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In Four More Years We'll Be Detroit

howard194 Wrote: Nov 17, 2012 12:07 PM
that's half the story... the other half is that the so-called pay equalization will create masses around the globe who can't afford to buy the cars they build? if there aren't enough people to buy them, then the entire industry shrinks...

From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.     

One prominent Detroit attorney, however, is facing the future of the Motor...

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