Detroit gets a government bailout

October 7, 2013 | SoundOffSister | | ,

About ten days ago when everyone was thinking about the impending government shut down, President Obama announced a $320 million bailout for the bankrupt city of Detroit.  But, lo and behold, per the New York Times, it isn’t a bailout, at all, it is simply “aid”.

You are probably wondering where this money comes from as we are essentially broke.  According to the Wall Street Journal,

[t]he federal funds, which were cobbled together from programs including TARP and the Federal Emergency Management Agency, are supposedly intended to encourage private investment.

But, the news gets even better.  The New Your Times reports,

[t]his [is only] the first major infusion from the federal government, which administration officials say will not be the last…

And, per the Wall Street Journal,

…according to National Economic Council director Gene Sperling, who flew to Detroit to announce the gift, Detroit’s bankruptcy was “an exceptional thing happening during the Obama administration” and merited an exceptional federal response.

Apparently, clinical trials for children with cancer conducted by the National Institutes of Health are not “exceptional” as those funds have been shut down, but sending your tax dollars to Detroit is perfectly acceptable to this President.

So, we can’t “cobble together” funds to help children with cancer, but we can “cobble together” funds to send to Detroit.

Can anyone explain this madness?

 

Posted in ,

SoundOffSister

The Sound Off Sister was an Assistant United States Attorney for the Southern District of Florida, and special trial attorney for the Department of Justice, Criminal Division; a partner in the Florida law firm of Shutts & Bowen, and an adjunct professor at the University of Miami, School of Law. The Sound Off Sister offers frequent commentary concerning legislation making its way through Congress, including the health reform legislation passed in early 2010.

7 Comments

  1. mathlady on October 7, 2013 at 6:27 pm

    It’s easy to explain – the people in Detroit (at least those that are left) vote Democrat. The kids at NIH don’t vote.
    ?



    • Eric on October 9, 2013 at 9:54 am

      You’re right mathlady! ?This president is nothing if not as transparent as a window pane.



  2. Gary J on October 7, 2013 at 8:24 pm

    ?Now would we expect less from Our Elected beloved President? I’m broke but still have to pay taxes, when is a donation to my wife and I coming?



  3. roko11 on October 7, 2013 at 10:46 pm

    The poor kids could have been his son.



  4. ricbee on October 7, 2013 at 11:39 pm

    Did anyone ever think the Obamanation would not do this?



  5. SeeingRed on October 8, 2013 at 8:08 am

    Sperling had to fly to Detroit to announce the ‘gift’?? I guess technology wouldn’t have worked here and besides, those $10k/hour planes grow on trees in our Gubmint.



  6. Dimsdale on October 8, 2013 at 9:28 am

    Let’s count the seconds before the other Democrat mismanaged cities and states queue up for their handout from “?bama’s stash” (read it: our pockets)



detroit-watson-property1

The website's content and articles were migrated to a new framework in October 2023. You may see [shortcodes in brackets] that do not make any sense. Please ignore that stuff. We may fix it at some point, but we do not have the time now.

You'll also note comments migrated over may have misplaced question marks and missing spaces. All comments were migrated, but trackbacks may not show.

The site is not broken.