Should Detroit’s Bankruptcy Be an Early-Warning Sign for Washington?

“There’s no way a bailout of Detroit goes through the House of Representatives. Heck, I don’t even think it could make it through the Senate. So some folks on the left would be justified if they asked why the high rollers on Wall Street supposedly deserved a bailout a few years ago but they don’t get one today. The answer, of course, is discrimination by color. But I’m not talking black vs white. The color that matters in politics is green. The financial industry dispenses huge campaign contributions to both sides of the aisle, and the bailout was their payoff. Public employee unions, by contrast, give almost every penny of their money to Democrats.”

http://danieljmitchell.wordpress.com/2013/07/29/should-detroits-bankruptcy-be-an-early-warning-sign-for-washington/

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