an $80 billion federal bailout saved the motor park of motor city. the auto industry from collapsing. right now in 2013 there will be no bailout for detroit itself. michigan governor rick snyder is not asking for one. and the white house is not offering one. it was really surprising republican members of the senate started trying to block a bailout of detroit. this thing that does not exist, no bailout, not only for detroit, but for any american city. no federal funding of any kind for any struggling city anywhere ever. unless they re hit by a natural disaster. because, you know, hurricanes, they have a tendency to hit the sponsor of another measure s home state with regular frequency. the first no bailout no money of any kind amendment did not passion, it was defeated on a close party line vote. its sponsor tweeted, if you weren t worried about the federal government bailing out municipalities like detroit now, you should be. be afraid of this thing that does not exist. so afraid that
would be seen by the rest of the world as the same thing as the bankruptcy of america itself. the dollar would crash, the stock market would suffer and the entire thing was unthinkable. president ford reconsidered. he provided legislation that provided new york with loans that were paid back with interest. in 1970s new york, dug itself out of its financial mess. it did not go bankrupt. and times square over the coming decades went from looking like this to looking like this. an example of how even when they are in huge financial trouble, cities in this country can be saved. earlier this month, detroit became the latest and greatest american city to file for bankruptcy. an $80 billion federal bailout saved the motor park of motor city. the auto industry from collapsing. right now in 2013 there will be no bailout for detroit itself. michigan governor rick snyder is not asking for one. and the white house is not
that a new york city bankruptcy would be seen by the rest of the world as the same thing as the bankruptcy of america itself. the dollar would crash, the stock market would suffer and the entire thing was unthinkable. president ford reconsidered. he provided legislation that provided new york with loans that were paid back with interest. in 1970s new york, dug itself out of its financial mess. it did not go bankrupt. and times square over the coming decades went from looking like this to looking like this. an example of how even when they are in huge financial trouble, cities in this country can be saved. earlier this month, detroit became the latest and greatest american city to file for bankruptcy. an $80 billion federal bailout saved the motor park of motor city. the auto industry from collapsing. right now in 2013 there will be no bailout for detroit itself. michigan governor rick snyder is