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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: joseffy who wrote (727520)	7/18/2013 10:55:12 PM
From: FJB	1 Recommendation Recommended By joseffy Read Replies (1) \| Respond to of 1580448

Congressman Asks Obama For "Immediate Support" With Detroit Bankruptcy Submitted by Tyler Durden on 07/18/2013 - 20:12 Four years ago he bailed out the city's automotive industry, and a whole lot of union votes. Moments ago, Obama was just called in again, this time to bail out the entire city. "Representative Chaka Fattah (D-PA), a leader of the Congressional Urban Caucus, sent a letter to President Obama today calling on the Administration to lend a helping hand to Detroit, Michigan following the news that the city has filed for bankruptcy." So will the president play favorites? Or will the municipal bailout begin where the private sector bailout ended? And since bailouts tend to be contagious, if and when Obama does "lend a helping hand" to Detroit, paid for by all US taxpayers, which city, or rather cities, will demand the same treatment? And how long until other people's money finally runs out?