Ready for the Rebound
Feeling sassy and ready to be back!
The Detroit media blitz continues -- this time, a nice read in the Washington Post.
"In a new Washington Post-Kaiser Family Foundation-Harvard University poll about Detroit, almost all residents of the main three-county metropolitan area see their economy as in ruins. About half say this is a bad place to raise a family; as many describe a declining standard of living, swelling debt, deteriorating neighborhoods and a brutal job market.
A steadfast optimism, however, shines through the poll. A large majority of residents expect that things will get better, with 63 percent optimistic about the area's future and the same percentage expecting their finances to improve over the next decade."
I added the boldface print -- because I believe that to be absolutely true.
However, I will temper my outrageous, caffeine-fueled enthusiasm with this next point from the article -- it is the scary stuff.
The long struggle here has significance beyond Detroit -- the state has been battered by lost tax revenue, a weakened economy and the highest statewide jobless rate -- resonating throughout the nation. "The plight of these people is also in a way our plight," said Clyde Prestowitz, president of the Economic Strategy Institute, a Washington-based public policy group that studies globalization and its impact. If one part of the country loses the jobs that support it, he said, the rest of the country pays.
"Michigan is the harbinger," Prestowitz said. "Some think that it is just the auto industry, but the same dynamics that have undercut the auto and manufacturing industries of Michigan are also undercutting the high-tech labs in Silicon Valley and they're also undercutting medical services in Pittsburgh."
Read the whole thing