Detroit Politician Demands Bailout Because City Supported Obama

Quid pro quo: something given or received for something else; also, a deal. A few weeks ago, I wrote about how FDR’s state bailouts caused greedy and dishonest competition for government dollars. As it turned out, the states that needed the money most were not the ones that got it. The states that got the cash were the states that FDR needed to win re-election. And so it goes even today. As Detroit goes bankrupt, city councilwoman JoAnn Watson wants Obama to bail the city out. She said this Read more […]