President Barack Obama is monitoring Detroitâ€™s municipal bankruptcy, a White House spokeswoman said Thursday, but has not committed any federal help for the beleaguered city.
â€œThe president and members of the presidentâ€™s senior team continue to closely monitor the situation in Detroit,â€ spokeswoman Amy Brundage said Thursday. â€œWhile leaders on the ground in Michigan and the cityâ€™s creditors understand that they must find a solution to Detroitâ€™s serious financial challenge, we remain committed to continuing our strong partnership with Detroit as it works to recover and revitalize and maintain its status as one of America’s great cities.â€
The tepid reaction Thursday comes after saving the Detroit auto industry was a central feature of Obamaâ€™s re-election campaign â€“ when Democrats savaged Republican Mitt Romney for a New York Times op-ed headlined â€œLet Detroit Go Bankrupt.â€
Just weeks before Election Day, Obama used his weekly radio address to tout his administrationâ€™s rescue of General Motors and Chrysler, saying it was the federal government that kept the auto companies alive.
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