W.H. says Obama monitoring Detroit bankruptcy

by
July 19, 2013

President Barack Obama is monitoring Detroit’s municipal bankruptcy, a White House spokeswoman said Thursday, but has not committed any federal help for the beleaguered city.

“The president and members of the president’s senior team continue to closely monitor the situation in Detroit,” spokeswoman Amy Brundage said Thursday. “While leaders on the ground in Michigan and the city’s creditors understand that they must find a solution to Detroit’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.”

The tepid reaction Thursday comes after saving the Detroit auto industry was a central feature of Obama’s re-election campaign – when Democrats savaged Republican Mitt Romney for a New York Times op-ed headlined “Let Detroit Go Bankrupt.”

Just weeks before Election Day, Obama used his weekly radio address to tout his administration’s rescue of General Motors and Chrysler, saying it was the federal government that kept the auto companies alive.

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