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Detroit Bankrupt
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<blockquote data-quote="MrFedEx" data-source="post: 1174545" data-attributes="member: 12508"><p>IT"S OBAMA'S FAULT!! Detroit used to be an economic powerhouse, before the Big 3 shut-down most of the plants and outsourced jobs to Mexico and to Right-to-Work (for far less) states. The suppliers did the same thing, except they went to China, India and the usual low-wage, no environmental law countries. The net result was a huge loss of middle-class jobs and an enormous erosion of the tax base as people were forced to leave and find work elsewhere. Detroit became an urban wasteland. Who was left behind? Lots and lots of poor blacks and other minority groups more or less stuck there. This is what happens when GOP-style "outsource capitalism" hits a city with a manufacturing-based economy. The rest of us get to pickup the pieces and rebuild Detroit at taxpayer expense.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1174545, member: 12508"] IT"S OBAMA'S FAULT!! Detroit used to be an economic powerhouse, before the Big 3 shut-down most of the plants and outsourced jobs to Mexico and to Right-to-Work (for far less) states. The suppliers did the same thing, except they went to China, India and the usual low-wage, no environmental law countries. The net result was a huge loss of middle-class jobs and an enormous erosion of the tax base as people were forced to leave and find work elsewhere. Detroit became an urban wasteland. Who was left behind? Lots and lots of poor blacks and other minority groups more or less stuck there. This is what happens when GOP-style "outsource capitalism" hits a city with a manufacturing-based economy. The rest of us get to pickup the pieces and rebuild Detroit at taxpayer expense. [/QUOTE]
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