Surprise, Surprise, Detroit City is about to file Chapter 9 Bankruptcy. This is the purest example of a failed city, run into the ground, by corrupt Socialists politicians feeding at the trough for years. In fact, Detroit was a disaster area full of run down crack houses when this Blogger was there in 1968. It is hard to imagine what it must be like today. Detroit has 18% unemployment. The murder rate in Detroit is 1 per 1719 residents, which is 11 times higher than New York City's rate.
Detroit is a union city. There are 48 different union bargaining units that the city must deal with that are bankrupting the city. Since the city is 83% African American, the City Council wants the nation's first Black President to provide a Bail Out. Where have we heard that story before. Of course, it is not going to happen because there would be 100 other cities and states in line requesting a Bail Out. The best that will happen is that the State of Michigan will take over the city and in doing so depose the existing city government.
Detroit is a mess. It is a classic example of incompetent Socialist government gone wrong. It is what we will face as a nation if Socialist President Obama is allowed to continue his annual trillion dollar deficits. Sadly, Detroit will die a timely death. Much of the city should be bull dozed. The good news is that there may be gas or oil shale below Detroit. Detroit could end up being a gold mine; that is if Obama allows drilling to occur. This may be the highest and best use of Detroit. Let's get it done.
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