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Topic: Detroit, the Billionaire’s Playground |
Detroit, the Billionaire’s Playground
New York Times, by Mark Binelli
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Original Article
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Posted By:LittleHoodedMonk, 2/8/2013 12:18:46 PM
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| With the fourth anniversary of the Obama administration’s auto bailout approaching, the Detroit comeback narrative has settled into accepted history. Just last week, Chrysler, once the wobbliest of the Big Three, announced a ninefold increase in profits since 2011. (Snip) Detroit was back! Unless, of course, by “Detroit” you meant the actual city rather than the auto industry, in which case, well, the picture becomes a bit more complicated. Battered for decades by the same problems — a steady loss of people and jobs, a soaring murder rate, a wholesale erosion of its tax base — the city now faces the
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Comments:
If you every wonder the ultimate outcome of the Ponzi or pyramid scheme that are Unions and employees, just turn to Detroit. The dRATS controlled Unions get their worker bees to give them dues with the promise of big paychecks. Problem is, eventually, the consumer cannot bear the cost and the Company fails.
And left behind are large swatches of prime land at bargain prices. See, the connection to the game of "Monopoly." The really rich now buy out and make even more money for their concepts. Is this capitalism at its best or criminality at its worst?
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Reply 1 - Posted by:
jimK1, 2/8/2013 12:43:32 PM (No. 9165818)
It really doesn´t matter what the billionaires want to do, you still have the people living there and for the most part they are useless. Unless those uber-rich can move everyone out to someplace else (good luck) Detroit will continue to rot from the inside.
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Reply 2 - Posted by:
Bevan, 2/8/2013 1:01:08 PM (No. 9165846)
The result of 50+ years of one party liberal democrat rule.
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Reply 3 - Posted by:
skedaddle, 2/8/2013 1:21:29 PM (No. 9165870)
I don´t care how rich you are, bullets will go right through you. Detroit needs less crime, then the money will follow.
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Reply 4 - Posted by:
snowoutlaw, 2/8/2013 1:54:56 PM (No. 9165941)
Chrysler was given to the Italian´s. How is that a Detroit comeback narrative?
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Reply 5 - Posted by:
RightShoe, 2/8/2013 3:22:07 PM (No. 9166101)
The author is a snarky little twerp, to be sure. He seems to have some sort of wealth axe to grind.
Beyond that, there is some interesting info in this rather short article! It´s kind of amusing to see successful wealthy people circling the helpless hapless "Midwest hillbillies" trying to act like they still run the city of Detroit.
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Reply 6 - Posted by:
cheeflo, 2/8/2013 3:53:50 PM (No. 9166162)
The Detroit City Council is so corrupt, they´d rather the city die than relinquish any control. It would be a lot harder to loot the coffers if outsiders were running the show. I live in a northern suburb of Detroit. I have very little optimism for its future.
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Reply 7 - Posted by:
Japanorama, 2/8/2013 5:42:03 PM (No. 9166318)
No mention of Democrat politicians their policies.
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