Detroit

[The Lurker Below]

•Obama’s weekly address, October 13, 2012: “We refused to throw in the towel and do nothing. We refused to let Detroit go bankrupt.”

Yesterday was an illusion created by that conservative over there behind the curtain. Didn't really happen. Clearly, nearly a year ago, Obama saved Detroit.

On one hand I feel bad because a lot of people aren't financially savvy. On the other, anyone who did any kind of research or paid attention what was going on in Detroit could have seen this coming 20 years ago.

All this happened once before, 40 years ago. Now we find it easier to build new than to renew. It's happened prior to that to a smaller degree in every American manufacturing center. It was only slowed down in Detroit 40 years ago because the unions made all their workers put MY CAR WILL EAT YOUR IMPORT bumper stickers on their cars.