I was just reading a discussion of the bankruptcy of Detroit: greedy unions, bad government decisions, jobs fleeing overseas, that sort of thing. One interesting theory is that cars are relatively easy to make and will end up being manufactured wherever it’s cheapest.
Anyway, I can’t see Detroit being bailed out — I’m not even sure it would be a good idea. But I foresee a dystopian future for the motor city: half the population will decamp for New York City, where they will promptly go on welfare and drive around in limousines. The other half will head south to Florida, buy guns and soon be riding around in limousines.