Detroit is going bankrupt. . . It’s about time. The Heritage Foundation weighs in on why the city has been due a bankruptcy for quite some time.

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Show Prep:

Big Three:

Leave it to Mike McKee to put a smiley face on the Fed’s woefully unclear message about tapering.

http://www.bloomberg.com/video/finally-bernanke-speaks-and-markets-listen-hXa0IKBmSD6jIf9vLGHUUA.html

On the bright side: Because of Bernanke’s “we’re going to taper, unless we don’t” message, the dollar is expected to stay “data dependent.”

http://www.bloomberg.com/video/dollar-to-stay-strong-but-be-data-dependent-sneyd-3PszFGc3TsK_7qufvV1CCA.html

Detroit it going Bankrupt. (Can we point out that Democrats have run this city since its glory days?) So what does that mean for the muni market?

http://video.cnbc.com/gallery/?play=1&video=3000184148

Speaking of Detroit’s pending bankruptcy:

http://washingtonexaminer.com/flashback-obama-2012-we-refused-to-let-detroit-go-bankrupt/article/2533249

Ezra Klein is an idiot:

The official White House denier had this to say about the Obamacare effect on hiring:

http://freebeacon.com/carney-no-evidence-businesses-arent-hiring-because-of-obamacare/

If Carney’s right. . . Then why did we delay the employer mandate?

Other News:

You may not have read this, because the news media was a bit too busy reporting on those racist “White-Hispanics” like George Zimmerman:

http://www.washingtontimes.com/news/2013/jul/17/irs-officials-washington-ordered-special-scrutiny-/

But, yeah. . . Obamacare’s going to work:

http://dailycaller.com/2013/07/18/michelle-obamas-america-schools-now-rely-on-junk-food-sales-to-make-ends-meet

WAIT! You mean it is FAKE!? It’s STAGED!? The outcomes are PRE-DETERMINED!? (Hang on. . . are we talking about wrestling or elections in Chicago?)

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/10187246/WWE-embarrassed-as-wrestling-match-outcomes-leaked-online.html

 

 


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