Here, our President says that he refuses to let Detroit go bankrupt. Guess what happened today? You got it.
Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection.Could the White House have helped? Certainly.
Any hope of a federal bailout to avert bankruptcy fizzled last week after Mr. Orr spoke with the White House, including Obama confidante Valerie Jarrett, according to city and White House officials.Yeah, he promised to not let Detroit go bankrupt, then he let it go bankrupt. All of his promises have expiration dates. Every one of them. For Detroit, it expired today.