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There may be pockets of prosperity, but I doubt Metro Detroit as a whole is doing fine. The trend isn't in their favor.
You'd be wrong to bet that way. The Detriot metro area has some very wealthy areas and overall the metro area is doing just fine. It's the CITY of Detroit that's having problems. The surrounding suburbs are fine. In fact Detroits' specifically having problems BECAUSE all the "middleclass and above" folks MOVED from Detroit itself OUT to those suburbs, leaving the city of Detroit with all the poor (and thus little to no tax base).
... Detroit is a devastatingly poor, mostly black, increasingly abandoned island in the midst of a sea of comparative affluence that’s mostly white. Its suburbs are among the richest in the nation.Oakland County, for example, is the fourth wealthiest county in the United States, of counties with a million or more residents. Greater Detroit — which includes the suburbs — is among the nation’s top five financial centers, the top four centers of high-technology employment, and the second-biggest source of engineering and architectural talent. Not everyone is wealthy, to be sure, but the median household in the region earns close to $50,000 a year, and unemployment is no higher than the nation’s average. The median household in Birmingham, Michigan, just across the border that delineates the city of Detroit, earned more than $94,000 last year; in nearby Bloomfield Hills — still within the Detroit metropolitan area — the median was more than $150,000...
Like many folks outside of Michigan you seem to be under the impression that the City of Detroit is somehow the entire Detroit metro region (or even the entire state of Michigan) - when in fact that's not NEARLY the case at all.
"Krugman's failed prediction that the government's QE programs were going to kick start the economy is what we should be discussing."
So I ask you to source Krugman's prediction that the QE programs were going to kick start the economy.
The big policy news this week has been the Fed’s decision to buy $1 trillion of long-term bonds, going beyond the normal policy of buying only short-term debt. Good move —.......
I often read Krugman and do not remember him saying such a thing. I do a google scan and find nothing
So my thoughts are that you are another right wing liar. But I want to give you a chance to put up good info first. So are you a classic right wing liar?
It is always amazing to see the number of right wing facts that exist only in strawman proposed by the right.
Did your momma teach you to call other people names?
Wish it was that simple. Almost no industry was developed in northern states in the last decades. The weather in the south is more attractive and investors chose Texas, Carolina, Arizona. No state in the north saw significant development. Among these, Michigen is in the worst position. The main catalyst, professional and highly trained manpower is missing. The auto manufacturers and adjacent industries prefer the no unionized zones. What investor or manufacturer will invest today in Detroit? I can't think of any.
Atmospheric climate has much less to do with business location than government climate. What killed Detroit was socialism. Too much invasive government, unions, taxes, regulations, trade policy, and every other parasite which degrades the ability to do business. It was just the natural progression of liberal policies.
The big policy news this week has been the Fed’s decision to buy $1 trillion of long-term bonds, going beyond the normal policy of buying only short-term debt. Good move —.......
Did your momma teach you to call other people names?
And later Krugman states-
"I’m not complaining; I think quantitative easing (it’s really qualitative easing, but I give up on trying to fix the terminology) is the right way to go. But we should go into it with our eyes open."
So we both agree that Krugman favored QE. But that was not your claim. YOu said...
"Krugman's failed prediction that the government's QE programs were going to kick start the economy is what we should be discussing."
But your reference has no such prediction. So peering through your right wing prism you lied. My mother, a far left lawyer, would have not been so polite.
Atmospheric climate has much less to do with business location than government climate. What killed Detroit was socialism. Too much invasive government, unions, taxes, regulations, trade policy, and every other parasite which degrades the ability to do business. It was just the natural progression of liberal policies.
None of which exists in the surrounding municipalities? These continue to prosper or at least the ones without large black populations do.
You need to get over it. Black and poor killed Detroit.
"I’m not complaining; I think quantitative easing (it’s really qualitative easing, but I give up on trying to fix the terminology) is the right way to go. But we should go into it with our eyes open."
So we both agree that Krugman favored QE. But that was not your claim. YOu said...
"Krugman's failed prediction that the government's QE programs were going to kick start the economy is what we should be discussing."
But your reference has no such prediction. So peering through your right wing prism you lied. My mother, a far left lawyer, would have not been so polite.
He supported it why? Because he is a big proponent of welfare for Wall Street? If not, why did he support it?
And thanks for explaining it was taught behavior on your part.
He supported it why? Because he is a big proponent of welfare for Wall Street? If not, why did he support it?
Because he is an ec onomist who believed QE would assist in the recovery of the economy. And it appears he was correct. He also warned of the eventual difficulty of shutting it down - where I expect he will again prove correct..
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And thanks for explaining it was taught behavior on your part.
She considered my views quite right wing. And my next brother is somewhere to the right of Hannity or Limbaugh. Strong believer in the Shroud of Turin...I wonder if that is standard in right wing Catholics?
Because he is an ec onomist who believed QE would assist in the recovery of the economy.
Which is what I said his position was and yet.......I seem to get called out quite a bit lately for saying things people actually agree with.
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And it appears he was correct. He also warned of the eventual difficulty of shutting it down - where I expect he will again prove correct..
He has said that it didn't do what it was predicted to do but then he argued that was only because we didn't do enough of it even though there was (is) all sorts of evidence that the QE programs were not having much of an effect.
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She considered my views quite right wing. And my next brother is somewhere to the right of Hannity or Limbaugh. Strong believer in the Shroud of Turin...I wonder if that is standard in right wing Catholics?
I'm not sure what her views on you have to do with the idea that she taught you to call those you disagree with names.
Which is what I said his position was and yet.......I seem to get called out quite a bit lately for saying things people actually agree with.
He has said that it didn't do what it was predicted to do but then he argued that was only because we didn't do enough of it even though there was (is) all sorts of evidence that the QE programs were not having much of an effect.
I'm not sure what her views on you have to do with the idea that she taught you to call those you disagree with names.
So you object to right wing even when obvious? The title implies the prism through which such people look. It warns the unwary that the writer accepts a version of the world far from reality.
The incorrect statement of Krugman's views are a classical example. There is what Krugman actually says and then there is the right wing straw man of what Krugman says.
The liar was a matter of fact. Don't lie and it won't come up.
I'm perfectly happy to allow people to determine if there is any difference in what I said (kick start) and what you said (assist).
It's amazing how people will jump to his defense even when they agree with what was said. Even to the point of calling others a liar for agreeing with them.
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