Detroit ignoring the signs

Detroit’s manufacturing area and cultural was a great points to crate a very popular manufacturing state in the US after World War II. By the 1960′s, the union of the Big Businesses and Big Government’s took over Detroit and made it prosper. The main planners in the government needed to have powerful corporations, and so those powerful corporations came to rely on the government. This try of business deal worked out well for the politicians and corporations, But Detroit just started a decades-long reduction.
Why is General Motors walking away with billions while Detroit dies? It’s because of the profits that came with the governments deals.
The U.S. stood aside as Detroit slowly exhausted many of its people and jobs. While the politicians tried to spend as much money as they had while raise taxes. More taxes meant more money being spent and that all increased the rate at which the city fell. Detroit had its so called “Big Three” auto manufacturers. Up until two of its top manufactures, (General Motors and Chrysler) collapsed in 2008 under the careless management. But that  allowing the market to rebuild Detroit and its auto industry. The United States gave billions of dollars to General Motors and Chrysler to try and rebuild it.
But what is next for Detroit?
The city of Detroit is bankrupt and is almost $20 billion dollars in debt.
GM has a cash balance of over $20 billion, and owes the taxpayers over $10 billion dollars while they continues to benefit from an unknown $18 billion tax gift from the filed bankruptcy.

 

 

 

Detroit’s manufacturing area and cultural magnetism was very popular after World War II. By the 1960′s, the union of the Big Businesses and Big Government’s took over Detroit. The main planners in the government needed to have powerful corporations, which those powerful corporations came to rely on the government. This union worked out well for the politicians and corporations in partner. But Detroit started to access a decades-long reduction.

Why is General Motors walking away with billions while Detroit dies?

The U.S. stood aside as Detroit slowly exhausted people and jobs. Politicians tried to spend money and raise taxes. The more they taxed and spent, the faster the city fell. Detroit had its so called “Big Three” auto manufacturers. Up until two of its top manufactures, General Motors and Chrysler, collapsed in 2008 under the careless and underwrite mismanagement. Alternatively allowing the market to rebuild Detroit and auto industry, the United States gave billions of dollars to General Motors and Chrysler.

What is next for Detroit?

The city of Detroit is bankrupt and almost $20 billion dollars in debt.

GM has a cash balance of over $20 billion, owes the taxpayers over $10 billion dollars that will not be paid, and continues to benefit from an unknown $18 billion tax gift from the bankruptcy.