GM CEO: Bankruptcy Likely; Firm May Leave Detroit

General Motors is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said Monday . . .

GM CEO: Bankruptcy Likely; Firm May Leave Detroit - Automotive * US * News * Story - CNBC.com

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Any wonder?

Detroit is the most liberal city in America.

In 2008, Forbes ranked Detroit #1 in its index of America’s Most Miserable Cities.

75% of students entering 9th grade in Detroit never graduate from High School. Only 67% who make it to their senior year graduate.

The FBI is investigating Detroit public schools for corruption.

Last July, the FBI announced it was investigating Detroit City council members for corruption.

Last fall, Detroit Mayor Kwame Malik Kilpatrick resigned after pleading guilty to two felonies.

In 2008, ACORN held its annual convention in Detroit.

The Obama/Pelosi/Reid so-called "stimulus" bill allocated over half a billion dollars (two thirds of it "discretionary) to the Detroit Public school system.

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