Detroit files for bankruptcy

Posted in the Evansville Forum

One

Canton, OH

#1 Jul 18, 2013
This was the city Obama "saved". Just last year he was touting his success by "refusing" to let Detroit fall into bankruptcy. Here we are now, another promise proved to be bullsh!t, and millions more tax dollars wasted. He tried to save Detroit just long enough to get thru the election. Where is he now?

Oh well, I'm sure this is bush's fault.

Since: Sep 12

Location hidden

#2 Jul 18, 2013
One wrote:
This was the city Obama "saved". Just last year he was touting his success by "refusing" to let Detroit fall into bankruptcy. Here we are now, another promise proved to be bullsh!t, and millions more tax dollars wasted. He tried to save Detroit just long enough to get thru the election. Where is he now?

Oh well, I'm sure this is bush's fault.
Don't let democrats run thibgs
Wow

United States

#3 Jul 18, 2013
Detroit is the blueprint for the Obamessiah's Great Society - the number of people with their hand out (read Obama voters) has finally passed the number who actually work and pay taxes. When fewer are working than are sitting back relaxing with their free Obamaphone bankruptcy is the result. This is what the whole country would look like in a few years. The parasites will keep voting for anyone who makes sure their programs that put money in their pockets keep growing. Detroit is just what Obama said it was - a great example of his economic policies in action. Now they are getting free tablet computers next - you had better get back to work. Someone has to pay the lazy parasite class's way through life.
CJP

Spring Grove, IL

#4 Jul 18, 2013
Didn't Ross Perot warn us of this in 1992!!!
Giant sucking sound of jobs leaving USA.
Communist China gets Rich
One of the first things you learn in an Economics Class is that, in order for a nation to survive, that nation must EXPORT more than it IMPORTS.
During the 92 Election both Democrats and Republicans just loved the idea of EXPORTING are jobs so the big corporations could get RICHER
And Yes, My guess is chicago is next!!!
Patriot

Evansville, IN

#5 Jul 18, 2013
This is what occurs when you put a community organizer in charge. This is no big surprise.
Math

United States

#6 Jul 20, 2013
True - his only experience in his entire life is spending money that was made by other people. The great Obamessiah simply doesn't have the tools.
:P

Evansville, IN

#7 Jul 20, 2013
Math wrote:
True - his only experience in his entire life is spending money that was made by other people. The great Obamessiah simply doesn't have the tools.
Just a thought.
Notice how everyone on this thread can spell and even convey their thoughts without the use of ghetto street thug language?
The lowlifes aren't interested in anything that actually matters so they stayed off this thread. What does that tell you besides they could care less because they're going to get their free governments handouts either way.
Patriot

Evansville, IN

#8 Jul 20, 2013
50 years of liberal rule in Detroit. The population is nearly a 1/3 of what it once was. You do the math.

http://en.wikipedia.org/wiki/List_of_mayors_o...
Vanilla Ice Cube

Evansville, IN

#9 Jul 20, 2013
In fairness, the bailouts were intended to save the automotive industry and they did so. They were enacted under Bush, and extended under Obama. I hate the thought of so much money that doesn't actually exist being spent to save private entities, but letting them fail would have been even worse.
I have to agree with the poster above that American jobs going to other countries is the main culprit.

Since: Jul 13

United States

#10 Jul 21, 2013
One wrote:
This was the city Obama "saved". Just last year he was touting his success by "refusing" to let Detroit fall into bankruptcy. Here we are now, another promise proved to be bullsh!t, and millions more tax dollars wasted. He tried to save Detroit just long enough to get thru the election. Where is he now?

Oh well, I'm sure this is bush's fault.
They all lie democrats, republicans etc. they are all a bunch of money grubbin dick suckers who care nothing about the working class true American people!!!
One

Canton, OH

#11 Jul 21, 2013
Vanilla Ice Cube wrote:
In fairness, the bailouts were intended to save the automotive industry and they did so. They were enacted under Bush, and extended under Obama. I hate the thought of so much money that doesn't actually exist being spent to save private entities, but letting them fail would have been even worse.
I have to agree with the poster above that American jobs going to other countries is the main culprit.
No he vastly EXPANDED the bailouts. 17billion for bush. 90billion for Obama. So 5x MORE for the auto industry.

And I don't think you understand what bankruptcy is...filing chapter 9 does not mean they would have just shut the doors and closed down. It's a LEGAL process to allow them back on their feet. So the outcome would have been the same for the auto industry with billions saved.

Ford didn't take a dime. They are doing just fine. They are better off then any who did.

The point is Obama falsely claimed he had saved the city. The place is a nightmare and the poster child for urban decay.
Vanilla Ice Cube

Evansville, IN

#12 Jul 21, 2013
^Chapter 9 is for municipalities, not businesses. None of the bailout money went to the city of Detroit, it went to the 2 companies. If Obama ever claimed he saved the city itself, then yes, he's full of it.
One

Canton, OH

#13 Jul 21, 2013
Vanilla Ice Cube wrote:
^Chapter 9 is for municipalities, not businesses. None of the bailout money went to the city of Detroit, it went to the 2 companies. If Obama ever claimed he saved the city itself, then yes, he's full of it.
Correct, My mistake. Chapter 11. But it's not the same as "out of business". It's a way to stay IN business, something many americans did not understand..

Remember that whole Romney wants Detroit to go bankrupt thing? Obama lumps the auto industry in with "Detroit". And proclaimed himself savior.

His quote was that he "refused to let DETROIT go bankrupt." while Romney cared nothing for the people. So here we are the auto industry got 90million Obama got more BS to spread around, and the actual PEOPLE of Detroit got screwed.
rhinestone

Evansville, IN

#14 Jul 21, 2013
I See The Idiot Obama Haters Who Were Banned From Posting On The Courier & Press Have Made Their Way On Topix

Since: Sep 12

Location hidden

#15 Jul 21, 2013
rhinestone wrote:
I See The Idiot Obama Haters Who Were Banned From Posting On The Courier & Press Have Made Their Way On Topix
Ooo you are so edgy. Captain Batman declares you a stupid twit.

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