25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head

Economic Collapse Blog ^ | 07/21/2013 | Michael Snyder

[Stormdog]

“And probably nearly all of them voted for O.”

A couple of times... the living AND the dead.

[Usagi_yo]

... The EPA applies such strict standards to old industrial sites that force a prospective new user of the land to clean it up to pristine condition ... It's a long time since my Insurance days but a lot of Insurance companies are on the hook for most industrial sites polluted from big industry. Environmental insurance is such that it doesn't expire when the company closes shop and drops the coverage. It's perpetual for many many years for damages done to the environment during the period of coverage. Of course that's excluding insurance companies that dodge the bill through the corporate shell game and political payoffs.

[Usagi_yo]

... A serious question: What is the solution? ....

Darwinism.

[Slyfox]

2) Detroit is facing $20 billion in debt and unfunded liabilities. That breaks down to more than $25,000 per resident.

Before we get to feeling all jubilant about that number we must remember that we all owe the federal gubmint something like $50,000 or more per resident.

[Daffynition]

[TexasRedeye]

And probably nearly all of them voted for O.

98% according to FOX News Sunday report.

[hosepipe]

And yet Michigandners love the Unions which have picked the entire State clean like preparing a roast chicken of feathers.. AND many more States as well.. Unions States are being plucked clean and BBQ’ed... Union members have the brain of a chicken..

Yes.... “You can quote me”.. the brain of a chicken on a good day..
On a bad day they have the brain of a Vampire Bat..

[Rome2000]

If government really wanted to help rust belt cities, it would relax these regulations.

LOL

That's a good one!

[lapsus calami]

 

 

Yep - and gives birth to an idea on how to turn the left's class-warfare narrative back in on itself. Challenge all those high profile demonstrators and complainers at every turn, incessantly. Make them have to explain themselves in front of the low-info crowd. Hilarity should ensue.

 

 

[cynwoody]

This is what happens when you hand over your automobile and electronics manufacturing base, first to the Japanese and years later, the rest of what was left of our economy, over to China.

You've got your causes and effects backwards.

An economy, no matter what its lat-long, must earn its keep in the global marketplace. If it isn't producing what somebody wants, then it will go to hell. That is how the cookie crumbles.

In an effort to secure votes, the Democrat Party has long striven to repeal the rule of the marketplace via law. God damn them and their RINO collaborators! Fortunately, their quest is impossible. Detroit must be allowed to hit bottom. Hard! It is a cancer on the republic, a boil that must be lanced. It must serve as an example of what happens when you are low information and turn out.

[JCBreckenridge]

He wants to start by committing suicide.

[HomeAtLast]

Buy!

Detroit will never be cheaper. Let the capitalists start bidding on it already.

[varon]

The economic pain that Detroit is experiencing will be coming to your area of the country soon enough.

Socialism & Unionism =

[urbanpovertylawcenter]

have mo babies!

[Tonytitan]

Or West Palestine.

That title goes to Dearborn, MI.

[PotatoChop]

Never in any story about the “bankruptcy” of Detroit does the author(s) mention the facts about liberals controlling Detroit for more than 70 years and every City in the US that is about to follow Detroit to the Federal bankruptcy Court is also controlled by liberals and the bankruptcy is the result of liberal (Obama) policies.

Imagine that!

[TurboZamboni]

Further proof should have dropped a democrat mayor and city council on Japan if we wanted real destruction.

[TurboZamboni]

When you let Democrats run things you get California.
When you let Democrats run things for too long, you get Detroit.

[chasio649]

Here’s your answer. http://www.youtube.com/watch?v=XXdNee2RQ6o

[pieceofthepuzzle]

“Detroit is a microcosm of government and socialist policies working as intended.”

Actually, it is a microcosm of government and socialist policies working as they inevitably always do, despite the continued delusions of the left.