Huh, not bad for a place that was “more beleaguered” than all others just a few years ago. Maybe the jump has something to do with the auto bailout that he so strongly opposed in 2009, which now has factories humming even inside the bankrupt city?
By all means, the central government should confiscate wealth of some people and hand it to others that have demonstrated failure at handling the assets under their control, so that they can continue controlling those assets. Makes sense! The “auto bailout” was a bailout of union workers many with $100 k per year jobs and lenders that should have suffered losses for having provided obviously imprudent credit.