Oct 13, 2012

President Obama - Oct 13, 2012:
"I refused to let Detroit go bankrupt!"

• Detroit's population has plunged 63% since 1950 and it's down 26% since 2000.
• The unemployment rate hit a high of 27.8% in July 2009.
• As of April 2013, the unemployment rate was at 16%.
• Even though the population fell 63% since 1950, the municipal workforce fell by just 40%, adding to the strain on public finances.
• At five times higher than the national average, Detroit has the highest violent crime rate of any large U.S. city.
• 40% of the city's street lights don't work.
• 78,000 structures and 66,000 lots are abandoned.
• Arson accounts for 1,000 of 12,0000 fires per year and 60% of those arson fires are in dilapidated or empty buildings.
• Detroit has had Democrat party Mayors since 1962.

 

Good job Mr. President!