The city of Detroit, which for years paid its bills with borrowed money, is the largest city in U.S. history to file for bankruptcy. It took decades of job-offshoring decay to bring down the once-mighty industrial giant that put the world on wheels. The city grew by luring people in the 1950s with plentiful jobs that paid good wages to make automobiles for sale across the globe.
If terrorists (not job-offshoring capitalists) had laid waste to Detroit, they would have been hunted down like Osama bin Laden. But Bush Junior and Obama gave them 'stimulus' billions that they spent on factories in low-wage lands, with this result:
