Why did this Chocolate City Go Belly Up for the Citizens of - TopicsExpress

Why did this Chocolate City Go Belly Up for the Citizens of Detroit? GM posted record profits in 2011, and Chrysler’s renewed financial health has helped it open new plants and training centers. Meanwhile, auto sales are projected to top 16 million this year, returning to pre-recession levels. ”We refused to let Detroit go bankrupt,” President Obama declared last year. And yet, Detroit declared bankruptcy. Why is the Motor City still in so much trouble?

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