  Wazootyman Member Username: Wazootyman Post Number: 213 Registered: 02-2006 |
I almost hate to post this...but it makes me so angry that I figured I'd share it anyhow. Actually, it's so bad I'm almost more tempted to laugh than anything. http://www.lewrockwell.com/bon ner/bonner332.html I'm not sure who this jackass is, but this is one of the worst articles I've ever read. Some of his facts are true - but clearly slanted to make Detroit look really bad. Other facts are just downright wrong: I would bet money that there are not "lots of homes" in the 'burbs that have sat on the market for upwards for 4 years with "NO" offers. Lake Michigan? A Hellhole? Christ, I can't even find my car without tripping over drug baggies! "There was a time, of course, on the chilly shores of Lake Michigan, when you could say 'you can't go wrong buying property in central Detroit' with a straight face." Can someone find this guy and dopeslap him? "Meanwhile, back in the modern world, financial services is where the money is. And London and New York is where the financial service industries are. Is there any better game to be in?" You know, some day people will come back to reality and realize that simply moving money around doesn't build an economy. You have to actually produce a product for that to happen. I can't recall the author who stated that Detroit is "the canary in the mine" for the US economy, but it scares me that the thought is so easily brushed off. | ||
Thejesus Member Username: Thejesus Post Number: 1360 Registered: 06-2006 |
Wazooty man...the characterization of "moving money around" is a bit simplistic... the money to builds these products you speak of is provided by the financial services industry...they're only making money if products are being built and services are being rendered b/c they need to be able to loan out their money and make a return on their investment...and virtually every industry in existence is a direct customer of the financial services industry in some way also, more and more people are buying goods and services with the help of the financial services industry, via credit cards, debit cards, online bill pay, online banking sites like Paypal... the more these services are available, more goods are are purchased, more transactions take place and the economy benefits as a result | ||
Oliverdouglas Member Username: Oliverdouglas Post Number: 85 Registered: 02-2006 |
Thejesus: You basically make Wazooty's point. Money exists as a medium of exchange to facilitate the making/building of things. | ||
Michigan Member Username: Michigan Post Number: 385 Registered: 04-2007 |
Why do all these authors think that Detroit is on lake Michigan? This is the second time I've seen this. | ||
Detroitnerd Member Username: Detroitnerd Post Number: 1001 Registered: 07-2004 |
Prosperity is just around the corner. | ||
Iheartthed Member Username: Iheartthed Post Number: 917 Registered: 04-2006 |
"Why do all these authors think that Detroit is on lake Michigan? This is the second time I've seen this." Probably because this is at least the second time this article has been posted... | ||
Larryinflorida Member Username: Larryinflorida Post Number: 587 Registered: 02-2007 |
When Detroit has pneumonia , America gets a life of working at Wal-Mart to buy Chinese goods. I don't know what else the rest of this country could think of it... I know this. | ||
Waz Member Username: Waz Post Number: 70 Registered: 11-2006 |
https://www.atdetroit.net/forum/mes sages/5/103693.html?1181047020 (Message edited by waz on June 06, 2007) | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1088 Registered: 10-2006 |
Yeah, I wouldn't listen to every negative thing said on some web site about Detroit with a home page as crappy as this one: http://www.lewrockwell.com When you read his home page, you can readily get an image of the agenda, and it isn't to support Detroit. | ||
Bobj Member Username: Bobj Post Number: 2304 Registered: 11-2003 |
WOW! When did they add on to the David Stott Bldg to make it 65 stories?? That is more than double the 37 stories it was originally at when I saw it last week. How did they do it so fast?? This article is a waste of everyone's time with all the bad info in it. | ||
Bobj Member Username: Bobj Post Number: 2305 Registered: 11-2003 |
Sorry, got my doubling wrong, it isn't double in size, it IS 37 stories, is stated to be 65 in the article | ||
3rdworldcity Member Username: 3rdworldcity Post Number: 702 Registered: 01-2005 |
Possible threadjack (?) coming. I'm reading Elmore Leonard's new novel, "Up in Honey's Room" which is set in Detroit and Farmington in the late 30's and early '40's. Not his best novel, but pretty good, and interesting observation of Detroit during that era. | ||
Ray Member Username: Ray Post Number: 907 Registered: 06-2004 |
I wrote this author. His email is dr@dailyreckoning.com. Here is what I said: I just read your article about Detroit. Detroit is a troubled city and the Detroit area is undergoing a tough recession right now. I moved here from San Francisco, so I think I have a pretty clear perspective of the area's weaknesses. But your article wildly exaggerated the conditions of the city and a region. Here is some information about Detroit and Michigan that I hope will offer you a more complete picture of the city. To begin with, the region's 6.5% unemployment rate is higher than the national average but hardly a "contrarian utopia." There are still nearly 5 million people living in the region. It is still one of the largest concentrations of engineers and R&D activity in the country. It's border crossing with Canada is the largest port of entry in the country in terms of both freight volume and people. First, with regard to downtown, the city has seen burst of building activity in the past five years. Dozens of condo projects and loft conversions have gone up, many selling out quickly. The historic Book Cadillac hotel is being refurbished into a four star Westin hotel with 65 condos. 