Stimulus and Bailout Works! NOT.

November 23, 2009
By Scooter

Detroit2

Detroit, the home of a whole lot of bailout dollars, is presently so insolvent that they cannot afford to bury unclaimed bodies.

From the Times:

“I have not seen this many unclaimed bodies in 13 years on the job,” said Albert Samuels, chief investigator at the mortuary. “It started happening when the economy went south last year. I have never seen this many people struggling to give people their last resting place.”

Unburied bodies piling up in the city mortuary — it reached 70 earlier this year — is the latest and perhaps most appalling indignity to be heaped on the people of Detroit. The motor city that once boasted the highest median income and home ownership rate in the US is today in the midst of a long and agonizing death spiral.

After years of gross mismanagement by the city’s leaders and the big three car manufacturers of General Motors, Ford and Chrysler, who continued to make vehicles that Americans no longer wanted to buy, Detroit today has an unemployment rate of 28 per cent, higher even than the worst years of the Great Depression.

The murder rate is soaring. The school system is in receivership. The city treasury is $300 million \short of the funds needed to provide the most basic services such as rubbish collection. In its postwar heyday, when Detroit helped the US to dominate the world’s car market, it had 1.85 million people. Today, just over 900,000 remain. It was once America’s fourth-largest city. Today, it ranks eleventh, and will continue to fall.

This is what out of control stimulus and bailout spending by our fearless leaders is bringing us. This is the state of what was once a thriving city and this will be the state of America if Congress and the Obama administration is allowed to continue down this ruinous path that have set us upon.

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