Obama Saves Detroit Not!
Original post made by Nathan Detroit on Dec 4, 2013
"We refused to let Detroit go Bankrupt. I bet on American Workers and American Ingenuity and three years later that bet is paying off in a big way."
I would too bet on American Workers and American Ingenuity but when you have the bumbling and inept Obama Administration screwing things up then all bets are off.
A federal judge ruled yesterday that Detroit can use bankruptcy to cut employee pensions and relieve itself of $18 Billion in debt, handing a defeat to the city's unions and retirees. Creditors might get 16 cents on every dollar of debt they hold.
Another Obama Success Story. What a klutz. They man truly does not know what he is doing.
If you were a member and logged in you could track comments from this story.
Touring the Southern California “Ivies:” Pomona and Cal Tech
By John Raftrey and Lori McCormick | 5 comments | 3,110 views