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In Four More Years We'll Be Detroit

tmaher Wrote: Nov 17, 2012 6:47 AM
There was nothing clever about what Obama did ... he is a street guy .... he spotted a bunch of selfish dopey ,lazy white guys and he did them.... Nobody saved GM they just postponed the inevitable....Management in concert with the government is still cooking the books after they screwed the bondholders...

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...

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