Obama's economic recovery

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Believe in that and I have oceanfront property in Colorado to sell you. A disheartening number from CNN/Money:

2 out of 3 people in Detroit have debt in collections
It wasn't too long ago that Detroit was a booming town with a robust middle class. But after the decline of manufacturing crushed the local economy, Detroit filed the biggest public sector bankruptcy in U.S. history in 2013.

And the city's troubles have left a mark on the financial stability of its residents in a big way, according to a new report from the Urban Institute.

About 66% of residents have debt in collections -- meaning more than 180 days past due -- at a median amount of $1,847. Across the U.S., 35% of Americans have debt in collections.

Excuse me? Detroit is just the logical outcome of

  1. not listening to your market,
  2. shipping jobs overseas and
  3. 54 years of Democratic Party rule (Detroit's last Republican mayor was Louis C. Miriani)

What caught my eye is this: "Across the U.S., 35% of Americans have debt in collections" I though we were supposed to be in an economic recovery - that is what all the politicians have been telling us. Listen to the five minute Trump video I just posted.

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