63 of the condos (priced up to one million dollars) sold in the first month. A brand new condo high rise is going up next door. 3-4 others high-rise condos are going up along the river this year. The 5 mile river front is being beautified with a new walkway and the removal of legacy factories. Contrary to popular mythology, the Detroit River is beautiful, clear clean Great Lakes water flowing between Lake Huron and Lake Erie. There are 3 new casinos and two (soon to be three) new stadiums have been built downtown. The street infrastructure of downtown has been revamped in the past few years. Something like 3000 hotel rooms are under construction in downtown Detroit right now. Several of the regions largest companies -- Compuware, GM and Little Caesars have moved their global headquarters downtown and next moth Quicken Loans is expected to announced its move downtown possibly with another Fortune 500 company. Dozens of new restaurants have opened up downtown. Areas within a 2-3 mile radius that were abandoned war zones 25 years ago are coming back with new retail and market rate housing. Downtown host numerous festivals that attract millions of attendees each year -- the International Auto show and the Movement (techno music) draw visitors globally. The Freedom Festival and Downtown Hoe Down draw hundreds of thousand of visitors. Downtown is fairly free of violent crime. To my recollection, it People Mover train has operated for over 25 years almost without incident. Ridership on the PeopleMover is steadily increasing. The area is attracting a small but steadily increasing number of immigrants from foreign countries, including the Middle East, Eastern Europe and Latin America. They are rejuvenating and refurbishing areas like Southwest Detroit, Hamtramck and Dearborn with their energy and talent. The region overall has many strengths. The suburbs are affluent and highly educated. There are hundreds of foreign companies with operations in the Detroit area. Crime in the region overall is not that high and in many suburbs it is very, very low. The area has a brand new airport, DTW, which in a few years has rocketed to the top of the charts as one of the best airports in the world. The airport is a major job creator and “exporter” since most of its passenger traffic are connecting through Detroit from out of state. Sophisticated travelers from around the world are starting to favor a connection through Detroit because the airport is beautiful, easy to use, very well run, efficient and has an extremely robust runway system that avoids weather and traffic delays. DTW is becoming a major piece of infrastructure that is in turn attracting development to Western Wayne country. There is an growing population of Japanese and Chinese nationals living in the Detroit area. If you fly to Asia and sit next to a Chinese business man, ask him if he's ever heard of Troy or Novi Michigan. He will have. These communities have an international reputation in Asia as a good place to live in the US. When you go to Novi, you will see for example Japanese language book stores and grocery stores. I walked by the Cartier store in NYC the other day. It had a sign in front "Cartier: London, Paris, New York, San Francisco, Troy." That's Troy, Michigan, bucko. Many of the suburbs are very pretty, heavily treed with hundreds of lakes. There are numerous quaint, vibrant historic downtowns around the area such as Milford, Birmingham, Ferndale, Royal Oak, Northville, Rochester and Plymouth. The 40 mile crescent from Macomb County to Ann Arbor has large numbers of technology companies. Ann Arbor, which is 45 minutes from downtown Detroit, is an amazing stand-alone little city, which just attracted a major unit of Google. Your description of "chilly Lake Michigan" is misleading. Lake Michigan is a wonder of the world. It is nothing short of a freshwater ocean. Clean and beautiful, surrounded by 600 miles of stunning white sandy beaches and forests. Compared to anywhere -- even the California coast -- it is more than respectable. The grand vacation towns of Lake Michigan are utterly charming and draw vacationers from all over the Eastern US and from Europe as well. | ||
Charlottepaul Member Username: Charlottepaul Post Number: 1101 Registered: 10-2006 |
Did the author email a response by chance? | ||
Hornist9 Member Username: Hornist9 Post Number: 33 Registered: 05-2005 |
Did the author email a response by chance? I'll bet the son of a bitch deleted his email without even reading it. He sounds like he's from the Fox News school of media... | ||
Rocket_city Member Username: Rocket_city Post Number: 290 Registered: 04-2006 |
I'm one of those gangs on the corner. Watch out or I might blow you a kiss. | ||
Quinn Member Username: Quinn Post Number: 1374 Registered: 01-2005 |
This first line... --- "You can't go wrong with property in Central London," is an expression you hear often on the banks of the Thames. --- ...makes me want to puke. I can't go on. Is this guy seriously skulking around the river in London asking for real-estate advice? Christ. What a dipshit. | ||
Michigan Member Username: Michigan Post Number: 432 Registered: 04-2007 |
nice e-mail Ray. I wish you would have told the jackass that Lake Michigan is not near Detroit. If he gets that wrong, what else did he get wrong. | ||
Iheartthed Member Username: Iheartthed Post Number: 936 Registered: 04-2006 |
"I walked by the Cartier store in NYC the other day. It had a sign in front "Cartier: London, Paris, New York, San Francisco, Troy." That's Troy, Michigan, bucko." Where? lol. | ||
Planner_727 Member Username: Planner_727 Post Number: 110 Registered: 07-2006 |
Yeah Michigan... I was too late just read this. "Chilly shores of Lake Michigan"... I guess he's taking a shot at Chicago, too. |
