car companies http://archive2.mrc.org/taxonomy/term/23268/all en Motor City Madness: Networks Tell Upbeat Story as Detroit Goes Bankrupt http://archive2.mrc.org/articles/motor-city-madness-networks-tell-upbeat-story-detroit-goes-bankrupt <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> ABC, CBS, NBC focus on city’s recovery 6-1 over fiscal problems. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kristine-marsh">Kristine Marsh</a> </div> </div> </div> <p class="loose">A year ago, President Barack Obama derided Mitt Romney for admitting he would let <st1:city><st1:place>Detroit</st1:place></st1:city> car companies go bankrupt. He told supporters he wouldn’t do that. “I refuse to turn my back on communities like this. I was betting on the American worker,” Obama said during a July campaign speech in <st1:state><st1:place>Ohio</st1:place></st1:state>. In reality, the president <i>helped</i> two auto firms file for Chapter 11 bankruptcy in exchange for $80 billion from taxpayers.</p><p><a href="http://archive2.mrc.org/articles/motor-city-madness-networks-tell-upbeat-story-detroit-goes-bankrupt" target="_blank">read more</a></p> Articles MRC Business Business Economy Government Politics auto industry bankrupt bankruptcy Barack Obama Big Three car companies Corruption Democrat Detroit fiscal problems infrastructure job growth Mitt Romney motor city networks taxes unemployment Mon, 22 Jul 2013 13:37:22 +0000 julia.seymour 44062 at http://archive2.mrc.org