What Really Destroyed Detroit
IT WASNT THE DECLINE OF THE AUTOMOBILE INDUSTRY: Detroit inspite of the automobile industries demise could have been a healthy city that provided jobs and a healthy enivorment to live in. The automobile industry and the real esteate developers robbed the city and intenionally destroyed its neighborhoods by cutting city services which fed blight and decay. Detroit was torn down by neglect. Mafia boss C.S.Illich built a new baseball stadium for the Tigers with public money right out of the cities tresaury while Detroit was facing bankruptcy. The city just raised taxes to cover the loss.
Then C.S.Illich brought casino gambling to downtown Detroit which only increased crime and drove out was left of the cities tax base. He made a bundle but it ruined what was left of the city. Its power brokers like C.S.Illich that took advantage of gulliable and naive voters that destroyed Detroit.
DOES THIS MAKE SENSE:The government spent 50 billion dollars on restructing GM and yet
the same dead head management team is still running the company. Fredrick Freddy Skip Henderson is Butch Wagoners clone. Gm needs new management as soon as possible. The Times suggest Phil Murtaugh but if that isnt possible hire a head hunter to find Skips replacement. That is how IBM found Lou Gerstner
CALIFORNIA'S BUDGET CRISIS: Gov.Arnie and the state legislature are controlled by the lobbyists for the big real estate developers and construction companies. They tell the state were to spend the money. And that usually is on projects that they will benefit from. Its not only how much money that the state spends that counts but also what the money is spent on. California has prisons and highways that it dosent need thanks to the construction companies. And now Gov.Arnie is going to cut spending on things that benefit the little people.
THE DETROIT TIMES TRADING RECCOMENDATIONS: Sell or short General Electric(ge)tommorrow at the best price you can. Again take profits when you can. GOOD TRADING
Then C.S.Illich brought casino gambling to downtown Detroit which only increased crime and drove out was left of the cities tax base. He made a bundle but it ruined what was left of the city. Its power brokers like C.S.Illich that took advantage of gulliable and naive voters that destroyed Detroit.
DOES THIS MAKE SENSE:The government spent 50 billion dollars on restructing GM and yet
the same dead head management team is still running the company. Fredrick Freddy Skip Henderson is Butch Wagoners clone. Gm needs new management as soon as possible. The Times suggest Phil Murtaugh but if that isnt possible hire a head hunter to find Skips replacement. That is how IBM found Lou Gerstner
CALIFORNIA'S BUDGET CRISIS: Gov.Arnie and the state legislature are controlled by the lobbyists for the big real estate developers and construction companies. They tell the state were to spend the money. And that usually is on projects that they will benefit from. Its not only how much money that the state spends that counts but also what the money is spent on. California has prisons and highways that it dosent need thanks to the construction companies. And now Gov.Arnie is going to cut spending on things that benefit the little people.
THE DETROIT TIMES TRADING RECCOMENDATIONS: Sell or short General Electric(ge)tommorrow at the best price you can. Again take profits when you can. GOOD TRADING
posted by thedetroittimes at 10:53 AM
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