Retailers Head for Exits in Detroit

Discussion in 'Wall St. News' started by hoffmanw, Jun 18, 2009.

  1. Yeah, I see this more & more.

    People who own houses paid off getting government assistance, medical benefits, utility discounts, free schooling, food stamps/vouchers. Free housing for others.

    And then there are those poor saps who just fall deeper & deeper through the cracks. Often, those are the hardworking, or former veterans who gave it their best shot and came up short but for one reason or another are kept off the potlick'n line.

    The "system" is somehow encouraging people to do this shit!

     
    #21     Jun 18, 2009
  2. TGregg

    TGregg

    TIME article:

    Take a guess on when that was written, then go read the rest:

    http://www.time.com/time/magazine/article/0,9171,873465,00.html
     
    #22     Jun 18, 2009
  3. This is news? Pull out a map and study Michigan and Ohio. The inner cities have been dying for a long time. People have fled Detroit, Cleveland, Toledo, Dayton, Cincinnati and Columbus for decades now. Going a little further out, St. Louis isn't much better. Indy is okay in the city, I guess, but if you have any money you do your best to live in the burbs. The only city in the area worth living in, in that part of the country anyway, is Chicago, but Chicago is Chicago.

    Once people and businesses start migrating from the suburbs back to the inner city in that part of the Midwest, THAT will be news.
     
    #23     Jun 18, 2009
  4. You can add Gary City, Indianapolis, and many towns in Pennsylvania, New York, Florida, Alabama (check out Jefferson County), Mississipi (the Gulf Coast revival fizzled) and increasingly, Atlanta to that list.

    Anyone in a service sector state that thinks they're immune from the woes of manufacturing in the U.S. is going to be in for a very rude wake up call if they already haven't been rung.
     
    #24     Jun 18, 2009
  5. Or maybe everything is going according to plan. And you're either too dumb & too naive to realize it, or, you can't seem to accept the reality & truth.
     
    #25     Jun 18, 2009