Bing has his work cut out for him. (AP)
High taxes, strong unions and lots of regulations; Detroit is a progressive's dream.
But a nightmare for everyone involved.
The Detroit News reports that nearly half of all Detroit citizens are unemployed.
The Bureau of Labor Statistics estimated that for the year that ended in September, Michigan's official unemployment rate was 12.6 percent. Using the broadest definition of unemployment, the state unemployment rate was 20.9 percent, or 66 percent higher than the official rate. Since Detroit's official rate for October was 27 percent, that broader rate pushes the city's rate to as high as 44.8 percent.
Insanity is doing the same thing and expecting different results.