In response to:

In Four More Years We'll Be Detroit

Czarina Wrote: Nov 17, 2012 6:55 AM
Bush authorized less than 20 billion. Unemployment in Dec. 2007 was 5 point something---look it up. Obama pushed the bailout up to over 80 billion. Paulson is a GoldmanSachs Democrat. Bernanke is a.....? The entire fiasco of the meltdown was orchestrated starting with Clinton's and Carter's "everyone should be able to own a home" scam which forced banks to lower lending standards or be sued for discrimination, let Fannie and Freddie buy out the useless paper from the banks who then distributed the sub-value paper around the world, causing the burst bubble and leaving taxpayers with the bill. When are democrats going to get out of Denial and start living in reality. Sheesh!

From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.     

One prominent Detroit attorney, however, is facing the future of the Motor...

Related Tags: detroit
Wednesday, May 22 | 02:06 PM ET
Wednesday, May 22 | 02:06 PM ET
Wednesday, May 22 | 02:06 PM ET
Wednesday, May 22 | 02:06 PM ET