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Another Obama failure, Detroit bankrupt


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#1    Merc14

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Posted 20 July 2013 - 01:29 AM

Obama attacked Romney for his suggestion that Detroit go into a structured bankruptcy with the following statement:
We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt. We bet on American workers and American ingenuity, and three years later, that bet is paying off in a big way.”


Read more: http://www.foxnews.c.../#ixzz2ZXp9LchD



Read the rest of the article if you care but the gist of it is the city of Detroit had no possible way to ever recover as the corrupt democrat political machine, in league with the unions had bled it dry.  They killed the city and an early  structured bankruptcy would've saved millions but the democrats wouldn't hear of it and Obama made his always empty promises.  Hell, he probably believed what he was saying, the moron.  So now Detroit goes away and many living on ridiculous pensions will find themselves broke.



Read more: http://www.foxnews.c.../#ixzz2ZXp9LchD



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#2    Simbi Laveau

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Posted 20 July 2013 - 02:27 AM

I just read something about a judge making Detroit retract its bankruptcy submission .
No idea what the details are.



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#3    Merc14

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Posted 20 July 2013 - 03:35 AM

View PostSimbi Laveau, on 20 July 2013 - 02:27 AM, said:

I just read something about a judge making Detroit retract its bankruptcy submission .
No idea what the details are.
The unions are behind that but Barry has  already abandoned them so no fed protection.  He isn't running again so he is abandoning the scumbags that cheated to get him back in office because it isn't worth his time and there really isn't an out, just as Romney said. Ninjadude (aka NNs) was all about the big save of Detroit but I am sure that boy will be absent from the conversation now.  Reality sucks.

Believing when there is no compelling evidence is a mistake.  The idea is to withhold belief until there is compelling evidence and if the universe does not comply with our predispositions, okay, then we have the wrenching obligation to accommodate to the way the universe really is.  - Carl Sagan

"There is no difference between Communism and Socialism, except in the same ultimate end:  Communism proposes to enslave men by force, Socialism-by the vote.  It is merely the difference between murder and suicide."  - Ayn Rand

#4    Mr.United_Nations

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Posted 20 July 2013 - 08:02 AM

Detroit was in trouble for a long time


#5    Paranoid Android

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Posted 20 July 2013 - 08:16 AM

There's already a thread on this topic HERE.  No need to have two active threads on the same topic.

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