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Ed Huntress Ed Huntress is offline
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Default Dying Detroit - - Ping Gunner


"F. George McDuffee" wrote in message
...
On Mon, 21 Dec 2009 20:16:00 -0500, lid
wrote:

Here's a little video on the Detroit situation and it sure isn't
pretty.

http://www.liveleak.com/view?i=05f_1261404860

Dave

========
There appears to be no reason that Detroit is unique. This
should serve as a "red flag" to the residents of all large urban
areas and their suburbs about can and will happen when the major
employers leave, either through bankruptcy/liquidation or
relocation/outsourcing, possibly resulting from
over-regulation/taxation, or being used as a "bargaining chip"
(and sold out) by our fearless trade negotiators.


There are two reasons most of them left the old manufacturing areas: Cheap
labor, and tax avoidance. A few decades ago, the Southestern states lured
manufacturers in by giving away the store.

Now they're paying the price. It turns out that China is cheaper still.

--
Ed Huntress