Posted on 01/24/2011 7:54:46 AM PST by rightwingintelligentsia
Mackinac Center analyst Jack McHugh has called the long process of hollowing out a private economy to prop up an unsustainable government "Detroitification." Detroit's most recent comprehensive annual financial report shows just how much the title-city itself has been hollowed.
The report lists the number of jobs provided by the city's largest employers, which indicates how sensitive its finances are to the actions of a particular firm. In Detroit's case, six of the top 10 employers are not private businesses at all, but government entities: public schools, the city government, the U.S. government, Wayne State University, the State of Michigan and the U.S. Post Office. Two others are health care providers intrinsically tied to government policy, the Detroit Medical Center and the Henry Ford Health System.
(Excerpt) Read more at michigancapitolconfidential.com ...
I don't get it?
bttt
LOL! They are ALL govt employers including GM and Chrysler! LOL!
From what I have found, Detroit has one employee, in the school system, for every four students. Amazing if this is true. Maybe it takes more employees to keep the ghetto in line.
1.) 500,000 people in Wayne County are on food stamps.
2.) Take the "People Mover" in Detroit, it will take you though what I call the Canyons of Detroit. High rise upon high rise all empty. Rumor is, they are owned by old money waiting for the city to comeback.
3.) The Mayor is offering to pay families to move to higher densed areas of the cities because some are out in areas where the city can't afford to do anything, they don't have the resources to go to a street where only a few families are living and the rest is a ghost town.
4.) The cities 3% Income Tax doesn't help....
like asking “how smelly is poop?”
Makes sense. The population of Detroit today is less than 50% of Detroit's peak population.
Given the density of housing projects, I would guess that over 60% of the city's housing stock is abandoned or gutted.
“2.) Take the “People Mover” in Detroit, it will take you though what I call the Canyons of Detroit. High rise upon high rise all empty. Rumor is, they are owned by old money waiting for the city to comeback.”
I saw videos where people went into old office buildings. One was a smaller regional stock brokerage firm. It looked like they just left in the 1970s or early 1980s and left everything there. Like Chernobyl.
The high rises you refer to are office or residential? Old money? What old money is left? Ford family? They “ain’t” that rich anymore.
Unless the welfare parasites are moved out to say Chicago to kill that “host” - nothing will ever improve. Detroit could be turned into an adventure park for CCW people to explore on the People Mover. They could ride through, explore the city and have shootouts with gangs.
LOL? This is the economy style Obama wants for America!!!
Hiroshima 1945
Hiroshima 2010
That we allowed our cities to be destroyed is a national embarrassment.
The Crown Jewel of Progressive Democrats: Detroit
Warsaw 1945
Warsaw Today.
Frantzie...
Office I think. I do not know who the old money is, but they ain't budging. Ford family? After the turn around and their Class B Shares move in 2000, I am sure they are doing fine and will do even better, because of CEO Alan Mulally, yes my tagline, I am a big fan of Mulally's.
Not investment advice but watch Friday the 28th, Ford's 4th qtr and Full Year numbers for 2010. Man in March of 09' you could have bought Ford Stock @ 1 and change, 17 and change today. Got to love the Private Sector model vs. GM....
As a Hoosier boy I used to feel bad, when they taught us in school, that Michigan ended up with the auto industry that was largely started in Indiana. Now I’m glad Indiana stayed basically ag. based.
The fact is they are generally owned by the City, having been confiscated for non-payment of taxes.
Essentially, Detroit's economy is now non-existent. The only employers remaining are governmental -- meaning they consume tax money. There are no meaningful non-government employers -- meaning there is nobody left to pay the taxes that the government consumes.
According to wikipedia there are 84K kids in the schools and 15.5K staff. So about a 5.5 to 1 ratio. Unreal.
Detroit is finished. Everyone left and all that remains is debris.
http://detroiturbex.com/index.html
Does anybody know if the New Republican Governor and Legislature intends to pass Right to Work legislation in MI?
Detroit is the future.
There are a hundred once productive, taxpaying, once world class cities, from Newark up the coast and west to Detroit and deep south to St. Louis. That whole square. 100 years of thieving Democrat and RINO profit gamers, have warped those once productive economies to their own ends via state power, political power.
Soon the leftist, tax eating, Democrat and RINO employing cancer cells of the urban areas will grow and eat up the health, remaining parts of entire states. Michigan, Illinois, New York, Massachusetts....
Cities fall, empires decay.
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