Liberals never seem to be able to deal with economics very well.
Check it out:
All three networks on Thursday night and Friday morning avoided key factors in the bankruptcy of Detroit, skipping the city’s astronomically high tax rate and ignoring Democratic dominance for the previous half century. (Detroit’s last Republican mayor left office in 1962.) Instead, ABC, NBC and CBS acted as though the bankruptcy, what Brian Williams called “the slow-moving tragedy of decline,” was something that just happened.
On Good Morning America, Betty Liu gently summarized, “What happened here? Well, people have been leaving the city for years. Back in the 1950s, you had almost two million people, at the peak, living in Detroit. Now, just 700,000. So they’ve lost half their population.” She added, “When you have fewer people living in the city, you’re collecting less income and property taxes.” Why are people fleeing the city? Lacking curiosity, Liu didn’t bring that point up.Continue reading on newsbusters.org