Auto Execs Fly Corporate Jets to D.C., Tin Cups in Hand

[Munchkin03]

Originally Posted by Kevin

We'll be fine. Maybe Detroit won't, but that's the risk a city takes when it puts all of its eggs in one poorly positioned basket.

This is my biggest concern here. It's like what any financial planner says: DIVERSIFY. Even if you only have two big industries you're dependent on, you can usually weather a storm better than a one-horse town.

You know, maybe people should just move, if the situation in Michigan is that dire. I know it's hard to leave your family and comforts, blah blah blah, but if anyone remembers this thing called the Great Migration, a ton of people left the South to go to cities just like Detroit because of all of the jobs that were available.

[KSigkid]

Originally Posted by Munchkin03

This is my biggest concern here. It's like what any financial planner says: DIVERSIFY. Even if you only have two big industries you're dependent on, you can usually weather a storm better than a one-horse town.

You know, maybe people should just move, if the situation in Michigan is that dire. I know it's hard to leave your family and comforts, blah blah blah, but if anyone remembers this thing called the Great Migration, a ton of people left the South to go to cities just like Detroit because of all of the jobs that were available.

My hometown (Bristol, CT) has gone through something like that. Most of the local economy was in manufacturing, and when the companies started leaving for cheaper land (and cheaper labor), the city started a downturn. The only thing that really has saved it is that ESPN was started in town and is based there. Without the tax and revenues generated by ESPN, I shudder to think what my hometown would have become.

[AGDee]

Originally Posted by Munchkin03

This is my biggest concern here. It's like what any financial planner says: DIVERSIFY. Even if you only have two big industries you're dependent on, you can usually weather a storm better than a one-horse town.

You know, maybe people should just move, if the situation in Michigan is that dire. I know it's hard to leave your family and comforts, blah blah blah, but if anyone remembers this thing called the Great Migration, a ton of people left the South to go to cities just like Detroit because of all of the jobs that were available.

It is difficult to move when you have nothing but your house and you can't sell that. It's not about family or comforts. Do you think anybody lives in Michigan for the comfort? Have you ever been here during January? LOL