Obama 2012: "We refused to let Detroit go bankrupt."

Funny how all politicians are always wrong. Always.
aaronfrsays...

Not defending him, but he isn't talking about the city. 'Detroit' is a metaphor American car manufacturers, and in this particular case, the restructuring of General Motors' debt through a taxpayer bailout in 2008/9.

Context matters.

Januarisays...

It REAAAAAALY really doesn't... not around here.

aaronfrsaid:

Not defending him, but he isn't talking about the city. 'Detroit' is a metaphor American car manufacturers, and in this particular case, the restructuring of General Motors' debt through a taxpayer bailout in 2008/9.

Context matters.

Trancecoachsays...

Despite any apparent glee at the prospect of Obama being proved wrong for his statement regarding keeping Detroit out of bankruptcy, the city which was assigned a manager by a Republican governor, has declared bankruptcy Chapter 9 in order to allow the city to legally fuck the union workers who earned pensions working for the city simply because the state backs the pension funds and the Republicans want to fuck all unions and workers, partially for supporting Obama and delivering Michigan and the presidency.

Politics is a tough game.
And things aren't simple as some world like to believe.
Different groups have competing interests.

http://www.salon.com/2013/07/18/detroit_files_for_bankruptcy_ap

eric3579says...

Way to misrepresent the clip FOX news style. Seems pretty lame if this is true. I assume blankfist didnt know and was duped like most of us would be. I seriously dislike this guy(Obama) but what I dislike more is misrepresenting something to further your point of view or agenda.

aaronfrsaid:

Not defending him, but he isn't talking about the city. 'Detroit' is a metaphor American car manufacturers, and in this particular case, the restructuring of General Motors' debt through a taxpayer bailout in 2008/9.

Context matters.

direpicklesays...

It's pretty obvious to anyone that, y'know. Was alive for the past five years. blankfist was not duped.

eric3579said:

Way to misrepresent the clip FOX news style. Seems pretty lame if this is true. I assume blankfist didnt know and was duped like most of us would be. I seriously dislike this guy(Obama) but what I dislike more is misrepresenting something to further your point of view or agenda.

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