Snapshots Of A Dying Economy June 14, 2010

by Will

Will Grigg?s Liberty Minute

June 14, 2010

In a gesture fraught with symbolic significance, Detroit Mayor Dave Bing has announced that the city will relocate the headquarters of the police and fire departments to the long-vacant MGM Grand Detroit casino.

Detroit, once the showcase of America?s manufacturing might, is a virtual ghost town. Unemployment rates are reaching the stratosphere. Abandoned homes once valued at hundreds of thousands of dollars remain unsold at prices as low as one dollar apiece. The city is demolishing 10,000 houses ? including, recently, the childhood home of Mitt Romney. By some estimates, there are more than 90,000 abandoned homes in Detroit.

Similarly, soaring unemployment and a rapidly spreading foreclosure blight are killing Las Vegas. Nationally, about a quarter of all households are ?underwater? on their mortgages ? meaning they owe more than their houses are currently worth. In Nevada, that figure is a horrifying 65 percent, and Vegas is the epicenter of that unprecedented disaster.

These are snapshots of a country rapidly headed for Third World status.

Let us take back the liberty wherewith Christ has made us free.

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