Obomba Bails Out Detroit

White House to Send Millions to Detroit, So Obama knows there is no way Congress is going to go along with this crony bailout, so what to do, just forget Congress do it anyway he can …

According to the AP story:

Gene Sperling, chief economic adviser to President Obama, said the administration scrounged through the federal budget and found untapped money that “either had not flowed or had not gotten out or not directed to the top priorities for Detroit.”

How it is that there is $100 million laying around for Detroit is unclear. Sperling, who is from Michigan, is director of the White House National Economic Council but will be leaving the post January.

And you wonder, why Republicans won’t stand up and stop this out of control crap.

How it is that there is $100 million laying around for Detroit is unclear. Sperling, who is from Michigan, is director of the White House National Economic Council but will be leaving the post January.

Though a significant sum, the money will make hardly a dent in Detroit’s $18 billion in debt.

What’s more, the AP notes,

“Detroit has had a poor record in making sure grant money is used properly and even spent at all.”

Sperling, Attorney General Eric Holder, Transportation Secretary Anthony Foxx and HUD Secretary Shaun Donovan are meeting with state and local officials today to discuss the funding.

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