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Public and Private Money will Bail Out Detroit

 
Public and Private Money will Bail Out Detroit
Posted May 22nd, 2014 @ 4:34am by WOOD Radio News Team

We told you yesterday how JP Morgan Chase Bank is pumping $100 million  into the Detroit recovery on top of the $200 million bailout of Detroit's mismanaged pension system that is working through our Legislature.

People and businesses in West Michigan should not begrudge Motown that money, says GVSU economics professor Paul Isely.

He tells WOOD TV that Detroit is Michigan, at least for people who do not live here.

Any business that considers setting up in West Michigan, has to look at Detroit's image to judge our state to begin with.

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