On October 13, 2012, President Obama boasted to Americans in his weekly address that he refused to “let Detroit go bankrupt.”
“[W]e refused to throw in the towel and do nothing,” Obama said. “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.”
The city of Detroit has gone bankrupt. Not the automakers. Or so it can be said.
Perhaps the Communist in Chief will become the receiver of Detroit, and set it up as another DC, called the District of Detroit. Then perhaps the district of Flint, then the district of California, until we are all one happy Soviet Union.