from Real Clear Politics -
If you’d like to get a glimpse of what America would look like if
President Barack Obama got his way on everything, take a good look at
Detroit.
In 1950, Detroit was America’s fifth-largest city, with a population
of 1.84 million. Median household income was higher than in any other
city. So was the percentage of people who owned their own homes. Detroit
was then arguably the best big city in which to live.
Today, Detroit leads Forbes magazine’s list of “most miserable
cities.” It’s the fourth-worst run, according to Money magazine. It’s
second in violent crime, third in murders. Nearly half of Detroiters of
working age are unemployed.
The population of Detroit has fallen by more than half, to 706,585.
It’s now the size it was in 1910. Median household income is barely half
the U.S. average ($27,862 vs. $51,413). The average price of a house in
Detroit is just $16,800, by far the lowest in the country.
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