Wednesday, December 16, 2009

The Detroit Project

I found this article in The New Republic called "The Detroit Project".  My first thought was, "Oh, great!  Another bleeping article by someone from the East Coast who is going to telling us to fix everything in under 2,000 words."

However, there were a couple of things about it that I can't help but comment on.

First, the article mentioned that the federal government spent $18.4 billion in Detroit - just in 2008.  I've got to wonder:  what the heck did that money go towards?

The only thing that I can think of is that they're counting money that was loaned to the automotive companies.

Oh, but I did like their suggestion that the City of Detroit should go into receivership as a condition of any further assistance.  In fact, I seem to recall someone else suggesting that very same thing about a month ago.

More @ The Detroit Project | The New Republic
Post a Comment