JoAnn Watson: Detroit deserves bailout 'at least' as big as GM

[The Northerner]

Detroit — Councilwoman JoAnn Watson is reiterating her call for a government bailout of Detroit, saying the city that built the middle class deserves as much help as Wall Street or General Motors.

Addressing the City Council today during Mayor Dave Bing's budget presentation, Watson gave a spirited pitch for federal funds to help the city whose population declined 25 percent since 2000 to 713,777.

"We are worth it. We are worth at least as much as General Motors or Chrysler or the Wall Street bankers," Watson said. "It was this city that built military vehicles for World War II. It was this city that (invented) the middle class and the five-day work week.

"We should not be in a position to be victims. We are victors. And we should demand respect."

General Motors received $52 billion in government aid, while Chrysler received $12.5 billion, according to published reports. Mayor Dave Bing has traveled to Washington, D.C., repeatedly seeking more federal funds for Detroit.

Read more: http://detnews.com/article/20110412/METRO01/104120394/JoAnn-Watson--Detroit-deserves-bailout-‘at-least’-as-big-as-GM#ixzz1JLsx6Dha

[leveymg]

1. Detroit doesn't have Wall Street and foreign investors (anymore). That's why Detroit will not get

a bailout, but GM and Chrysler did.

Gotta serve your investors first, last and to the exclusion of all others. Unless, of course, it's someone else holding a gun to your head.