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In Four More Years We'll Be Detroit

Polly1 Wrote: Nov 17, 2012 10:14 AM
You really should start your calculations from the time the Dems took over both houses of Congress, January 3, 2007. The DJIA was at 12,621. After January of 2007, after which the Dems began writing the federal budget, everything crashed, from the stock market to employment to GDP growth. Of course, after The 0's election, the crash was put on steroids; only the stock market has recovered somewhat, and that only because it's the only place in the economy where a person MIGHT earn more than 0.01% return on his investment.

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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