/AP-US-Home-Sales-Midwestern-Cities.html

The Detroit News says, “Overall, the median sales price in Detroit was up 22 percent in February to $7,005 but the number of sales in the city dropped 23.5 percent to 671.”

http://www.detnews.com/article/20100317/BIZ/3170343/Metro-Detroit-housing-sales-rise#ixzz0j9O95yea

I wonder which one is lying?

[chimera]

Really interesting pictures of the decay of a once-great industrial city.