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We have this mismatch. We have a number of Midwestern cities that are smaller than they used to be. The city of Detroit has lost nearly two thirds of its population since its post-war peak. Cincinnati has lost 40 percent of its population since 1950. In 1950, nearly a million people lived in the city of Cleveland. Now, under 400,000. A lot of the industries that have been based there have gone away. The plant where they once pumped out 12 million four-speed transmissions is shutting down. A southern Indiana pillow factory prepares to close. Hostess Brands says it will shut down its Akron plant. Heads of American Axle Manufacturing in Hamtramck say the plant is closing its doors. So those are cities that are overbuilt. They have airports and housing stock and cultural amenities for bigger cities than they are today. And then we have coastal cities that have not enough infrastructure to support their current populations. A lot of that, there isnt that much we can do about.
