July 18, 2013 - Detroit Broke City

Today, the city of Detroit became the largest US city to ever declare bankruptcy.

If we rewind to 2008, Mitt Romney penned a New York Times op-ed about why bailing out the auto industry would lead to the bankruptcy of Detroit.

If we continue the timeline to the 2012 Presidential Campaign, you would find that the Obama campaign made THAT Romney column a key negative tactic in speeches and commercials.

Obama was very clear in his rhetoric that GM (and Detroit) were ALIVE and Osama Bin Laden (and Al Qaeda) were DEAD, thanks to his policies. Guess no one told the banks financing Detroit or the US embassy in Libya.

Never mind that Democratic policies have governed Detroit for 51 years of its decline. How dare any one suggest Democratic policies are to blame.

Detroit is a warning of how endless welfare can bring down a city. Cities can and will go bankrupt, but what portends the US as a whole?

You can judge if Obama wouldn't let Detroit go bankrupt in the same way he made sure you could keep your doctor and premiums would go down under Obamacare. Reality over speeches.

The 2012 Obama's ads told me that if I voted for Mitt Romney that Detroit would go bankrupt.

Actually, I did vote for Romney and those ads were right

 

Posted with Blogsy