Difference between revisions of "Detroit"
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Even worse, the remaining large businesses then threatened to leave as well if Detroit didn't give them steep tax breaks, further eroding its revenue.? | Even worse, the remaining large businesses then threatened to leave as well if Detroit didn't give them steep tax breaks, further eroding its revenue.? | ||
==Links== | ==Links== | ||
| + | ===Reference=== | ||
| + | * {{wikipedia}} | ||
| + | * {{conservapedia}} "...due to mismanagement, became so beholden to liberal interests that industry failed, for the most part." | ||
| + | * {{dkosopedia}} (site down on 2014-03-20; can't verify page) | ||
| + | ===to file=== | ||
| + | * '''2014-03-20''' [http://crooksandliars.com/2014/03/michigan-short-changed-detroit-millions Michigan Short-Changed Detroit By Millions] "Instead of sharing sales tax revenue properly, Michigan kept millions intended for Detroit, effectively bankrupting the city." | ||
* '''2013-07-21''' [http://www.politicususa.com/2013/07/21/detroit-sinks-deeper-hell-faces-wing-utopian-fantasies.html Detroit Sinks Deeper Into Hell As It Faces Right Wing Utopian Fantasies] | * '''2013-07-21''' [http://www.politicususa.com/2013/07/21/detroit-sinks-deeper-hell-faces-wing-utopian-fantasies.html Detroit Sinks Deeper Into Hell As It Faces Right Wing Utopian Fantasies] | ||
Revision as of 01:46, 21 March 2014
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Economic Troubles
There is a widely-repeated right-wing claim that Detroit's economic problems and subsequent bankruptcy were due to excessive spending on social programs; this is false.
Detroit was heavily dependent on its automobile manufacturing industry, which largely grew up there. When management styles changed starting in the 1980s to a more aggressively profit-driven mode, the companies began moving jobs from Detroit to other locations -- decimating Detroit's economy.
Even worse, the remaining large businesses then threatened to leave as well if Detroit didn't give them steep tax breaks, further eroding its revenue.?
Links
Reference
- Wikipedia
- Conservapedia
"...due to mismanagement, became so beholden to liberal interests that industry failed, for the most part." - dKosopedia (site down on 2014-03-20; can't verify page)
to file
- 2014-03-20 Michigan Short-Changed Detroit By Millions "Instead of sharing sales tax revenue properly, Michigan kept millions intended for Detroit, effectively bankrupting the city."
- 2013-07-21 Detroit Sinks Deeper Into Hell As It Faces Right Wing Utopian Fantasies