Detroit Economic Overview

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Uploaded by on Oct 18, 2011

Why the Detroit economy is a victim of its own past success.

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News & Politics

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  • The mayor has also discussed a plan in which authorities would bulldoze one-fourth of the city in order to save money on services.

    So with all of this going on, is Detroit a pleasant place to live at this point?

    No way!

  • Michigan recently granted approval to a plan that would shut down nearly half of the public schools in Detroit. Under the plan, 70 schools will be closed and 72 will continue operating. Mayor Dave Bing also wants to cut off 20 percent of the entire city from police and trash services in order to save money.

    Essentially that would mean abandoning 20 percent of the city of Detroit to the gangs and to the homeless.

  • So why are people leaving Detroit so rapidly?

    There simply are no jobs.

    At the height of the economic downturn, the mayor of Detroit admitted that while the "official" unemployment rate in Detroit was about 27 percent, the "real" unemployment rate in his city was actually somewhere around 50 percent.

  • there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.

  • The solution: let's always vote in more Democrats.

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