New York has been driving blacks away with high prices for years. Sorry, Atlanta.

Detroit is just located at SUCH a key point. I don’t think the city itself is savable, but there are two smaller cities trapped within it. Highland Park is worse than Detroit, though it was once a jewel. I would think that a group with high social cohesion (Arabs would do) could move in, take over houses selling for peanuts, ARM THEMSELVES, and eventually take over city hall, putting in place a sort of “stop and frisk” to drive out the rest of the riffraff. Detroit will need to divest itself of a lot of land that can form independent cities before the same thing will be worth doing there.

What happened was that Felix Rohatyn was nominated by the Mayor to fix the NYC budget fiasco. Too complicated to cover in a blog post, Rohatyn renegotiated many deals. One critical quid pro quo was that NYC had to repeal its trading tax on stock shares traded inside the city. What seemed trivial then, now looks massive. Electronic trading would never happen with that per share tax.

http://en.wikipedia.org/wiki/Felix_Rohatyn

At the end of the day, Ford DID sign off on Federal guarantees so that NYC could roll over some of its paper. But, he did so only after the numbers made sense. NYC was not bailed out like Detroit — which was chronically able to milk GM and Ford — in a round about way — for cash.

(Until late, the entire State of Michigan (ie the entire auto industry) was tithing to Detroit by way of a special annual gift/ revenue kicker given to ‘all cities over 750,000 in population.’ At the time it was initiated, Detroit had 1,000,000+ souls. Now it’s down to 550,000 and still plunging . It’s the loss of this mega-chunk of funding that blew up Detroit’s books ‘overnight.’)

It’s rude to say it, but Detroit can’t turn around until the Blacks leave it. Based upon the US Census, young Blacks have left. The population collapse is due to old age — and very few babies.

The new immigrants are muslims — Detroit has America’s largest concentration. It started out as a Black thing — and now has morphed into an Arab thing. If this is permitted to progress, then there will be no turning.

Arab immigrants are no more hard working, able or brainy than the Blacks — and mighty resentful for someone who just got here. It must be the weather — the political weather.

BUT, then New York City was BAILED OUT BY THE FEDERAL GOVERNMENT.

This is EXACTLY backward. I refer you the the immortal headline, Ford to City: Drop Dead.

What happened was that New York was NOT bailed out, and had to rely on its own resources. Detroit has consistently been bailed out, and never had to deal with municipal unions that bankrupted the city’s budget (much like California, soon.). It’s this reliance on local effort that has led the resurgence in the city. Would that the city had not trusted the Feds with air defense on 9/11; we might have saved a tower and a few lives.

Whiskey might be correct, and it’s unsustainable long-term. Most of the people running to replace Bloomberg are the sort of disconnected-from-reality liberals who can wreck a place, quickly. (Bloomberg built his own fortune himself, and while a liberal, understands reality in a way that someone who’s spent her entire life in politics cannot.) But the city is rapidly expelling the low-functioning blacks back to the south, keeping behind the Caribbean ones who actually earn MORE than whites in the USA do, on average.

Whisky errs somewhat by saying that New York is not Detroit. In fact, New York was 95% on the way to being Detroit, and was already bankrupt with high crime and race riots. BUT, then New York City was BAILED OUT BY THE FEDERAL GOVERNMENT.

The terms of the Ford Administration bailout imposed fiscal sanity on the city, which meant that local politicians could no longer count on vote buying schemes paid for with borrowed money and higher taxes, at least until the federal lons were paid off.

But as with any case of Moral Hazard, the bailout prevented meaningful change in the people and ideas of the City. Liberalism never had to face reality, and so the liberals can continue to preach their failed ideas. After all, the population never had to face any problems as a consequence of the policies. Paradoxically, somebody like Bloomberg points out the success of liberal governed New York without acknowledging the bailout and controls on the politicians that made that success possible.

Get a load of this ugly trend Black on White/Asian racial violence.^^^^

It’s going to explode onto the news when the MSM can’t bury it anymore.