Mitt Romney didn’t choose the title of his Nov. 18, 2008 New York Times op-ed on the auto industry bailout, The Times did, but President Obama effectively used that title against Romney throughout the 2012 presidential campaign:
Now, karma seems to be paying Obama back. The city of Detroit filed for Chapter 9 bankruptcy protection in federal court Thursday, and the White House did nothing to stop it.
“We refused to throw in the towel and do nothing,” Obama said from the White House in October 2012. “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.”
Somebody forget to tell Detroit that Obama’s policies were working so well. The city has more than $18 billion in unfunded liabilities, and ran a $237 million deficit in June of this year alone. Note that the city hasn’t had a Republican mayor since bell bottoms were fashionable and has had only one Republican city council member.
The reality is that Detroit’s bankruptcy is not Obama’s fault. Years of complete Democratic control of the city are. Elections were won by making huge promises to government unions, taxes were raised to try and meet those promises, and then businesses and families left the city to escape those taxes. The Democratic response? Even higher taxes on those who remained along with exemptions for the politically connected.
Obama’s policies are doing to America today exactly what Democrat policies did to Detroit for the past 40 years: hike taxes, increase regulation, payoff political allies, and make entitlement promises that are guaranteed to bankrupt the system.
Fortunately America has a Republican-controlled House of Representatives to block as much of the Obama agenda as humanly possible.
From The Washington Examiner
Editorial: A White House point man at the IRS is revealed
Steve Contorno: Joe Manchin votes against new EPA head, cites ‘fight’ with Obama
Susan Crabtree: IRS watchdog says he received documents about scrutiny of liberal groups last week
Sean Higgins: Senate confirms Thomas Perez as Labor Secretary
Rebecca Berg: Marco Rubio affirms support for Florida’s ‘Stand Your Ground’ law
Phil Klein: HHS report on Obamacare premiums lacks relevant comparison
Ashe Schow: Eric Cantor ‘disheartened’ by Republican surrender on filibuster fight
Joel Gehrke: Steve Cohen apologizes to reporter after calling her ‘very attractive’
Tim Carney: Obamanomics is trickle-down, not bottom-up
Conn Carroll: Marco Rubio’s best shot at 2016 involves swift death for Gang of Eight
Shikha Dalmia: Without big changes, Detroit won’t have a second act
Ron Arnold: Alaska challenges Obama
In Other News
Reuters, Republicans eye ‘Obamacare’ as new focus of fiscal debate: Growing numbers of Republicans in Congress are setting their sights on a new target in looming fiscal showdowns this autumn over government funding and the debt limit: “Obamacare.”
The New York Times, Judge Upholds Charge Against Manning: The military judge in the trial of Pfc. Bradley Manning decided on Thursday not to drop a charge accusing Private Manning of “aiding the enemy.” If found guilty on all counts, Private Manning could face life in prison without parole plus an additional 154 years.
Las Vegas Review-Journal, Reid blames fires on climate change: As firefighters head home from Southern Nevada, U.S. Sen. Harry
Reid on Wednesday blamed “climate change” for the intense blaze that consumed nearly 28,000 acres and drove hundreds of residents from their homes around Mount Charleston this month.
Think Progress celebrates House Republicans dropping their defense of DOMA.
Sarah Kliff on the Obamacare provision that terrifies insurers.
Jonathan Cohn says the Obamacare train still hasn’t wrecked.