Detroit’s Downfall

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

It's kind of disturbing to see how many on the right are cheering the fact that Detroit has filed for bankruptcy.  Some saw it as vindication that Obama's bailout of the auto industry was bad policy.  But, of course, Detroit and the auto industry, while often linked, are not the same thing.  The auto industry is doing fine, thank you very much.  Also, Detroit — the city — has had systemic problems which made it difficult to flourish even in good economic times.

But gloating at the news?  Why do they hate America so much?