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| I'm self-employed http://fittor.top/ fittor There are a couple of problems with this approach, however — first and foremost of which is that U.S. taxpayers have already conducted an indirect bailout of Detroit. Starting in the Bush administration and extending into the Obama administration, the federal government invested around $80 billion rescuing Detroit's auto industry from its own set of very similar problems. Specifically, the bailout allowed the automakers to emerge from a politically-midwifed bankruptcy that relieved them from a large part of their past pension obligations, based on the same problematic structure of defined-benefit pensions. Their resurrection was supposed to revitalize Detroit; look how well that turned out. |
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Dudley |
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