Greed, The American Way

by Buck • 11:08 pm

Is Detroit dying? Are we witnessing the end of “the Motor City?” Sure looks that way!

Jobless rate has climbed past 21 percent
City’s deficit is approaching $300 million
School District faces a deficit of more than $400 million
Several dozen schools have been closed
Highest violent crime rate of any major city
Ex-mayor in jail for text-messaging sex scandal


Motor City’s woes extend beyond auto industry
‘All of Detroit is not going to hell’; can city avoid drumbeat of doom?

DETROIT - One measure of how tough times are in the Motor City: Some of the offenders in jail don’t want to be released; some who do get out promptly re-offend to head back where there’s heat, health care and three meals a day.

“Somebody needs to hear us before we begin to see a rise of social upheaval. I hate to say that. It’s a God-forbid reality.”“For the first time, I’m seeing guys make a conscious decision they’ll be better off in prison than in the community, homeless and hungry,” said Joseph Williams of New Creations Community Outreach, which assists ex-offenders. “In prison they’ve got three hots and a cot, so they commit a crime to go back in and come out when times are better.”

For now, better times seem distant. Even with no hurricane or other natural disaster to blame, Detroit has — by many measures — replaced New Orleans as America’s most beleaguered city.

More proof that times are real tough for people in Detroit? Check out this 1495 square foot property - a 4 bedroom, 1 bath home, with an estimated sale price of $2000! Yes, you heard that right!

http://blueherald.com/2008/12/greed-the-american-way/

They are going to foreclose on someone's home because they can't pay extortion type interest rates. THEN turn around and try to sell it for 2000$. This is a classic example of CAPITALISM SUCKS!

The link to this story is in the first paragraph...